The Shiba Inu ecosystem is witnessing dual developments, with technical progress on its Layer-2 network, Shibarium, coinciding with significant institutional interest. The Shibariumscan explorer has reported that 45% of blocks are now indexed, marking a notable improvement from the previously reported 41%. This indexing is a critical part of the ongoing restoration process following a server migration in February aimed at enhancing performance and reliability.
"With 45% of the blocks on Shibarium indexed, the counts for total blocks, transactions and wallet addresses might not be totally accurate," the report notes, highlighting that data accuracy is still in flux. The indexing delays were previously linked to display issues where certain tokens and NFTs were not showing correctly on Shibariumscan or within wallet NFT tabs, a problem community members (Shibizens) attributed to a temporary bridge update.
Concurrently, a major institutional development has emerged. Asset management giant T. Rowe Price, which oversees approximately $1.8 trillion in assets, has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its planned Price Active Crypto ETF. The filing reveals the fund is designed to hold a broad set of digital assets, and notably, Shiba Inu (SHIB) is included among the listed assets. This actively managed ETF aims to provide investors with diversified exposure to the crypto market.
Market-wise, SHIB was trading around $0.000006, down roughly 2% in the last 24 hours amidst mixed broader crypto market sentiment. Traders' focus remains split between these ecosystem developments and the ongoing Federal Reserve meeting, where the CME FedWatch tool prices a 95% probability of interest rates being held steady between 3.5% and 3.75%.
