T. Rowe Price, an asset manager overseeing approximately $1.9 trillion in assets, launched its actively managed multi-token spot crypto ETF trading under the ticker TKNZ on July 16. This fund, the first of its kind to reach the market, allocates approximately 1.26% of its assets to Dogecoin, making it its sole memecoin holding. Bitcoin and Ethereum together account for roughly 60% of the portfolio, which typically holds between 5 and 15 tokens. The management fee stands at 0.75% with a fee waiver through May 2027. This decision represents a legitimacy milestone for Dogecoin, which was originally created in 2013 as satire.
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