TKNZ, the First Multi-Token Actively Managed Spot Crypto ETF, Launches With HYPE Significantly Overweight
Bloomberg ETF analyst Eric Balchunas said T. Rowe Price’s actively managed crypto ETF TKNZ launched today as the first multi-token actively managed spot ETF, with a 0.75% fee and approximately $15 million in initial assets. Its opening portfolio allocates 40.75% to BTC, 18.42% to ETH, 11.01% to BNB, 9.44% to SOL, 9.37% to XRP, 6.45% to HYPE, 3.00% to XLM and 1.28% to DOGE, with USDC and cash accounting for 0.16% and 0.11%, respectively. The fund is underweight BTC and overweight most other tokens, particularly HYPE.
TK Elevator executive praises Zhongshan's business environment
"As a foreigner working in a foreign-funded enterprise, I have been impressed by the pragmatic and hard-working practices of Zhongshan people over the years. I'd like to extend my heartfelt thanks."
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