- Shiba Inu ranks as the 17th largest token, yet lacks a proposed U.S. SHIB ETF.
- SHIB is listed on 110+ exchanges with 212 trading pairs, enhancing its ETF appeal.
- Lucie claims SHIB’s size resists price manipulation, boosting its case for ETF inclusion.
Shiba Inu has emerged as a dominant force in the crypto market, ranking as the 17th largest token by market capitalization. However, despite its popularity, no financial institution has yet proposed a SHIB-based exchange-traded fund (ETF) in the United States.
This gap in recognition has sparked concern among Shiba Inu supporters, especially as major asset managers are actively working on ETFs for competing meme coins like Dogecoin (DOGE) and the recently launched Official Trump (TRUMP) token. In response, the Shiba Inu ecosystem team has ramped up efforts to advocate for a SHIB ETF.
Marketing lead Lucie took to X (formerly Twitter) to explain why SHIB deserves a spot in the ETF market. According to her, Shiba Inu has established itself beyond a meme coin, evolving into a decentralized and community-driven project with long-term viability.
As international markets like Brazil launch the spot XRP ETF, it sets a precedent that could influence the future of SHIB and other decentralized projects seeking ETF approval.
Shiba Inu’s Exchange Presence Boosts Appeal
One of the key points highlighted in the campaign is SHIB’s widespread availability. Lucie emphasized that SHIB is listed on more than 110 crypto exchanges, where it trades under 212 different trading pairs, including SHIB/USDT and SHIB/BTC. This level of accessibility and liquidity makes it an attractive option for institutional investors looking for ETF-worthy assets.
Liquidity plays a crucial role in ETF approvals, as funds generally seek assets that can be bought and sold easily without significant price fluctuations. Lucie suggested that SHIB’s presence across major platforms strengthens its chances of being considered for an ETF.
Another factor that supports SHIB’s case is its resistance to price manipulation. Lucie argued that only a billionaire could influence SHIB’s price, implying that its market is too large to be controlled by a single entity. She further stated that if someone could manipulate SHIB, they could also influence Bitcoin, reinforcing SHIB’s resilience.
SHIB Thrives Through Decentralized Innovation
Lucie also pointed out SHIB’s decentralized nature, which allows continuous innovation without relying on a central authority. She noted that SHIB’s open ecosystem enables developers and projects to build around it, ensuring sustained growth regardless of market changes.
Despite not yet having an ETF filing, SHIB’s approval chances have increased. The U.S. Securities and Exchange Commission (SEC) recently clarified that meme coins are not considered securities, which removes a major regulatory hurdle for SHIB’s ETF prospects.
Meanwhile, bullish sentiment continues to surround the token. Over the past 24 hours, SHIB saw a 1.38% price increase, trading at $0.00001314. It fluctuated between $0.0000128 and $0.00001317, with Coinglass data revealing a 4.29% rise in futures open interest, reaching $125.76 million. At the same time, derivatives trading volume surged by 33.60% to $78.18 million, reflecting growing market interest.
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