T. Rowe Price Adds Dogecoin And Shiba Inu To New Crypto ETF

(MENAFN- Yolo Wire) Investment management firm T. Rowe Price (NASDAQ: $TROW) is adding meme coins Shiba Inu (CRYPTO: $SHIB) and Dogecoin (CRYPTO: $DOGE) to its newest cryptocurrency exchange-traded fund (ETF).

T. Rowe Price says DOGE and SHIB will be held alongside Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) in its new "Price Active Crypto ETF."

The new ETF is designed to give investors actively managed exposure to cryptocurrencies and digital assets, says the Wall Street firm.

T. Rowe Price currently has $1.8 trillion U.S. of assets under management (AUM).

Beyond Dogecoin and Shiba Inu, the new ETF could also hold digital tokens such as Avalanche (CRYPTO: $AVAX), Hedera (CRYPTO: $HBAR) and Chainlink (CRYPTO: $LINK), among other smaller cryptocurrencies.

In a regulatory filing ahead of the ETFs launch, T. Rowe Price said that it is looking to expand access and exposure to cryptocurrencies for investors.

However, the Price Active Crypto ETF will not hold all of those assets at once. Rather, the ETF plans to maintain between five and 15 crypto assets at a time, using active management.

The portfolio will be rebalanced using quantitative models that incorporate fundamentals, valuation, and market momentum, according to T. Rowe Price.

T. Rowe Price, an 87-year-old investment firm, is pushing to enter the crypto space.

The Price Active Crypto ETF is different from other funds that typically track the spot price of a cryptocurrency such as Bitcoin or Ethereum.

TROW stock has declined 5% over the last 12 months to trade at $89.29 U.S. per share.

MENAFN17032026007606016353ID1110874913