Shiba Inu Gets First Spot ETF Filing in the US by $1.7T Asset Manager

Global investment manager T. Rowe Price has made a bold move on a Shiba Inu ETF.

Specifically, the firm has filed a Form S-1 registration statement with the U.S. SEC to launch its Active Crypto ETF, a fund that will track the prices of leading crypto assets, including Shiba Inu.

Notably, the Active Crypto ETF seeks to outperform the FTSE Crypto US Listed Index ETF over the long term through an active investment strategy, rather than passively tracking a benchmark

In the meantime, it listed Shiba Inu among the assets that meet the fund’s eligibility standards. Other cryptocurrencies listed include Bitcoin, Dogecoin, Ethereum, XRP, Solana, Cardano, Avalanche, Litecoin, Chainlink, Polkadot, among others

If Shiba Inu is included in the fund’s initial portfolio, T. Rowe would buy and hold the token, giving institutional investors indirect exposure to SHIB for the first time through a Wall Street investment vehicle

Potential Impact on SHIB

Moreover, Shiba Inu’s inclusion in an SEC filing by T. Rowe Price, a leading investment firm managing over $1.77 trillion in assets, further enhances the token’s credibility beyond its meme origins.

If selected in the initial portfolio, a portion of the fund’s inflows will be used to buy SHIB, potentially increasing demand for the token and ultimately supporting its price appreciation

Meanwhile, the filing offered insights into the SHIB token and the broader Shiba Inu ecosystem, describing SHIB as the most widely available token within the network. It also highlighted other ecosystem assets, including BONE, LEASH, and TREAT, as well as key projects such as Shibarium and ShibaSwap

T Rowe Shiba Inu ETF filing## First ETF Recognition in the US

The filing has drawn significant attention from the Shiba Inu community since its release. While SHIB already has a regulated ETP in Europe through Valour’s SEK-denominated offering, this marks the first instance of a U.S. SEC-registered ETF recognizing SHIB as an eligible investment asset

U.S.-based asset managers have long overlooked SHIB in favor of assets like Bitcoin, Ethereum, XRP, and even rival meme coins such as Dogecoin and Bonk. However, the recent T. Rowe Price filing marks the first time Shiba Inu could be included in a U.S.-listed ETF

While SHIB does not yet have an ETF dedicated solely to it, this milestone represents a major step forward.