The Shiba Inu ecosystem team is making a strong case for why SHIB is a viable candidate for a spot exchange-traded fund (ETF). Despite its immense popularity, ranking as the 17th-largest cryptocurrency by market capitalization, no asset manager has yet filed for a SHIB ETF in the United States. This has raised concerns among supporters, particularly as asset managers explore ETF options for other meme coins like Dogecoin (DOGE) and the newly emerged Official Trump (TRUMP) token.
In response, the Shiba Inu community has launched a campaign to highlight why SHIB deserves ETF consideration. The campaign, led by the ecosystem’s marketing head, Lucie, outlines key reasons SHIB is a strong contender.
Key Reasons SHIB is a Strong ETF Candidate
Widespread Availability and Liquidity
Lucie emphasized that SHIB is easily accessible, as it is listed on over 110 cryptocurrency exchanges, including major platforms offering 212 trading pairs such as SHIB/USDT and SHIB/BTC. The token’s broad availability and high liquidity make it an attractive choice for firms considering ETF development, as accessibility is a crucial factor in ETF approval.
Evolution Beyond a Meme Coin
The Shiba Inu project has transformed from a simple meme coin into a decentralized and community-driven initiative. Lucie highlighted that SHIB is designed for longevity, which could appeal to traditional investors, including boomers who favor stable and enduring assets. This shift enhances SHIB’s credibility as a long-term investment.
Resilience Against Market Manipulation
Another critical point raised is SHIB’s resistance to price manipulation. Lucie suggested that only a billionaire would have the financial power to manipulate SHIB’s price, drawing a parallel to Bitcoin’s market resilience. She argued that SHIB’s decentralized nature makes it difficult for a single entity to influence, reinforcing its legitimacy as a potential ETF asset.
Community-Driven Growth and Innovation
Shiba Inu operates within an open ecosystem, allowing continuous development and innovation without reliance on a central authority. This decentralization ensures SHIB’s sustainability regardless of leadership changes, further strengthening its case for an ETF.
Strong Odds for Approval
While an official ETF filing for SHIB has not yet been submitted, the token’s chances of approval are promising. The U.S. Securities and Exchange Commission (SEC) recently clarified that meme coins are not classified as securities, a crucial factor that could ease regulatory concerns for a potential SHIB ETF. As the campaign for a SHIB ETF gains momentum, the Shiba Inu community remains optimistic about the token’s inclusion in the growing list of cryptocurrency ETFs.
