T. Rowe Price defends memecoins in active crypto ETF, says excluding them on principle would ‘undermine’ active management

BitcoinWorld T. Rowe Price defends memecoins in active crypto ETF, says excluding them on principle would ‘undermine’ active management Asset management giant T.

Rowe Price has confirmed that memecoins are part of the investment universe for its actively managed crypto exchange-traded fund, TKNZ.

The firm’s head of digital assets, Blue Macellari, said the decision to include these assets is rooted in the philosophy of active management: excluding them solely on principle would defeat the purpose of the strategy.

Why memecoins are in the fund Macellari explained that memecoins that have demonstrated longevity and remain among the top assets by market capitalization should be evaluated individually for investment merit and momentum.