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Wall Street giants respond to dogcoin criticism

2026-08-09 12:40:30
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TKNZ ETF introduces dogcoin, and its proactive management strategy attracts attention

American asset management company T. Rowe Price launched an actively managed multi-currency spot cryptocurrency ETF-TKNZ in July, which attracted market attention by including DOGE in its investment portfolio.

As the first actively managed multi-currency spot cryptocurrency ETF in the field, approximately 60% of TKNZ's portfolio is configured with Bitcoin and Ethereum. However, the fund also allocates approximately 1.26% of Dogecoin from the memein category.

T. Blue Macellari, head of digital assets at Rowe Price, said the approach is part of its proactive management strategy. Macellari believes that it is unreasonable to exclude varieties with a certain history and market value just because memes "don't seem serious enough."

Macellari pointed out that if a crypto asset demonstrates strong price momentum and may contribute to portfolio performance, it should be considered. He said their goal is to give investors access to a broader segment of the crypto market, rather than just being limited to a narrow portfolio of only selecting "seemingly reliable" assets.

Memo activity: An important stress test for blockchain networks

Macellari also stated that memo activity is an important stress test for blockchain networks. He pointed out that during the period of the meecoin craze, the network will be tested under real conditions of scalability, low transaction costs, rapid consensus and reliability under high traffic.

Macellari said this ability could play a key role in the widespread adoption of stablecoins in the future. He added that blockchain networks should be able to simultaneously process large transfers of hundreds of millions of dollars and small payments of a few dollars, both of which need to be completed quickly and at low cost.

Macellari believes that using correct judgment and proactive decision-making in the field of crypto assets can create more value than other asset classes. He also expects that the crypto ETF market will be further subdivided into more subcategories in the future.

* This article does not constitute investment advice.

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