Longtime Shiba Inu community member Mazrael has provided an optimistic assessment of SHIB's path to dedicated spot ETFs, acknowledging that Shiba Inu still lacks a dedicated U.S. spot ETF while emphasizing significant progress across multiple jurisdictions. Speaking to a Shiba Inu community member seeking ETF updates, Mazrael pointed to developments across the United States, Europe, Japan, and Canada as signs that SHIB is gradually moving closer to that milestone. According to Mazrael, SHIB was not among the assets featured at the initial launch of the T. Rowe Price Active Crypto ETF, but its inclusion in the fund's July prospectus provides institutional investors with a regulated U.S. investment vehicle that can potentially provide exposure to SHIB. The community member had specifically inquired about ETF prospects, to which Mazrael responded by highlighting the broader regulatory developments as evidence of SHIB's gradual movement toward ETF approval.
Recent developments across multiple jurisdictions demonstrate Shiba Inu's expanding regulated investment access. T. Rowe Price launched the TKNZ Active Crypto ETF on NYSE Arca on July 16, 2026, featuring an actively managed, multi-token spot crypto exchange-traded product that selects assets from an eligible universe. Notably, SHIB appeared among the eligible assets listed in the fund's July prospectus, providing institutional investors with a regulated U.S. investment vehicle for potential SHIB exposure. In Europe, Valour's SHIB ETP trades under ticker 1VBS on the Spotlight Stock Market. Additionally, Mazrael highlighted SHIB's regulated spot access in Japan through Nomura's Laser Digital following registration with the Japanese Financial Services Agency, though this product is not technically an ETF. Meanwhile, Coinbase's regulated futures operation added SHIB to its crypto derivatives offerings for eligible Canadian clients, with regulatory filings confirming certification of Shiba Inu-related futures products in 2026, including a SHIB/USD futures product and a SHIB perpetual futures contract.
Shiba Inu appears on the Japan Virtual and Crypto Assets Exchange Association's Green List, which identifies crypto assets handled by member companies and satisfies four conditions including trading history of at least six months. As reported by crypto.news, the September 1 list shows nine member companies handling SHIB, compared with 29 for Bitcoin, 28 for Ether and 19 for XRP. In November 2025, the Japan Virtual and Crypto Assets Exchange Association (JVCEA) included Shiba Inu on its regulatory "Green List" along with BTC and ETH. Mercari subsidiary Mercoin officially added access to SHIB and 11 other assets on June 8, expanding retail availability through the Mercari application with Coincheck. According to Mazrael, the Green List provides significant advantages including eligibility for 8+ licensed Japanese exchanges when the bar is 3, same tier classification as BTC and ETH, and tax benefits with gains dropping from up to 55% tax to a flat 20%. Mazrael summarized these developments, noting that Mercari lists SHIB to 23 million users with 4 million crypto accounts there now, 85% opened by people who never traded before.
According to crypto.news reports, SHIB traded at $0.0000055 at press time, indicating an 8% increase in the past 7 days and 17% in the past month. The asset's inclusion on the Green List provides a foundation for broader regulated exchange access, though it does not guarantee ETF approval. As reported by U.Today, Mazrael emphasized that eligibility remains the hard part, representing a hurdle for most crypto assets - "Eligibility first, ETF later." The distinction between Green List inclusion and ETF eligibility remains crucial, as the former simplifies exchange reviews while the latter requires additional regulatory framework and market infrastructure. Mazrael noted that SHIB still lacks a dedicated U.S. spot ETF, but believes the groundwork for such a product is increasingly taking shape through the various regulated investment vehicles across multiple jurisdictions. Mazrael also compared SHIB's progress with Dogecoin's path to the ETF market, noting that Dogecoin reached the dedicated spot ETF market before Shiba Inu, but SHIB has followed a different route by gradually building eligibility, ETP exposure, regulated spot access, and derivatives infrastructure across multiple jurisdictions.
