T. Rowe Price Responds to Including Dogecoin in Crypto ETF: Asset Management Companies Should Not Exclude Meme Coins

According to CoinDesk, U.S. asset management giant T. Rowe Price included Dogecoin in its portfolio after launching the industry's first actively managed multi-token spot crypto ETF, sparking market attention. Its Head of Digital Assets, Blue Macellari, responded that including mature Meme coins in the portfolio is not to chase online hype, but to more comprehensively reflect the crypto market. Active management means making judgments based on the investment value of each token, rather than directly excluding them simply because a certain asset class is controversial. It is reported that the T. Rowe Price Active Crypto ETF (TKNZ) primarily allocates to Bitcoin and Ethereum, which together account for approximately 60% of the fund's positions. The third-largest holding is BNB. Currently, only one Meme coin, Dogecoin (DOGE), is included, representing about 1.26% of the fund's asset allocation. Regarding the future crypto ETF market, Blue Macellari expects the industry to gradually become more segmented. In the future, large-cap "blue-chip" crypto ETFs, small-cap growth crypto ETFs, and thematic ETFs based on different sectors may emerge. T. Rowe Price does not plan to compete with institutions like BlackRock on passive crypto investment products, but instead focuses on the active management space, seeking asset allocation opportunities in the rapidly changing crypto market.