Analysts indicate that a Pi Network exchange-traded fund (ETF) is not currently feasible, emphasizing the necessity for genuine price discovery, robust liquidity, regulatory maturity, and regulated custody before any such filing can be considered.
No Pi Network exchange-traded fund currently exists, and no issuer has filed or announced plans for one, according to industry observers and analysis from ActuFinance.
ActuFinance has outlined several critical criteria that Pi Network must meet before institutional interest in an ETF could materialize. These include establishing a reliable public price, achieving stronger trading volume, demonstrating clearer regulatory compliance, and securing a regulated custodian.
Obstacles to a Pi Network ETF
The cryptocurrency would first require a public and widely accepted market price, according to the analysis. While Pi Network currently displays a visible price across multiple platforms, the network has experienced recent fluctuations, as stated by the analysts.
Strong liquidity is another essential requirement for an ETF, the report noted. ETF issuers need sufficient trading volume to efficiently execute large transactions. Pi Network’s (PI) current trading volume remains significantly lower than that of major cryptocurrencies, according to market data.
Regulatory maturity constitutes a necessary component for institutional consideration, the analysts said. Regulators require assets that are verifiable, trackable, and protected against manipulation. Pi Network is continuing to move toward greater transparency and compliance, though additional development is needed to demonstrate institutional-grade maturity, according to the analysis.
A regulated custodian capable of securely storing the tokens would be a mandatory prerequisite for ETF functionality, the report stated. Currently, no traditional financial institution holds Pi Network tokens within a regulated environment. Custodian approval and full network accessibility would be necessary prerequisites, according to ActuFinance.
If Pi Network achieves full listing status, enhanced openness, and greater stability, an ETF structure could theoretically be created, the analysts suggested. Such a product would hold actual Pi tokens managed by a regulated custodian, with regular reporting to ensure transparency. The ETF price would then track Pi Network’s market value, allowing investors to gain exposure through standard brokerage accounts.
Market observers have noted a rumored major network update scheduled for November 28. A MiCA-compliant listing on OKX Europe is expected on November 28, 2025, which could potentially influence trading volume and liquidity, according to industry reports.
The ultimate creation of a Pi Network ETF will depend on the cryptocurrency achieving stable pricing, increased liquidity, regulatory approval, and a trusted custodian arrangement, the ActuFinance analysis concluded.