The post Here’s Why Shiba Inu Still Doesn’t Have an ETF Application Despite Its Size appeared on BitcoinEthereumNews.com.

Shiba Inu has failed to attract the interest of any mainstream asset manager for ETF applications despite being the second-largest meme coin in the market. Notably, Shiba Inu secures this spot with a market cap of over $9 billion, much larger than the rest of the assets below it. Yet, no asset manager has filed for a Shiba Inu ETF. This has triggered concerns, especially as the smaller meme coins continue to secure ETF filings. Shiba Inu Lacks ETF Interest Despite Current Position Since January 2025, asset managers have rushed to file ETF applications tied to meme coins. Dogecoin (DOGE) took the lead, with firms like Rex Shares and Osprey Funds filing to launch DOGE ETFs. Grayscale also filed to convert its existing Dogecoin Trust into an ETF in January, while Bitwise submitted paperwork between January and March. 21Shares also filed for a Dogecoin ETF in April. – Advertisement – TRUMP coin also joined the discussion early in the year. Rex and Osprey included TRUMP in the same round of filings as DOGE. In addition, BONK, a Solana-based meme token, gained attention from both firms as well.  By March, Canary Capital applied for a PENGU ETF. This marked another step in the rising trend of meme coin ETFs, even for coins with smaller followings and less market share than SHIB. For context, PENGU is the sixth-largest meme coin, with only $1.9 billion in market cap. Despite its strong position in the market, Shiba Inu remains excluded from these filings. Several possible reasons may explain this, though they remain speculative without formal confirmation. Shiba Inu Ecosystem Team’s Anonymity  The most likely factor may involve the anonymity of SHIB’s ecosystem team. While Dogecoin runs without a clear leadership structure and TRUMP coin ties directly to a well-known public figure, Shiba Inu sits…

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Filed under: News - @ July 18, 2025 1:24 pm