💥 Shiba Inu has submitted its first Spot ETF application in the United States, launched by an asset management company with a market capitalization of $1.7 trillion.

Specifically, the company has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission, planning to launch its actively managed cryptocurrency ETF, which will track the prices of major crypto assets including Shiba Inu.
It is worth noting that actively managed cryptocurrency ETFs aim to outperform the FTSE Cryptocurrency US Listed Index ETF over the long term through active investment strategies, rather than passively tracking the benchmark.
At the same time, it lists Shiba Inu as an asset that meets the eligibility criteria for the fund. Other listed cryptocurrencies include Bitcoin, Dogecoin, Ethereum, XRP, Solana, Cardano, Avalanche, Litecoin, Chainlink, Polkadot, and others.
If Shiba Inu is included in the initial investment portfolio of the fund, T. Rowe will purchase and hold the token, thereby allowing institutional investors to indirectly access SHIB for the first time through Wall Street investment tools.
🔸 Potential Impact on SHIB
In addition, Shiba Inu has been included in SEC filings by T. Rowe Price, a leading investment firm managing more than $1.77 trillion in assets, further enhancing the credibility of the token beyond its meme origins.
At the same time, the document also provides insights into the SHIB token and the Shiba Inu ecosystem, describing SHIB as the most widely circulated token in the network. The document also highlights other ecosystem assets, including BONE, LEASH, and TREAT, as well as important projects such as Shibarium and ShibaSwap.
🔸 Became the first to receive ETF recognition in the United States
After the release of this document, it received widespread attention from the Shiba Inu community. Although SHIB has been regulated in Europe through Valour's ETF priced in Swedish Krona, this is the first time an ETF registered with the U.S. Securities and Exchange Commission has listed SHIB as a qualified investment asset.
U.S. asset management companies have long favored assets such as Bitcoin, Ethereum, XRP, and even competing meme coins like Dogecoin and Bonk. However, the recent application by T. Rowe Price marks the first time Shiba Inu is expected to be included in an ETF listed in the U.S.
#SHIB #Shiba Inu
{spot}(SHIBUSDT)