The $15 million fund trades under the ticker TKNZ on NYSE Arca, with a management fee of 0.75%. At launch, the crypto ETF held 40.8% of its assets in BTC and 18.4% in ETH. Another 11% is allocated to BNB, 9.4% to SOL, 9.4% to XRP, 6.5% to HYPE, 3% to Stellar, and 1.3% to DOGE. Stablecoins and dollar cash equivalents account for 0.3%. TKNZ also allows for portfolio rebalancing. Bloomberg ETF analyst Eric Balchunas said the product has too low a BTC allocation at 40.8%. He also considers the amount of altcoins, especially HYPE at 6.5%, to be too high. TKNZ can also stake its coins, although this option will not be available at the initial stages.
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Asset manager T. Rowe Price, with $1.9 trillion under management, is launching its first actively managed multi-token crypto ETF.
The $15 million fund trades under the ticker TKNZ on NYSE Arca, with a management fee of 0.75%. At launch, the crypto ETF held 40.8% of its assets in BTC and 18.4% in ETH. Another 11% is allocated to...