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A 90-year-old asset manager just launched its first crypto ETF. It put more weight into Hyperliquid than into playing it safe with Bitcoin.
T. Rowe Price, which manages $1.9 trillion in assets, launched TKNZ this week, the industry's first actively managed multi-token spot crypto ETF.
Its debut portfolio holds about 41% $BTC and 18.4% $ETH , alongside $BNB , $SOL , $XRP , and roughly 6.5% in $HYPE.
One analyst called the allocation underweight Bitcoin and overweight most of the rest, especially HYPE. That's a genuinely different bet than most crypto ETFs have made so far.
Does it change anything for you to see a firm like this choosing altcoin exposure over a simple Bitcoin-heavy bet?