[T. Rowe Price Responds to Including Dogecoin in Actively Managed ETF: Mature Meme Coins with History and Market Cap Should Not Be Excluded] BlockBeats News, August 8: T. Rowe Price launched the industry's first actively managed multi-token spot crypto ETF (Ticker: TKNZ) in July, drawing market attention not only for its mainstream allocation of approximately 60% in Bitcoin and Ethereum but also for including Meme coins. Currently, Dogecoin (DOGE) accounts for about 1.26% of the fund. This strategy was led by its Head of Digital Assets, Blue Macellari, whose core philosophy is that true active management should not exclude mature Meme coins with a certain history and market cap due to "intellectual arrogance." If a coin demonstrates momentum or can enhance portfolio performance, it should be included, allowing investors to gain full market exposure rather than only selecting assets that "appear respectable." Macellari further explained that Meme coin trading serves as the most authentic "stress test" for blockchain networks. When a chain experiences a Meme coin frenzy, it best tests its scalability, near-instant settlement, low transaction costs, and reliability during congestion. This is critical for the future large-scale application of stablecoins, as networks must efficiently handle both multi-million-dollar large transfers and low-cost small payments of just a few dollars. T. Rowe Price evaluates tokens using a three-layer framework: blockchain technology and token economic models, ecosystem growth and adoption, and market momentum (including community sentiment on platforms like Crypto Twitter). The firm believes that in the realm of crypto assets, good judgment and active decision-making are more valuable than in any other asset class. It also anticipates further segmentation in the crypto ETF market. The ETF currently holds 5 to 15 cryptocurrencies, and as more tokens meet the SEC's general listing standards, the investable scope will continue to expand. [Original Link]