Grayscale Investments, in partnership with FTSE Russell, has formally recognized Shiba Inu (SHIB) by including it in the Consumer & Culture category of its FTSE Grayscale Crypto Sector Index Series. This development, announced in Grayscale's October 2025 Market Byte publication, marks a significant endorsement for the memecoin, which now joins other tokens like ImmutableX (IMX), Decentraland (MANA), and ApeCoin (APE) in this sector.
The Consumer & Culture classification, part of a framework launched on October 24, 2023, aims to categorize crypto assets beyond Bitcoin and Ethereum, focusing on projects that drive consumption-centered activities such as digital art, NFTs, gaming, and social networks. SHIB, with a market cap of approximately $5.66 billion, is highlighted alongside Dogecoin (DOGE) as the only two assets in this sector that meet the U.S. Securities and Exchange Commission's (SEC) Generic Listing Standards (GLS) for potential spot exchange-traded products (ETPs). The GLS framework, approved in September 2025, allows exchanges to list crypto ETPs without individual SEC approval if tokens meet specific criteria, such as trading on markets in the Intermarket Surveillance Group or having futures contracts listed on regulated exchanges for at least six months.
Lucie, SHIB's marketing lead, celebrated this inclusion in an X post, stating, "The foundation is strong, the vision alive, and the future ahead REAL AS EVER." She emphasized that this recognition from a leading digital-asset manager and major index provider underscores the project's resilience and community engagement. However, despite this positive news, SHIB has faced recent price declines, dropping 5.65% in 24 hours, 7.3% over the past week, and 22.3% over the last month.
In related developments, the Shiba Inu team has been actively working on ecosystem improvements, such as shutting down the legacy public Shibarium RPC endpoint to enhance decentralization and reduce single points of failure. Additionally, ongoing token burns have reduced the initial supply by 410.75 trillion SHIB, leaving a circulating supply of 589.25 trillion, with a recent 24-hour burn rate surge of 957.88% removing 11.3 million SHIB from circulation. While no dedicated SHIB ETF has been filed in the U.S., asset manager T. Rowe Price has expressed interest in including SHIB in its Active Crypto ETF, and Valour Inc. already offers a SEK-denominated ETP for SHIB in European markets.
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