The U.S. Securities and Exchange Commission (SEC) has approved new listing standards that could lead to the creation of a spot Shiba Inu (SHIB) ETF. This development follows the trading of SHIB futures contracts on the CFTC-regulated Coinbase Derivatives exchange for over a year, meeting the SEC's criteria. The new rule allows exchanges to list crypto exchange-traded products (ETPs) without lengthy approval processes if the asset has a futures contract trading for at least six months on a CFTC-regulated market. Greg Benhaim, Executive Vice President of Product at 3iQ, noted that while the SEC's decision is a positive step, it may pose challenges for issuers and retail investors due to the potential influx of new crypto ETFs. He highlighted the difficulty for average investors in distinguishing between various crypto ETFs, such as those for AVAX and ADA. The rule change signifies a shift in the U.S. market, where the market itself will now act as the primary filter for determining the viability of crypto investment products.