T. Rowe Price Includes Memecoins in Active Crypto ETF

T. Rowe Price, an asset management giant, has confirmed that memecoins are part of its actively managed crypto exchange-traded fund, TKNZ.

The firm's head of digital assets, Blue Macellari, said the decision to include these assets is rooted in the philosophy of active management: excluding them solely on principle would defeat the purpose of the strategy.

Macellari explained that memecoins with longevity and high market capitalization should be evaluated individually for investment merit and momentum.

T. Rowe Price allocates approximately 60% of its portfolio to Bitcoin and Ethereum, and about 1.26% to Dogecoin, the most prominent memecoin.