T. Rowe Price defends memecoins in active crypto ETF
The asset manager argues that excluding memecoins from its actively managed crypto fund would contradict the principles underlying active portfolio management.
T. Rowe Price has defended its decision to include memecoins in its active cryptocurrency ETF, stating that principled exclusion of any asset class would undermine the core rationale for active management. The firm's position suggests that stock-picking discretion — central to active strategies — extends to the full spectrum of tradeable cryptocurrencies, including those with speculative or community-driven characteristics.
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