Shiba Inu gains Japan access, no SHIB ETF exists
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Japan’s new crypto framework has strengthened Shiba Inu’s position, yet no SHIB exchange-traded fund exists as of September 7. Parliament passed legislation on July 15, promulgated as Law No. 64 on July 23, bringing crypto assets closer to the Financial Instruments and Exchange Act used for stocks. This law strengthens disclosure and trading rules but does not automatically approve an ETF for Bitcoin, Shiba Inu, or any other asset.
SHIB appears on the Japan Virtual and Crypto Assets Exchange Association’s Green List, handled by nine member companies compared to 29 for Bitcoin and 28 for Ether. Inclusion requires handling by at least three members and a six-month trading history, which simplifies exchange reviews but does not guarantee ETF eligibility. Mercari subsidiary Mercoin added SHIB access on June 8, expanding retail availability through the Coincheck service.
A community commentator described the Green List designation as giving SHIB a “head start,” though this remains an interpretation rather than a formal conclusion. The legislation creates a foundation for regulated funds, but specific ETF listings are forecast for 2027 at the earliest. Tax reform remains incomplete, with a proposed 20% separate tax rate targeted for 2028. SHIB traded at $0.0000055 at press time, reflecting an 8% increase over the past seven days.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 7 September 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000005530 with a 1-hour buy ratio of 45.6% and a 4-hour buy ratio of 51.9%, compared to a 24-hour ratio of 47.9%. The 1-hour volume delta is negative at -$12,867, while the 4-hour delta is positive at +$17,263, indicating that short-term selling pressure is currently outweighing buying pressure. Over the full 24-hour period, the volume delta stands at -$117,127 with a cumulative volume delta of -$72,536 at close, confirming net selling flow. The buy ratio measures the proportion of trades executed by buyers versus sellers, while the volume delta represents the net value of those trades. A negative delta signifies that sellers are more aggressive than buyers in terms of volume value. Buying pressure appears to be fading in the immediate short term, as the 1-hour ratio drops below the 24-hour average.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 47.8%, making today’s 24-hour ratio of 47.9% nearly identical to the weekly norm. Spot volume for the 24-hour period was $2,786,628, which is 0.72 times the weekly average, indicating significantly lower than usual trading activity. Net buying occurred on only one of the past seven days, suggesting this is an ordinary day for the coin with minimal sustained accumulation. The 8-day price change was +11.5%, contrasting with a total volume delta of -$1,311,777 for the same period. This context shows that despite the price increase, the broader weekly trend has been dominated by net selling pressure.