T. Rowe Price says memecoins belong in active crypto ETF screens

T. Rowe Price digital assets head Blue Macellari said the firm included memecoins in its active crypto ETF, TKNZ, because excluding them solely on principle would undermine the purpose of active management. Macellari said memecoins that have survived for years and remain among the top assets by market capitalization should be evaluated individually for investment merit and momentum, and added that investors should not be shut out of opportunities simply because an asset is labeled a memecoin. TKNZ currently allocates about 60% of its portfolio to BTC and ETH, while Dogecoin accounts for 1.26% among its memecoin holdings. T. Rowe Price adjusts allocations across five to 15 cryptocurrencies flexibly based on market conditions and risk.