T. Rowe Price, the asset manager with $1.9 trillion under management, has added Dogecoin to one of its own crypto exchange-traded funds. Citing a CoinDesk report, ABMedia said the firm included DOGE in the T. Rowe Price Active Crypto ETF, or TKNZ, which launched in July.
DOGE takes a 1.26% weight in TKNZ
The fund, formally named the T. Rowe Price Active Crypto ETF, listed in July 2026. It charges a 0.75% management fee, though that fee is temporarily waived through May 2027. Portfolio holdings range from five to 15 cryptocurrencies.
At present, Bitcoin and Ether together make up about 60% of the fund. BNB is the third-largest position, and Dogecoin accounts for about 1.26%.
Blue Macellari says the fund will not rule out strong tokens on principle
Blue Macellari, T. Rowe Price’s head of digital assets, said the company wants “true active management” and added, “I wouldn’t exclude a well-performing coin for principle.”
She also framed memecoins as assets that have been around for years and rank among the largest by market capitalization, rather than classing them only as speculative instruments.
Memecoin trading seen as a blockchain network “stress test”
On why memecoins were included, T. Rowe Price presented an argument that is not often heard from traditional asset managers. The firm said high-frequency trading in memecoins can serve as a “stress test” for blockchain networks, measuring how they handle transaction volume, settlement speed, and cost efficiency.
That, in turn, can help evaluate whether the underlying infrastructure is prepared for large-scale stablecoin adoption. In that framing, holding memecoins carries a purpose beyond speculation alone.
An active selection model, not a passive index approach
The ETF is actively managed. T. Rowe Price said it selects assets across three dimensions: blockchain technology and token economics, ecosystem growth, and market momentum. That approach sets it apart from crypto ETFs that passively track an index.