Crypto
T. Rowe Price Blends Memecoins with Established Cryptos in Actively Managed ETF
T. Rowe Price, an asset manager with $1.9 trillion under management, has launched its first actively managed multi-token crypto ETF called TKNZ.
The fund's portfolio strategy blends established cryptocurrencies like Bitcoin and Ether with a smaller allocation to memecoins such as Dogecoin, which makes up 1.26% of the fund.
T. Rowe Price's head of digital assets, Blue Macellari, says including memecoins reflects disciplined active management, not a bet on internet hype.
The ETF has a 0.75% management fee, waived temporarily through May 2027, and invests in between five and 15 cryptocurrencies at any given time.