Grayscale lists Shiba as one of the assets eligible for spot ETF listing

Jinse Finance reported that Grayscale Investments has listed Shiba Inu as one of the cryptocurrencies eligible for listing on US spot exchange-traded funds (ETFs). Grayscale Investments mentioned this news in a recent blog post titled "Market Byte: Here Come the Altcoins." Following the launch of bitcoin and ethereum ETFs, Grayscale Investments acknowledged that the process for launching similar ETF products for altcoins such as Shiba Inu has now been simplified. The report shows that the launch of the first bitcoin spot exchange-traded product (ETP) took more than ten years—from the initial proposal in 2013 to final approval in January 2024. However, the "Generic Listing Standards" (GLS) framework approved by the US Securities and Exchange Commission (SEC) has now accelerated the pace of launching cryptocurrency exchange-traded products (ETPs).