T. Rowe Price, a $1.7 trillion asset manager, has submitted an S-1 registration with the U.S. Securities and Exchange Commission for a multi-asset Spot Crypto ETF that includes Shiba Inu (SHIB) for the first time in a regulated exchange-traded fund. The proposal outlines an actively managed fund designed to outperform a benchmark tracking America's ten most valuable digital currencies, with flexibility to shift weightings between tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and SHIB based on market conditions.
Shiba Inu ecosystem strategist LucieSHIB hailed the move as historic, emphasizing that SHIB's inclusion alongside major cryptocurrencies signals its evolution from a meme to a recognized digital asset with global reach. The filing also references the broader Shiba ecosystem, including Shibarium, ShibaSwap, and related tokens such as LEASH, BONE, and TREAT, indicating institutional recognition beyond speculation.
The timing is striking as the filing occurred during a partial U.S. government shutdown, yet the crypto ETF pipeline remains active. Recent launches like the Bitwise Solana ETF (BSOL) and Grayscale's GSOL have captured billions in inflows, and market watchers note a regulatory quirk that could fast-track T. Rowe Price's ETF, making it effective after 20 days unless the SEC intervenes. Bloomberg Intelligence analysts suggest this may intensify competition among asset managers seeking first-mover status.
Bitwise CEO Hunter Horsley described the current environment as the most constructive moment digital assets have ever seen, with regulators appearing committed to expanding investor access. If approved, the ETF would not only establish the first U.S. Shiba Inu ETF but also reinforce institutional capital's willingness to embrace assets once dismissed as speculative, marking a cultural shift on Wall Street.
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