Global asset manager T. Rowe Price defended its decision to allocate 1.26% of its recently launched T. Rowe Price Active Crypto ETF (TKNZ) to Dogecoin. Blue Macellari, head of digital assets and lead portfolio manager for TKNZ, stated that the inclusion is part of a disciplined investment strategy to allow investors to participate in potential upside, rather than chasing a fad. The firm selected Dogecoin due to its longevity and high market capitalization, noting that meme coin trading provides valuable data on blockchain network efficiency and reliability under congestion. Launched in July, TKNZ is the first actively managed, multi-token spot crypto ETF in the U.S., with Bitcoin and Ethereum accounting for roughly 60% of its assets.