T. Rowe Price Includes Memecoins in Actively Managed Crypto ETF

T. Rowe Price's actively managed crypto exchange-traded fund (ETF) has confirmed that memecoins are part of its investment universe.

The firm's head of digital assets, Blue Macellari, said excluding memecoins solely on principle would 'undermine' the purpose of active management.

T. Rowe Price allocates about 60% of TKNZ's portfolio to Bitcoin and Ethereum, with Dogecoin representing just 1.26%. The fund adjusts its allocations across five to fifteen cryptocurrencies based on market conditions and risk assessments.