Dogecoin (DOGE) made history with the launch of the first spot DOGE ETF in the US. 21Shares’ TDOG DOGE ETF went live on Nasdaq, marking the first instance of a memecoin ETF in the US. The development is another testament to the growing demand for crypto-based financial vehicles among institutions. With a Dogecoin (DOGE) ETF making its debut, let’s discuss if we can also get a Shiba Inu (SHIB) ETF in the future.
Will We Get A Shiba Inu (SHIB) ETF Following Dogecoin’s ETF Debut?
ETFs have become a central part of the crypto industry. Since the US SEC approved 11 spot Bitcoin (BTC) ETFs in 2024, the sector has seen incredible growth in the time since. Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) have also got ETF approvals. Shiba Inu (SHIB) fans, meanwhile, are waiting for a similar move for the memecoin.
While Dogecoin (DOGE) made history with the 21Shares TDOG ETF launch, there is a very slim chance that we will get a Shiba Inu (SHIB) ETF. SHIB is a highly volatile asset, and demand for the coin has substantially dipped over the last few years. The asset’s price climbed to an all-time high of $0.00008616 in October 2021, but has since fallen by more than 90%. SHIB’s high volatility may present challenges for a potential ETF launch.
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However, there is no telling how things may unfold in the future. Although there is no official word for a Shiba Inu (SHIB) ETF right now, things could change in the coming months. The US is awaiting the crypto bill, which faced additional delays. The passing of the bill could bring more clarity to the crypto market and pave the way for more crypto-based ETF products in the future. If a Dogecoin (DOGE) ETF is possible, then we could potentially even get a SHIB ETF down the road.