Wu Blockchain learned that Bloomberg ETF analyst Eric Balchunas said that T. Rowe Price’s actively managed crypto ETF TKNZ launched today. It is the first multi-asset actively managed spot ETF, with a management fee of 0.75% and an initial asset size of about $15 million. In the first batch of holdings, BTC accounts for 40.75%, ETH for 18.42%, BNB for 11.01%, SOL for 9.44%, XRP for 9.37%, HYPE for 6.45%, XLM for 3.00%, DOGE for 1.28%, and USDC and cash make up 0.16% and 0.11%, respectively. Overall, it is underweight BTC and overweight most other tokens, with HYPE being noticeably overweight.

HYPE-9.44%

BTC-1.48%

ETH-2.89%

BNB-1.39%

SOL-2.61%

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MarginBoy

· 5h ago

The highlight is that HYPE is “over-allocated” up to 6.45%—this guy has been performing really strongly lately.

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GasProphet

· 6h ago

The idea of actively managing a multi-asset ETF across generations is good, but can a 0.75% fee rate and allocation ratio outperform simply buying BTC directly?

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RuneStone

· 6h ago

Institutions are starting to package multiple tokens using ETFs, indicating a transition from single-token positioning to a composite allocation strategy, which is positive for the entire ecosystem.

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HamsterHODL

· 7h ago

USDC only accounts for 0.16%, almost negligible; cash is 0.11%. This ETF is almost fully invested in crypto, so volatility will be high.

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BreadthAnalyst

· 7h ago

BNB and XLM are both in it—this holdings portfolio looks like it’s replicating some kind of shanzhai coin index fund.

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FallingThreeHunter

· 7h ago

The ETF’s initial scale is only $15 million; the allocation to major constituents is relatively large as a trial. Let’s observe the speed of capital inflows.

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NFTPasserby

· 7h ago

A 0.75% management fee is relatively on the higher side in ETFs, though active multi-token management does indeed require costs.

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The first multi-token actively managed spot crypto ETF, TKNZ, goes live today, and HYPE receives a clear over-allocation.

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