T Rowe Price Lists Shiba Inu in Actively Managed Crypto ETF

T. Rowe Price's amended S-1 filing has added Shiba Inu (SHIB) to its actively managed crypto ETF, making it the first legacy fund manager to list a meme coin alongside blue-chip assets like Bitcoin and Ethereum.

The inclusion of SHIB in the ETF is seen as a validation of the token's legitimacy as a commodity, but it does not address the lack of yield for holders. With 81 trillion SHIB tokens still sitting on exchanges, ETF inflows would need to outpace existing supply overhang before any meaningful price movement materializes.

A decentralized hedge fund has raised over $1 million with its protocol token offering a fixed 2 billion supply and a high-water mark performance fee of just 5%. Stakers can earn up to 80% of the profits, which are then burned permanently. The project has already sold out three phases and is targeting 100x returns.