SHIB Price Flat as ETF Inclusion Drives Institutional Recognition

On October 30, 2025, Shiba Inu (SHIB) remained unchanged in 24-hour trading at $0.00000973, despite a 4.61% decline over the past week. The token has continued its downward trajectory over the last month (-17.68%) and the past year (-54.06%). These price trends set the stage for significant news in the token’s institutional journey, particularly with T. Rowe Price’s recent filings.

T. Rowe Price Seeks ETF Approval for SHIB Inclusion

T. Rowe Price, an asset manager overseeing $1.77 trillion in assets, has submitted a Form S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a multicrypto exchange-traded fund (ETF). The filing lists SHIB as one of the potential assets the fund may include, alongside Bitcoin, Ethereum, and Solana. This move represents a pivotal step in the institutional adoption of SHIB, a token that began as a meme coin but has since developed a broader ecosystem with layer-2 solutions and decentralized applications.

The proposed T. Rowe Price Active Crypto ETF aims to outperform the FTSE Crypto US Listed Index by employing an actively managed strategy. This flexibility allows fund managers to adjust holdings based on market conditions, giving the fund a more dynamic approach compared to traditional index-tracking products. SHIB’s inclusion in the potential portfolio signals the token’s increasing legitimacy in the eyes of institutional investors.

SHIB’s Inclusion Reflects Growing Institutional Confidence

T. Rowe Price’s inclusion of SHIB in its ETF filing marks one of the first major institutional recognitions of the token in the U.S. The firm’s decision to feature SHIB alongside major cryptocurrencies like Bitcoin and Ethereum underscores the token’s potential as a diversified component of a crypto portfolio. This filing also aligns with broader regulatory momentum in the sector, as evidenced by the recent approval of ETFs for Solana, Litecoin, and Hedera.

The SHIB ecosystem has also expanded significantly since its 2020 launch, with the creation of Shibarium—a layer-2 scaling solution aimed at reducing transaction costs and improving utility. These developments have helped position SHIB beyond its meme coin roots and into a more functional asset. Institutional inclusion may further drive liquidity and price stability, particularly as SHIB faces ongoing volatility.

Technical Indicators and Market Sentiment

While the institutional filing is a bullish development for SHIB, current technical indicators suggest a bearish outlook. The token is trading near $0.00000973, confined within a descending channel and facing resistance at the 200-day moving average. The relative strength index (RSI) remains below 50 at around 40, indicating weak momentum and a lack of strong buying pressure.

The token also faces significant net outflows, with over 11.7 trillion SHIB tokens removed from exchanges on October 30. This suggests a lack of retail interest and potential accumulation by long-term holders. Analysts note that while supply reductions through burns and withdrawals aim to increase scarcity, they have not yet translated into demand-driven price recovery.

Backtest Hypothesis

To quantify the potential effectiveness of a strategy based on SHIB’s price movements and technical signals, a backtest can be conducted using the proposed approach. Given the token’s small price scale, the backtest engine must avoid division-by-zero errors when calculating returns. The fallback strategy involves treating every confirmed break below $0.0000095 as a signal to open a short-term position, following a prior close above or at $0.0000095.

For exits, the strategy can be structured using one of two rules:1. Time-based Exit: Close the position after a fixed number of calendar days (e.g., 7 or 10).2. Price-based Exit: Close the position when SHIB rebounds back above $0.0000095; if not, force an exit after a time cap (e.g., 10 days).

The time-based exit is a simpler approach that can be used as a baseline. A 10-day maximum holding period would allow for a moderate window to capture short-term price movements without being overly reactive to volatility. Alternatively, a hybrid approach combining a time cap with a price trigger could provide more flexibility while maintaining risk control.