Shiba Inu's Regulated Access Points Raise Questions for German Investors

Shiba Inu has made significant progress in recent months, with three regulated access points now available. However, for German investors, the situation is more complicated. Despite having a certificate listed on the Spotlight Stock Market in Stockholm, the product is only available through Nordic brokers and settles in Swedish kronor, making it inaccessible through most German custodian banks. The management fee for this product is 1.9 percent a year, which can be a significant cost for investors.

Additionally, the US fund that would be allowed to hold SHIB, T. Rowe Price's TKNZ product, currently holds eight other assets and has not yet invested in SHIB. While this approval is a positive development, it is still unclear when or if the fund will hold SHIB. The Japanese approval, which lists SHIB among six tradable assets, is also a significant milestone for the project.

The lack of a dedicated spot ETF on Shiba Inu in the US and Europe is a key factor in the current situation. The Valour Shiba Inu SEK certificate, which is listed on the Spotlight Stock Market, has a small size of just under $90,000 in assets under management, making it a relatively small and thinly traded product. This can result in wider spreads between bid and ask prices, making it less attractive to investors.

For German investors, the situation is further complicated by the fact that US funds with crypto exposure are not always approved for public distribution in Germany. Many German custodian banks also block purchases of US fund units due to the lack of key information documents required under European law.