SHIB welcomes new progress in institutional recognition!



Shiba Inu has just been included in the Grayscale-FTSE crypto asset framework's "Consumption and Culture" sector. What does this mean?

Key Information:
• SHIB and DOGE are the only two crypto assets in this sector.
• Meet the SEC General Listing Standards (GLS) and qualify for the launch of spot ETPs.
• Grayscale report confirms that the project fundamentals of SHIB are solid.

Background: After the SEC approved the GLS framework in September, exchanges can now list crypto ETPs more flexibly. Currently, Solana and Litecoin have spot ETF trading, while Cardano, XRP, Dogecoin, and others are still awaiting approval.

There is currently no independent spot ETF application for SHIB, but T. Rowe Price recently mentioned that it may be included in an actively managed crypto ETF. In Europe, there are already SEK-based SHIB tracking ETP products.

Can this framework qualification be converted into an actual ETF launch? We still have to wait for progress, but at least it shows that institutions are looking at SHIB.
SHIB3.09%
DOGE1.24%
SOL4.81%
LTC3.64%
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