Shiba Inu Makes FTSE Grayscale Crypto Framework, Now Eligible for Spot ETF

Sean Williams
ShibaInu

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  • SHIB listed in Grayscale’s Consumer & Culture crypto sector.
  • Eligible for spot ETFs under SEC Generic Listing Standards.
  • No standalone U.S. ETF yet, but European ETP available.

The Shiba Inu (SHIB) ecosystem reached a new milestone as its primary token earned inclusion in the FTSE Grayscale Crypto Sectors Framework. Marketing lead Lucie announced the news on X, calling it “good news for SHIB holders.” The framework, developed jointly by Grayscale Investments and FTSE Russell, categorizes cryptocurrencies into niche sectors. SHIB was placed in the Consumer & Culture segment, highlighting its role in community engagement, entertainment, and digital culture.

Previously, this sector included tokens like ImmutableX (IMX), Decentraland (MANA), and ApeCoin (APE), but Shiba Inu had not been listed. Lucie emphasized that this recognition underscores the project’s strong foundation and ongoing vision, signaling confidence in SHIB’s long-term potential.

Shiba Inu Eligible for Spot ETF Listing

Grayscale’s latest report also identifies cryptocurrencies that meet the SEC’s Generic Listing Standards (GLS), making them candidates for spot ETPs. The GLS framework allows exchanges to list crypto ETPs without seeking individual approval for each token, provided they meet certain criteria and have an effective registration statement.

Among the Consumer & Culture sector, only Shiba Inu and Dogecoin currently qualify. Other sectors feature notable names like XRP, Litecoin, Stellar, and Bitcoin Cash (Currencies), Polkadot, Cardano, Solana, and Avalanche (Smart Contracts), and Chainlink (Utilities & Services).

Also Read: Zcash (ZEC) Rallies 933%, Surpassing Monero and Shiba Inu in Market Cap

Shiba Inu’s ETF Prospects

While SHIB qualifies under the GLS framework, there is no standalone spot ETF application in the U.S. yet. Leading asset manager T. Rowe Price has, however, flagged Shiba Inu as a potential candidate for its Active Crypto ETF. Outside the U.S., Valour Inc. already offers a SEK-denominated ETP linked to SHIB’s price, providing European investors a regulated option to gain exposure.

Shiba Inu’s Growing Market Credibility

Shiba Inu’s inclusion in the FTSE Grayscale framework and eligibility for spot ETFs marks an important recognition of its cultural and community influence in crypto. Though a U.S. SHIB ETF remains pending, these developments suggest that SHIB’s presence in regulated markets could expand, solidifying its legitimacy and long-term relevance.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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