T Rowe Price Bets Big on Memecoins with New Crypto ETF

T. Rowe Price has launched its first actively managed multi-token spot crypto ETF, TKNZ, which carries an allocation of approximately 1.26% to Dogecoin.

The company's Head of Digital Assets, Blue Macellari, argued that mature memecoins like Dogecoin provide valuable data about blockchain network performance under heavy trading conditions.

The broader construction of TKNZ reveals a fund that leans heavily on the crypto blue chips, with Bitcoin and Ethereum accounting for roughly 60% of the ETF's assets.

T. Rowe Price built a three-layer evaluation framework to guide its investment decisions, assessing technology and tokenomics first, then ecosystem adoption, and finally market momentum.