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T. Rowe Price Readies Active Crypto ETF TKNZ With XRP and SHIB; Bitcoin Watches $76,500 for a Run at $96,600
CoinDesk reports that T. Rowe Price, the $1.71 trillion asset-management group, is in the final stretch of launching an actively managed cryptocurrency ETF under the ticker TKNZ, with a 0.75% fee. The firm has filed a third amended document and confirmed the ticker. The portfolio is set to hold core tokens including Bitcoin (BTC) and Solana (SOL), and also names XRP and the memecoin Shiba Inu (SHIB).
Bloomberg ETF analyst Eric Balchunas said the fund could debut "soon," calling the push by active managers into crypto a "land rush." The product is designed to use a quantitative model to select 5 to 15 tokens, offering investors a packaged approach rather than a single-asset bet.
The filing lands as crypto ETFs see a short-term shift to risk-off positioning. This week, spot ETF flows turned negative, with $263.2 million leaving BTC ETFs and $50.4 million exiting ETH ETFs. The pullback comes ahead of the Federal Reserve meeting and the April 30 release of Personal Consumption Expenditures (PCE) inflation data, where PCE is expected at 3.2%.
Bitcoin is testing a key technical zone around $76,500, near the weekly Bollinger Bands midpoint and the 20-day moving average. BTC was last around $76,359, about 3% lower on the week. A weekly close above roughly $76,479 would be viewed as a successful retest, keeping the upside objective near the prior high around $96,600 in play, with the upper Bollinger Band near $95,500.
Macro pressures are complicating sentiment. Tensions in the Strait of Hormuz have lifted Brent crude above $100 per barrel, reviving inflation concerns and pushing some investors toward defensive positioning. If Bitcoin breaks below $76,500, attention may shift toward support near $72,000, potentially extending consolidation into May.
Dogecoin (DOGE) is also back on institutional radar. After nine days of no net inflows in spot ETF products, Grayscale Investments' GDOG fund posted its largest inflow since early March, ending a nine-day stretch of outflows. Even so, the fund remains small, with $11.83 million in AUM, about 0.08% of Dogecoin's market capitalization.
DOGE is trading near $0.09913, pressing the $0.10 level. It has held above the 23-day and 50-day moving averages, while a broader recovery target sits at $0.12752, aligned with the 200-day moving average. For bulls, the key task is to flip $0.10 from resistance into support.
In broader market positioning ahead of the FOMC decision, investors have been trimming exposure and raising cash as the recent streak of inflows into spot Bitcoin and Ethereum ETFs has broken. Bitcoin is probing support near $77,000, and continued ETF outflows could accelerate long liquidations below that area.
On the corporate and equity side, Block disclosed Bitcoin holdings valued at $2.2 billion in its first-quarter report. NVIDIA (NVDA) hit a new record at $212.50, underscoring strong risk appetite in AI-linked equities. The correlation between Bitcoin, the Nasdaq, and NVIDIA suggests crypto could see catch-up strength once Fed-driven volatility eases.