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I heard the news that T. Rowe Price plans to add dogecoin and shiba inu to its new crypto ETF. This is interesting because large investment firms have been cautious with such meme coins before, but it seems the popularity of these tokens has made them reconsider their stance.
I don't know what to think about this. On one hand, it shows that crypto is becoming mainstream when even conservative funds are paying attention to it. On the other hand, adding shiba inu to an ETF from such a serious company is a bit strange, considering it's a meme coin. But if T. Rowe Price believes this makes sense for its investors, then the market is probably really changing.
I'm curious how this will affect the prices of these tokens. Such news usually causes movement. Are you already following this?