Shiba Inu Insider Says SHIB Is on Track for a Dedicated Spot ETF

Shiba Eternity Advisor Mazrael says Shiba Inu has made significant progress toward gaining broader access to regulated exchange-traded products.

Mazrael made the remarks while responding to a Shiba Inu community member seeking an update on the possibility of a U.S. $SHIB ETF.

In response, Mazrael acknowledged that Shiba Inu still lacks a dedicated U.S. spot ETF. Nonetheless, he pointed to developments across the United States, Europe, Japan, and Canada as signs that $SHIB is gradually moving closer to that milestone.

$SHIB Gains Exposure Through T. Rowe Price’s ETF

Mazrael identified the T. Rowe Price Active Crypto ETF (TKNZ) as one of the most significant developments for $SHIB.

T. Rowe Price launched TKNZ on NYSE Arca on July 16, 2026, as an actively managed, multi-token spot crypto exchange-traded product. Instead of tracking a single cryptocurrency, the fund selects assets from an eligible universe and can hold a basket of digital assets.

Notably, $SHIB appeared among the eligible assets listed in the fund’s July prospectus. This gives institutional investors a regulated U.S. investment vehicle that can potentially provide exposure to $SHIB. However, $SHIB was not among the assets featured at the fund’s initial launch.

Europe and Japan Expand Regulated $SHIB Access

Meanwhile, Mazrael highlighted Valour’s $SHIB ETP in Europe, which trades under the ticker 1VBS on the Spotlight Stock Market.

He also pointed to $SHIB’s regulated spot access in Japan through Nomura’s Laser Digital following registration with the Japanese Financial Services Agency. Although the Japanese product is not an ETF, Mazrael considers the listing another important step toward expanding regulated investment access to $SHIB.

Furthermore, Mazrael noted the growing availability of $SHIB derivatives in Canada. Regulatory filings confirmed the certification of Shiba Inu-related futures products in 2026, including a $SHIB/USD futures product and a $SHIB perpetual futures contract.

More recently, Coinbase’s regulated futures operation added $SHIB to its crypto derivatives offerings for eligible Canadian clients.

While futures differ from spot ETFs, Mazrael believes their availability further demonstrates $SHIB’s expanding presence within regulated financial markets.

$SHIB Is Taking a Different Route From Dogecoin

Mazrael also compared $SHIB’s progress with Dogecoin’s path to the ETF market.

According to him, Dogecoin reached the dedicated spot ETF market before Shiba Inu. However, $SHIB has followed a different route by gradually building eligibility, ETP exposure, regulated spot access, and derivatives infrastructure across multiple jurisdictions.

Therefore, although Shiba Inu still lacks a dedicated U.S. spot ETF, Mazrael believes the groundwork for such a product is increasingly taking shape.

“No ETF yet. But well on track,” Mazrael remarked.