Shiba Inu has grown into one of the most recognized cryptocurrencies, ranking as the 17th-largest token by market cap. Despite this, no asset manager has filed for a SHIB ETF in the U.S. This absence has raised concerns among SHIB supporters, especially as top firms push for spot ETFs for Dogecoin (DOGE) and newcomer Official Trump (TRUMP).
Shiba Inu Community Pushes for ETF Recognition
In response, Shiba Inu’s ecosystem team and community launched a campaign to showcase SHIB’s ETF potential. Lucie, Shiba Inu’s marketing lead, led the effort through an X thread, explaining why SHIB qualifies for an ETF.
Lucie emphasized that SHIB’s availability on major trading platforms strengthens its ETF candidacy. The token is listed on over 110 exchanges, with 212 trading pairs, including SHIB/USDT and SHIB/BTC.
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Since asset managers prioritize liquidity and accessibility when launching ETFs, SHIB’s widespread presence makes it a strong contender.
SHIB Transformed from Meme Coin to Long-Term Asset
Lucie highlighted SHIB’s evolution from a meme coin to a decentralized, community-driven project. She argued that SHIB’s longevity appeals to traditional investors, especially boomers, who favor assets with lasting value. By positioning SHIB as a long-term investment, Lucie aimed to ease concerns about its sustainability.
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Lucie also stated that manipulating SHIB’s price is nearly impossible unless a billionaire attempts it. She compared SHIB’s price stability to Bitcoin’s, reinforcing its strength. Additionally, she stressed that SHIB’s decentralized nature ensures its continuous growth, as developers can build around it regardless of leadership changes.
Although no ETF filing exists yet, SHIB has a strong chance of approval. The SEC recently confirmed that meme coins are not securities, increasing the likelihood of a future SHIB ETF.
