Grayscale lists Shiba as one of the assets that meet the criteria for spot ETF listing

Grayscale Investments has listed Shiba Inu as one of the cryptocurrencies that meet the listing requirements for a U.S. spot exchange-traded fund (ETF). Grayscale mentioned this in a recent blog post titled "Market Byte: Here Come the Altcoins." Following the launch of Bitcoin and Ethereum ETFs, Grayscale acknowledged that the process for launching similar ETF products for altcoins like Shiba Inu has been streamlined.

The report indicates that the launch of the first Bitcoin spot exchange-traded product (ETP) took over a decade— from the initial proposal in 2013 to final approval in January 2024. However, the "Generic Listing Standards" (GLS) framework approved by the U.S. Securities and Exchange Commission (SEC) has now accelerated the launch of cryptocurrency exchange-traded products (ETPs).