A new investment product tracking the performance of Dogecoin and Shiba Inu is nearing its market debut after receiving regulatory approval.
Specifically, this ETF comes from T. Rowe Price, a legacy asset manager with over $1.83 trillion under management. Over the weekend, the US Securities and Exchange Commission (SEC) approved the T. Rowe Price Active Crypto ETF, allowing access to a basket of digital assets including Dogecoin and Shiba Inu, two of the largest meme coins by market cap.
T. Rowe Price Active Crypto ETF Set for NYSE Arca Debut
The actively managed multi-asset crypto ETF offers exposure to between 5 and 15 cryptocurrencies at once. Its diversified format suits traditional investors seeking indirect access to multiple digital assets without the hassle of buying them individually.
T. Rowe Price first filed for the ETF in October 2025 with the US SEC. In March, the asset manager submitted an updated S-1 filing with the regulator, signaling progress in the approval process. With the latest greenlight, the ETF will soon launch on the New York Stock Exchange (NYSE) Arca.
The fund’s objective is to seek long-term capital growth via investments in digital assets. It will trade under the ticker “TKNZ” and hold cash, cash equivalents, and stablecoins for the purpose of buying “eligible” cryptocurrencies.
First US Shiba Inu ETF and Another Dogecoin Fund
Per the filing, the ETF offers access to a basket of “eligible” assets such as Bitcoin, Ethereum, XRP, and Cardano. Other notable names include community-backed tokens like Dogecoin and Shiba Inu.
For the Shiba Inu ecosystem, this is the first US ETF offering exposure to its native token SHIB. This marks a major milestone for the doggy-themed meme coin, whose enthusiasts have long clamored for traditional institutional exposure. While it is not a single-asset ETF offering exposure to the token, it is a major step toward mainstream adoption for what started as an internet meme.
However, its stay in the fund hinges on demand and performance. Since it is an actively managed ETF, the asset manager would regularly adjust allocation percentages of assets in the basket or replace them with new ones based on market realities.
The T. Rowe Price ETF is not the first fund offering exposure to Dogecoin, the largest meme coin by market cap. The token has several ETFs tracking its performance on traditional exchanges. For context, Grayscale, Bitwise, and 21Shares have all launched DOGE ETFs in the US.
Nonetheless, its inclusion in the T. Rowe Price Active Crypto ETF continues to highlight its establishment as a prominent asset in the crypto space.
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