Global asset manager T. Rowe Price, overseeing more than $1.77 trillion in assets, has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch an actively managed crypto exchange-traded fund (ETF). The proposed fund lists Shiba Inu among eligible assets, marking the token’s first potential inclusion in a U.S.-listed ETF.
BTC, ETH, SOL, and Others in Proposed ETF Filing
According to the filing, the T. Rowe Price Active Crypto ETF aims to outperform the FTSE Crypto US Listed Index through an active management strategy. This approach gives the firm flexibility to adjust holdings, rebalance portfolios, or modify exposure to specific cryptocurrencies depending on market conditions.
The fund plans to hold a basket of 5 to 15 crypto assets, though the filing allows discretion to include fewer or more depending on strategy. Among the listed eligible assets are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Litecoin (LTC), Polkadot (DOT), and notably Shiba Inu (SHIB).
If Shiba Inu is included in the ETF’s final portfolio, it means that T. Rowe Price would buy and hold SHIB, giving institutional investors indirect exposure to the token through a regulated Wall Street product for the first time.
This represents a critical moment for Shiba Inu, which began as a meme coin but has since expanded into a full ecosystem with Shibarium (its Layer-2 network), ShibaSwap, and tokens such as BONE, LEASH, and TREAT.
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Is There Any Chance of SHIB ETF Approval?
Shiba Inu’s inclusion in a U.S. SEC filing is a major step toward institutional recognition. Until now, U.S.-based asset managers had largely overlooked SHIB token in favor of larger cryptocurrencies like Bitcoin and Ethereum, or even meme competitors such as Dogecoin.
If selected in the ETF’s initial basket, inflows to the fund could lead to direct purchases of SHIB, potentially increasing demand and improving liquidity.
However, approval of the ETF itself is not guaranteed. Inclusion of SHIB in the final portfolio will depend on market conditions and the manager’s discretion.
This filing follows the launch of a regulated Shiba Inu Exchange-Traded Product (ETP) in Europe. In August 2025, Valour Inc. introduced the Shiba Inu (SHIB) ETP on Sweden’s Spotlight Exchange. This offered investors in Sweden, Finland, Norway, and Denmark exposure to SHIB through traditional brokerage accounts. The ETP tracks SHIB’s price and charges a 1.9% management fee.
Despite growing interest, the U.S. SEC has not approved Shiba Inu ETF as of late 2025. The SEC has historically been cautious regarding crypto ETFs. This has historically been the case for those tied to meme-based assets with limited institutional backing.
