T. Rowe Price Embraces Memecoins in Actively Managed Crypto ETF

T. Rowe Price is breaking away from its conservative reputation by launching an actively managed crypto exchange-traded fund (ETF) that includes memecoins, according to a recent regulatory filing.

The fund's managers will have broad discretion over digital asset selection, allowing them to shift holdings based on market outlook and accommodate exposure to assets with higher volatility and thinner liquidity than traditional large-cap cryptocurrencies like Bitcoin and Ether.

The inclusion of memecoins such as Dogecoin and Shiba Inu in a regulated ETF from a mainstream issuer signals a willingness among traditional managers to widen their digital asset mandates beyond the relative safety of Bitcoin and Ether.