Why trillion-dollar asset manager T. Rowe Price put memecoins in its crypto ETF
60-second summary
T. Rowe Price, a $1.9 trillion asset manager, has included memecoins in its crypto ETF, citing its active approach to investing as the reason. The firm believes excluding established memecoins on principle would undermine its strategy, allowing the fund to capture market opportunities. This move reflects the growing mainstream acceptance of memecoins.
The $1.9 trillion asset manager says excluding established memecoins on principle would undermine its active approach to crypto investing.