TDOG Debuts on Nasdaq — Could a Shiba Inu (SHIB) ETF Come to US?

Dogecoin becomes first U.S. memecoin spot ETF while Shiba Inu ETF remains unlikely amid volatility and weak demand

  • 21Shares’ TDOG DOGE ETF launched on Nasdaq, marking the first memecoin spot ETF in the U.S.
  • The approval wave that began with 11 spot Bitcoin (BTC) ETFs in 2024 has expanded to include other tokens such as Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE).
  • Shiba Inu (SHIB) faces hurdles for an ETF due to its high volatility and reduced demand in recent years.
  • SHIB reached an all-time high of about $0.000086 in October 2021 and has since fallen by more than 90%.
  • The pending U.S. crypto bill, which has experienced delays, could influence whether additional crypto ETFs, including a SHIB product, become viable.

21Shares’ TDOG DOGE ETF recently went live on Nasdaq, creating the first U.S. spot ETF tied to a memecoin. The launch reflects growing institutional demand for crypto-based financial products.

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ETFs have become central to the crypto market since the SEC approved 11 spot Bitcoin (BTC) ETFs in 2024. That approval path has broadened to include ETFs for Ethereum (ETH), XRP, Solana (SOL), and now Dogecoin (DOGE).

Interest in a Shiba Inu (SHIB) ETF exists among some investors, but the chances of one appearing soon are slim. SHIB is highly volatile and has seen demand decline; it hit an all-time high of about $0.000086 in October 2021 and has since fallen by over 90%.

There is no official filing or approval for a SHIB ETF at this time. The outlook could shift if U.S. legislation provides clearer rules: a delayed U.S. crypto bill remains pending and could shape the path for additional crypto ETF approvals.

For now, the market has seen steady ETF expansion beyond Bitcoin, but a Shiba Inu (SHIB) product would likely face hurdles related to volatility and demand before regulators approve it.

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