News linked to both this project and an event.
on July 16, Bitcoin ETFs registered a net inflow of $79.15 million, marking the third consecutive trading day of positive inflows. Among them, Blackrock IBIT saw a net inflow of $33.44 million, Fidelity FBTC recorded a net inflow of $30.73 million, and Bitwise BITB posted a net inflow of $14.98 million. Ethereum ETFs recorded a net outflow of $28.04 million on the same day. Grayscale Ether Mini Trust saw a net outflow of $14.28 million, Fidelity FETH recorded a net outflow of $11.20 million, and Grayscale ETHE reported a net outflow of $4.84 million; meanwhile, Bitwise ETHW posted a net inflow of $2.28 million. XRP ETFs recorded a net inflow of $6.78 million on that day, while Solana ETFs saw a net inflow of $1.66 million. T. Rowe Price's TKNZ began trading with approximately $15 million in initial assets, with a portfolio including Bitcoin, Ethereum, BNB, Solana, XRP, HYPE, XLM, and Dogecoin.
: ETF analyst Nate Geraci stated that T. Rowe Price, which manages nearly $2 trillion in assets, launched the actively managed multi-crypto asset ETF TKNZ today, the first product of its kind in the market and the institution's inaugural crypto ETF. The current bear market in crypto has not deterred traditional large asset managers from entering the space, and the timing of this product launch may be opportune.
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on platform X, stating that T. Rowe Price's active crypto ETF, TKNZ, is ready to launch and could go live at any time, with speculation it will debut on Thursday. He believes the timing is appropriate, as the ETF is launching after the impact of October's sell-off has somewhat subsided.