TKNZ, an actively managed multi-crypto spot ETF launched in July by US asset management company T. Rowe Price, attracted attention by including Dogecoin (DOGE) in its portfolio.
TKNZ, which stands out as the sector’s first actively managed multi-token spot crypto ETF, has approximately 60% of its portfolio comprised of Bitcoin and Ethereum. However, the fund has also allocated approximately 1.26% to Dogecoin from the memecoin category.
Blue Macellari, Head of Digital Assets at T. Rowe Price, stated that this approach is part of their active management strategy. According to Macellari, it’s not right to exclude memecoins that have reached a certain history and market capitalization simply because they “don’t seem serious.”
Macellari argued that a crypto asset should be considered if it demonstrates strong price momentum or can contribute to portfolio performance. The executive stated that their aim is to provide investors with access to a broader segment of the crypto market, rather than a narrow portfolio that only selects assets that “look reputable.”
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