Grayscale Investments has recognized Shiba Inu as one of the cryptocurrencies now eligible for a spot exchange-traded fund (ETF) in the United States, following regulatory changes that simplify the listing process for digital assets.
The acknowledgment came in Grayscale’s latest report dubbed Market Byte: “Here Come the Altcoins,” which explores the next wave of potential ETF candidates after Bitcoin and Ethereum.
Crypto Assets Expected to Qualify for Spot ETPs Based on Generic Listing Standards:@Ripple $XRP @solana $SOL @dogecoin $DOGE @Cardano $ADA @chainlink $LINK @bitcoincashorg $BCH @StellarOrg $XLM @avax $AVAX @litecoin $LTC @hedera $HBAR @Shibtoken $SHIB @Polkadot $DOT
— Grayscale (@Grayscale) November 1, 2025
The move follows the U.S. SEC’s approval of the Generic Listing Standards (GLS) framework in September 2025. Under the GLS model, exchanges can list spot crypto ETFs without individual approval for each token, provided the assets meet established regulatory and liquidity requirements. Grayscale noted that the updated process streamlines ETF creation and reduces the delays experienced during Bitcoin’s path to approval.
Altcoins Enter the ETF Spotlight
According to Grayscale, at least 11 crypto assets now qualify for spot ETF consideration. The list includes Shiba Inu, Dogecoin, XRP, Cardano, Polkadot, Avalanche, Solana, Hedera, and Litecoin. Altcoins like Solana and Litecoin, which currently have spot ETFs tracking their performance, were also included in the list.
Grayscale’s analysis shows that Shiba Inu’s growing network and investor community positions it among viable candidates for institutional exposure. However, no asset manager has yet filed a dedicated application for a Shiba Inu-only ETF in the U.S.
The closest step came from T. Rowe Price, which in October submitted a filing for an Active Crypto ETF capable of holding up to 15 digital assets, including SHIB. Shiba Inu’s marketing lead Lucie also commented on the development in a recent X post.
Big News for SHIB!
T. Rowe Price a huge $1.7 trillion investment company just filed paperwork with the U.S. SEC to launch a new crypto ETF.
Guess what’s on the list of coins it can hold? Shiba Inu (SHIB) 🐶That means one of the biggest names in traditional finance officially…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 30, 2025
While U.S. regulatory progress is ongoing, Europe has moved faster in offering institutional exposure to Shiba Inu. Swedish ETP issuer Valour Inc. launched a SEK-denominated product earlier this year, allowing investors to trade a fund directly linked to SHIB’s price performance. The listing provided European institutions an entry point into one of the most popular meme tokens, without requiring them to hold the asset directly.
The Shiba Inu community has long advocated for a dedicated ETF tracking only SHIB. A Change.org petition addressed to Grayscale has surpassed 11,700 signatures, calling for the firm to introduce such a product.
Grayscale has yet to indicate plans to launch a SHIB-specific product. Nonetheless, its recent acknowledgment of Shiba Inu’s eligibility under the GLS framework marks the first formal recognition from a leading U.S. asset manager that the token meets the technical and regulatory standards for consideration as an ETF.
The CoinRemark Team
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