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. With this strategy, T. Rowe will have the flexibility to adjust portfolio weightings, add new crypto assets, or reduce exposure to certain tokens based on market conditions or momentum. According to the filing, the proposed ETF will hold a basket of 5 to 15 cryptocurrencies. Notably, it indicated that the ETF could hold either more than 15 crypto assets or fewer than 5. 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. 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.