- Bitcoin and Ethereum ETFs received approval from the U.S. SEC in 2024.
- Memecoin ETFs, including for Shiba Inu (SHIB), remain uncertain as of 2025.
- Government officials state that memecoins are not considered securities or commodities.
- The first memecoin ETF, tracking Dogecoin, launched in September 2025.
- No official ETF application for Shiba Inu (SHIB) has been submitted to the SEC so far.
The U.S. Securities and Exchange Commission (SEC) approved exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) in 2024, meeting increased investor demand for cryptocurrency-based financial products. Attention has now turned to whether other popular cryptocurrencies like memecoin Shiba Inu (SHIB) could receive similar approval.
The U.S. cryptocurrency industry experienced significant changes in 2025, including vocal support for digital assets from the Trump administration and a new outlook at the SEC. However, financial authorities have not granted ETF approval for memecoins such as Shiba Inu (SHIB).
According to White House crypto czar David Sacks, memecoins are neither categorized as securities nor commodities. He described these assets, which include SHIB, by stating, “It’s like a baseball card or a stamp. People buy it because they want to commemorate something.” This lack of clear regulatory definition remains a major obstacle for ETF approval of memecoins. Additionally, the high-risk nature of memecoins, as noted in the article, may discourage the SEC from approving a spot SHIB ETF.
Despite these challenges, the landscape may be shifting. In September 2025, Rex Financial and Osprey Funds launched the first memecoin ETF, called DOJE, which tracks Dogecoin (DOGE). The debut of this ETF suggests that similar products could be possible for other memecoins in the future.
Currently, no application for a Shiba Inu (SHIB) ETF has been filed with the SEC. However, SHIB’s popularity among investors may eventually lead financial firms to seek ETF approval. For more on the regulatory status of memecoins, see the full interview with David Sacks.
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