T. Rowe Price Plans to Include Dogecoin and Shiba Inu in New Crypto ETF

T. Rowe Price, a veteran asset manager overseeing more than $1 trillion, runs TKNZ as an actively managed cryptocurrency ETF whose token allocations can shift with market conditions. Adding Dogecoin, one of the best-known meme coins, signals a willingness by a traditional investment firm to place a highly volatile digital asset inside a regulated portfolio rather than limit exposure to larger cryptocurrencies such as Bitcoin.

The latest disclosed TKNZ portfolio assigns Dogecoin a weighting of about 1.26%, though the report did not specify the purchase date or dollar value of the position. A T. Rowe Price executive described the allocation as an example of genuine active management and said the heavy trading associated with meme coins can serve as a stress test of blockchain performance, including a network’s capacity to process elevated transaction volumes.

Crypto exchange-traded products have largely centered on passive, single-token exposure since US regulators cleared spot Bitcoin ETFs in January 2024. T. Rowe Price, which managed $1.89 trillion as of June 30, is testing a broader model with an actively managed portfolio spanning major cryptocurrencies and higher-risk assets. Including memecoins marks a notable expansion of institutional crypto investing beyond Bitcoin and Ether.

The T. Rowe Price Active Crypto ETF, or TKNZ, began trading on NYSE Arca on July 16, 2026, with about $15 million in assets. Its initial portfolio allocated 40.75% to Bitcoin, 18.42% to Ether and 1.28% to Dogecoin. Digital assets head Blue Macellari said excluding memecoins would conflict with active management and argued that their trading activity can stress-test blockchain scalability. She expects crypto ETFs to evolve toward multi-token, actively managed funds.

As the cryptocurrency market matures, traditional Wall Street institutions are accelerating their push into digital assets. The move by U.S. asset-management giant T. Rowe Price, which oversees as much as $1.9 trillion, breaks with the previous focus on single-asset products. It also signals that mainstream finance has become significantly more receptive to diversified crypto exposure, opening a new avenue for traditional investors seeking to spread risk.

T. Rowe Price formally launched the first actively managed multi-token spot crypto ETF in the United States in July 2026 under the ticker TKNZ. The fund attracted about $15 million in assets on its first day of trading. Its portfolio is heavily weighted toward Bitcoin, Ether and Solana, while also holding other tokens including the recently strong-performing HYPE, demonstrating the flexibility of active management to adjust allocations dynamically.