- Shiba Inu ETF discussions gain traction as ecosystem leaders push for an application.
- The market shows mixed signals, with whales selling but the potential for a price breakout.
The idea of a Shiba Inu exchange-traded fund (ETF) is gaining attention in the crypto space. Lucie, a key figure in the Shiba Inu ecosystem, recently urged issuers and sponsors to initiate the ETF approval process. Her post on X simply asked , “Wen SHIB ETF?” sparking discussions within the community.
Wen SHIB ETF?
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) February 27, 2025
Additional altcoin ETFs remain in prospect, with no filing yet appearing for SHIB. However, things have now become clearer with respect to meme coin-related ETFs. This is owing to the fact that the U.S. Securities and Exchange Commission (SEC) has just confirmed that meme coins fall beyond securities laws, removing a major hindrance.
This shift in regulatory stance already prompted the acknowledgment of a Grayscale DOGE ETF filing. Most anticipate that Shiba Inu will follow if Dogecoin moves into ETF approval. The Shiba Inu community and developers simply have to wait now to see if exchanges or large asset managers make an official filing.
SHIB Drops 6% to $0.00001380 as Weekly Loss Hits 11.35%
The price is now down by 6% to $0.00001380, with an 11.35% fall over the last seven days. Despite this price fall, volume has expanded by 43.14% over the last 24 hours to $378.25 million. This is an indication of growing market attention despite falling prices.
[mcrypto id=”12321″]Sentiment is mixed in the market. On the negative side, owners have been unwinding SHIB positions, driving prices down further. But on the upside, professionals point to an upside breakout. If SHIB goes beyond major resistance prices, this can drive prices upwards towards $0.00004401.
The charts show SHIB dropping below key support lines, suggesting further potential for a downtrend. The MACD is negative, confirming the downtrend. The next key support zone is between $0.00001300 and $0.00001000, an area to watch in hopes of spotting a potential bounce or consolidation.
Shiba Inu’s Breakout Trend Points to 450% Potential Gain
Despite current price troubles, speculation regarding an ETF in Shiba Inu has injected confidence in the market. Analysts believe that if an ETF is created, it can initiate institutional demand and drive the SHIB price in the future.
Crypto market watcher Javon Marks recently highlighted SHIB’s broader trend, noting that the meme coin has maintained its breakout since late 2022. According to Marks, if this trend holds, SHIB’s long-term target remains at $0.000081, representing a potential 450% gain from its current levels.
Source: X
For now, eyes remain fixed on the regulatory environment and whether a SHIB-themed ETF becomes a reality. If institutional money jumps in with an official filing, this can be a game-changer for SHIB holders.
