After the U.S. Securities and Exchange Commission approved the rule change application submitted by NYSE Arca for the T. Rowe Price Active Crypto ETF, the range of investable assets for this actively managed crypto fund expanded to 15. Foreign media reported that two meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE), have been added to the list.
Investable assets expanded to 15 types
According to the disclosure filed on June 12, the 15 crypto assets approved for inclusion in this ETF are: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Litecoin, Polkadot, Dogecoin, Hedera, Bitcoin Cash, Chainlink, Stellar, Shiba Inu, and Sui.
This means that institutional clients can now access a broader range of assets through a single product, extending beyond major cryptocurrencies to include altcoins and meme coins. For SHIB and DOGE, their inclusion in the institutional product pool enhances their visibility within traditional asset management channels.
The extent of SHIB benefits depends on the allocation ratio.
However, foreign media commentary suggests that whether SHIB can gain significant additional funding from this ETF ultimately depends on its actual allocation weight. T. Rowe Price manages approximately $1.8 trillion in assets, but this ETF does not imply that funds will be evenly distributed across all tokens.
Based on this assessment, the majority of the fund's positions are more likely to be concentrated in Bitcoin and Ethereum, with the remaining assets sharing the leftover allocation. Even if SHIB is included, the final inflow volume is likely to constitute only a small portion of the overall funds.
Beyond institutional funds, trading volume remains key.
The article argues that ETF inclusion alone is insufficient to drive sustained strength in SHIB. Without broader market participation, the marginal impact of institutional funds may be limited. In particular, if market demand is inadequate during subsequent position adjustments, price volatility could be amplified.
Foreign media also noted that SHIB’s market performance still heavily depends on sentiment and trading activity, rather than clear fundamental changes. Therefore, this inclusion is more about expanding the range of assets available to institutional investors; whether it will translate into sustained price support will depend on actual subscription volumes and market trading activity going forward.