Shiba Inu ETF Proposal Gains Traction—Will SHIB Get an Investment Product?
The post Shiba Inu ETF Proposal Gains Traction—Will SHIB Get an Investment Product? appeared on BitcoinEthereumNews.com.
Shiba Inu’s absence from the altcoin ETF filings has sparked calls for action, with market lead Lucie urging asset managers to push for a SHIB exchange-traded fund. Despite the lack of an ETF, institutional interest in Shiba Inu is growing, as Coinbase Derivatives introduced SHIB futures contracts for mainstream financial adoption. A fresh wave of altcoin ETF filings has stirred excitement in the cryptocurrency world, but Shiba Inu remains notably absent from the mix. Shiba Inu market lead Lucie recently called for action, urging asset managers to take steps toward launching a Shiba Inu exchange-traded fund (ETF). In a recent X post, Lucie pressed issuers and sponsors to set the approval process in motion for a fund that would track the price of Shiba Inu. The move comes as institutional investors continue to explore new ways to gain exposure to digital assets beyond Bitcoin and Ethereum. “Wen SHIB ETF?” Lucie asked. While other meme coins like Dogecoin, Bonk, and Official Trump have already seen ETF applications, Shiba Inu, the second-largest meme coin by market capitalization, has yet to receive similar treatment. Meme Coin ETFs Gain SEC Attention The push for a Shiba Inu ETF follows a string of filings for alternative cryptocurrency funds. After the approval of Bitcoin and Ethereum ETFs, asset managers turned their attention to meme coins and other altcoins. Notably, Dogecoin, Bonk, and Official Trump saw ETF applications filed by Osprey Funds and REX Shares in January, surprising many in the crypto space. The U.S. Securities and Exchange Commission (SEC) recently confirmed that meme coins are not considered securities. That clarification has fueled optimism that the approval process for meme coin ETFs may move forward without major hurdles. 🚨NEW: The @SECGov Division of Corporation Finance has just put out guidance on memecoins saying they are NOT securities…
Filed under: News - @ March 1, 2025 8:13 am