'No SHIB ETF Yet, but Well on Track,' Shiba Inu Veteran Explains Potential

There is no dedicated spot ETF for Shiba Inu in the United States yet, but while it waits for this milestone, it expands its footprint through a European exchange-traded product, regulated access in Japan, and newly available futures exposure in Canada.

Mazrael, a longstanding Shiba Inu community member, noted this fact in response to a question about the current status of a Shiba Inu ETF.

Mazrael said that while $SHIB doesn't have an ETF yet, it is "well on track." He cited various developments as evidence that Shiba Inu is on the right road despite the lack of a dedicated ETF.

Shiba Inu well on track

Mazrael highlighted that Shiba Inu was among eligible assets named in the prospectus of T. Rowe Price's TKNZ, which the SEC approved in June 2026. According to T. Rowe Price's S-1 filing, the ETF could hold several cryptocurrencies but will not hold all of these assets at once. Under normal circumstances, the ETF plans to maintain between five and fifteen crypto assets at a time, using an active management strategy rather than tracking a single token or passively following a benchmark.

The T. Rowe Price ETF launched with eight coins excluding $SHIB: Bitcoin, Ethereum, BNB Chain, Solana, XRP, Chainlink, Dogecoin, and Cardano.

In a separate development, Laser Digital Japan, the Japanese entity of Nomura's digital assets subsidiary, Laser Digital, announced in August that it had completed its registration and was authorized to operate as a crypto asset exchange service provider under Japan's Payment Services Act. The development could boost Shiba Inu's status in Japan, as it is among the six crypto assets listed by the exchange.

In Europe, Valour $SHIB ETP has launched and is tradable. In another development, Coinbase introduced regulated crypto futures trading to eligible Canadian clients through its CFTC-registered futures arm. The offering includes 23 crypto futures contracts; among them is Shiba Inu ($SHIB).

Mazrael sums up these developments, saying, "One live ETP in Europe, one approved US ETF that can hold it, regulated spot access in Japan. Doge got its dedicated spot ETFs first. $SHIB's route in was the commodity classification. Oh, and futures that just opened in Canada. No ETF yet. But well on track."