T-Rowe Price ETF and Memecoins
"They got approval for TKNZ, their active crypto ETF. They basically can choose up to 15 assets between five and 15 and actively index those assets, and that goes as far down the risk curve as Shiba Inu and Dogecoin, which is just absolutely astounding that those things are now being, you know, included in a ETF product here from T-Rowe Price."
ℹ️ In shortT-Rowe Price received approval for its active crypto ETF, TKNZ, which can include up to 15 assets, even risky ones like Shiba Inu and Dogecoin.
Predictions closed
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… t responsible like pension manager institution on the planet. They spent 89 years being the responsible one, and they just got the green light from the SEC to literally put XRP and Dogecoin into your retirement portfolio. Grandma's Grandpa's pension's about to be exposed to a coin named after a dog from a 2013 meme. Right? So, this is interesting. They got approval for TKNZ, their active crypto ETF. They basically can choose up to 15 assets between five and 15 and actively index those assets, and that goes as far down the risk curve as Shiba Inu and Dogecoin, which is just absolutely astounding that those things are now being, you know, included in a ETF product here from T-Rowe Price. So, what's really interesting here is this is very, very much a actively managed portfolio. So, someone at T-Rowe Price is going to decide the weighting and which assets are in there and whether it's five or six or seven or 25 of them. And so, this is a very meaningful story because it's a new distribution channel for advisors and retirement money …
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