SEC Greenlights Meme Coin ETF Featuring Dogecoin and Shiba Inu

The Securities and Exchange Commission (SEC) has given approval for T. Rowe Price's new actively managed crypto ETF, which includes both Dogecoin (DOGE) and Shiba Inu (SHIB). This marks a significant milestone for the SHIB army as it is the first U.S.-listed ETF to offer direct exposure to Shiba Inu coin.

The eligible basket includes 15 major assets, with estimates suggesting that DOGE will take a meaningful slice of around 4-6% of the portfolio in early allocations. Meanwhile, SHIB is likely to hold a smaller but still notable position of around 1-3%, making it the first regulated product giving traditional investors easy access to the doge's wilder cousin.

T. Rowe Price manages over $1.8 trillion in assets and their decision to include meme coins in a regulated ETF is a significant signal that what used to be dismissed as 'internet jokes' is now being taken seriously by traditional finance.