Shiba Inu stirs the crypto streets as a viral petition demands a SHIB ETF—and analysts say the payoff could be massive.
Shiba Inu (SHIB) is howling louder than ever.
While no official ETF application has been filed yet, over 11,000 SHIB holders and fans have signed a petition asking Grayscale to consider launching a Shiba Inu spot ETF. And if the numbers are right, the impact could be staggering.
According to analysts, if SHIB captures just 10% of Ethereum’s ETF inflows, it could rake in $240 million in fresh capital—yes, with an “M.”
So why the buzz?
Ethereum ETFs have pulled in about $2.4 billion to date, and with memecoins gaining unexpected traction from both retail and institutional circles, SHIB might just be the next underdog to become a Wall Street darling.
Price check:
At the time of writing, SHIB is trading at $0.00001347, managing to hold its ground despite market volatility and minor pullbacks. After testing some resistance, prices briefly dipped below $0.00001330 before bouncing back and stabilizing around $0.00001347.
In the past 24 hours, SHIB has shown quiet strength with a 1.143% gain—nothing wild, but it’s steady.
Volume Up, Community Strong
SHIB’s 24-hour trading volume has jumped to $169 million, and the market cap stands strong at $7.88 billion. That’s nearly identical to its fully diluted valuation, showing that the majority of SHIB is already in circulation.
Holder count? Still massive:
Over 1.5 million wallets are holding SHIB, proving that this isn’t just a meme—it’s a movement.
But here’s the catch…
There’s still no official ETF filing, and no timeline has been announced. The SEC recently delayed a decision on a spot XRP ETF until June 2025, meaning that even if a SHIB ETF application were submitted soon, it could face a long regulatory road.
Still, this hasn’t stopped SHIB’s community from pushing hard. With social momentum rising and institutional eyes watching, the question is no longer “if” memecoins matter—but how long before Wall Street catches up?
Bottom line?
The SHIB army is organized, vocal, and now rallying for ETF status. If they get their wish, it could be the next big leap for meme finance—and SHIB holders might be the ones laughing all the way to the blockchain.