T. Rowe Price Includes Dogecoin in Multi-Crypto ETF Portfolio
T. Rowe Price's actively managed multi-crypto spot ETF, TKNZ, has been making waves in the crypto market by including Dogecoin (DOGE) in its portfolio.
The fund, launched in July, has approximately 60% of its assets allocated to Bitcoin and Ethereum, but also holds around 1.26% of its assets in DOGE, a memecoin.
In an interview, Blue Macellari, Head of Digital Assets at T. Rowe Price, explained that this approach is part of their active management strategy, which aims to provide investors with access to a broader segment of the crypto market.
Macellari stated that a crypto asset should be considered if it demonstrates strong price momentum or can contribute to portfolio performance, and argued that memecoins like DOGE are not inherently less valuable just because they 'don't seem serious.'