Shiba Inu Spotlighted in U.S. SEC Filing—SHIB to The Moon? ⋆ ZyCrypto

Shiba Inu Sees Trillions In Accumulation Spree By Mysterious Whales As $0.001 SHIB Price Beckons

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Global investment manager T. Rowe Price has taken a step forward through its new Active Crypto ETF filing with the U.S. SEC, spotlighting Shiba Inu (SHIB) among the listed digital assets. If approved, this would be the first time SHIB features in a U.S.-registered ETF, potentially positioning the meme-inspired token for greater institutional visibility.

The fund’s structure has an active investment approach, designed to outperform the FTSE Crypto US Listed Index ETF. Unlike passive funds that mirror market indices, this ETF lets managers adjust holdings according to shifts in market conditions.

It will hold between five and fifteen cryptocurrencies, including Bitcoin, Ethereum, Solana, Dogecoin, XRP, Cardano, Avalanche, and Polkadot, with Shiba Inu earning a seat among these high-profile names.

If Shiba Inu enters the ETF’s initial portfolio, T. Rowe Price would directly purchase and hold SHIB. With over $1.77 trillion in assets under management, the firm’s endorsement could serve as a credibility boost for the Shiba Inu ecosystem, which already includes tokens like BONE, LEASH, and TREAT, as well as projects such as Shibarium and ShibaSwap.

Analysts suggest that the ETF’s recognition may trigger renewed interest and potentially boost SHIB demand over time.

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Meanwhile, market data reveals something more nuanced. SHIB trades at $0.000009 with a $5.4 billion market cap, down 7% over the past month amid a “fear” sentiment across the crypto market.

Shibarium, SHIB’s layer-2 network, is struggling with low adoption, with a TVL below $1 million, despite introducing upgrades like auto-burn mechanics that aim to reduce supply. There’s also the issue of volatility, as whales actively move billions of SHIB tokens, and meme coin interest drops from 20% to just 2.5%.

While the SEC filing signifies institutional recognition, SHIB’s future still depends on real-world adoption of its upgrades, ecosystem growth, and whether the market shifts back in favor of meme coins.



Source: https://zycrypto.com/shiba-inu-spotlighted-in-u-s-sec-filing-shib-to-the-moon/