The cryptocurrency space endured selling pressure today, with optimistic news like the latest Fed rate cut and Trump’s meeting with China’s Xi Jinping failing to trigger anticipated rebounds.

The market value of all digital currencies plunged by over 4% the previous 24 hours to $3.64 trillion.

Bitcoin continued to dip, now trading below $108,000 as Ethereum wavered at $3,680.

T. Rowe Price applies for crypto ETF featuring Shiba Inu

News of T. Rowe Price filing to launch a cryptocurrency exchange-traded fund that could feature Shiba Inu flooded the meme token sector.

The American-based investment manager boasts over $1.7 trillion in assets, and proposed an ETF that offers exposure to top cryptocurrencies, including Bitcoin, Ethereum, Solana, and, of course, Shiba Inu.

Shiba Inu’s lead Lucie took it to X to celebrate the news, which opens the path for SHIB to gain real-world utility and legitimacy, writing:

That means one of the biggest names in traditional finance officially included SHIB in its ETF filing, right next to Bitcoin, Ethereum, and Solana.

𝐋𝐔𝐂𝐈𝐄

@LucieSHIB

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Big News for SHIB!

T. Rowe Price a huge $1.7 trillion investment company just filed paperwork with the U.S. SEC to launch a new crypto ETF.
Guess what’s on the list of coins it can hold? Shiba Inu (SHIB) 🐶

That means one of the biggest names in traditional finance officially

3:16 pm · 30 Oct 2025

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