Dogecoin’s (DOGE), first ETF, was launched in the US. 21Shares’ TDOG DOGE ETF It is the first time a memecoin-based ETF has been listed on Nasdaq. It is yet another sign of the increasing demand from institutions for crypto-based vehicles. We’ll discuss whether we could also see a Shiba Inu ETF (SHIB), now that the Dogecoin ETF is making its debut.
What will happen to Shiba Inu’s (SHIB), after Dogecoin ETF debut?
ETFs now play a key role in the crypto-industry. In the years since 2024 when the US SEC first approved eleven spot Bitcoin ETFs, the crypto industry has experienced incredible growth. ETFs have been approved for Ethereum (ETH), XRP (Solana) (SOL), Dogecoin, and Dogecoin. Shiba Inu Fans (SHIB) are waiting on a similar announcement for the memecoin.
Dogecoin made history when the 21Shares ETF TDOG was released, but there’s very little chance we’ll see a Shiba Inu(SHIB). SHIB has a high volatility, and the demand for this coin has dropped significantly over the past few years. In October 2021 the asset reached a high price of $0.00008616, which has fallen more than 90 percent since then. SHIB’s volatility could present issues for an ETF.
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It is impossible to know what will happen in the future. Even though there are no plans for an ETF for Shiba Inu, (SHIB), at this time things may change within the coming months. US authorities are awaiting a crypto bill that has been delayed. This bill’s passage could lead to more transparency in the crypto markets and open the door for future crypto ETF products. We could even see a future SHIB-based ETF if a Dogecoin ETF becomes possible.
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Source: watcher.guru
