Shiba Inu’s potential ETF has attracted new interest in the US. Asset managers have shown interest in rival altcoins like Solana and XRP. However, SHIB is yet to receive an official filing. Community figure Luis Delgado has outlined what is needed to make an SHIB ETF feasible.
Three key criteria for the approval of SHIB ETF
Delgado – known as Del Crxpto in the Shiba Inu Community – stated that the introduction of SHIB ETF is more than just filing documents with the Securities and Exchange Commission. He explained in a post on X that any applications would have to meet three conditions.
He said that the first thing regulators look for is “a clean name” – a brand which has a strong reputation and is trusted by consumers. He did note that Shiba Inu’s pseudonymous team of developers may cause problems. He said that to overcome this obstacle, an ETF would have to be sponsored by a recognized and reputable asset manager.
Delgado said that institutional investors and regulators would be looking for a leader with proven leadership experience. He suggested that, given SHIB’s reputation as an industry meme coin and the fact it is a popular joke on social media, only industry leaders with proven experience could give legitimacy to this process.
Delgado concluded by highlighting the importance of a complete compliance strategy. Delgado said that he would structure any proposal carefully in order to align it with U.S. Securities Regulations. The SEC approval would be impossible without this framework.
Shiba Inu Investment Products Growing in Popularity
Delgado revealed that several firms were already prepared to participate in the competition to launch a SHIB ETF. He confirmed that he was one of the candidates, and said that he met all three criteria he outlined. He admitted, as he expressed his confidence in his future chances, that several funds would likely pass through.
Analysts have noted that, even though there has not been an official registration of a U.S. SHIB ETF yet, recent events could be a stepping stone. Coinbase recently launched the 1k Shib Index – a SHIB futures contract that is regulated. Members of the community saw the move as an important prelude to a future exchange-traded funds.
Europeans are already familiar with the token through a regulated investment product. Valour, Sweden’s largest ETP, has recently launched a SHIB-focused fund on Spotlight Stock Market. This listing gave European investors the opportunity to track Shiba Inu’s performance in a controlled environment.
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