#shiba⚡ Inu has failed to attract the interest of any mainstream asset manager for ETF applications despite being the second-largest meme coin in the market.

SHIB also doesn’t benefit from major celebrity endorsements. Elon Musk and Mark Cuban have promoted Dogecoin, while TRUMP coin leans on its connection to President Donald Trump.
These figures boost the public image of their respective coins, making them more appealing to investors and ETF issuers alike. SHIB doesn’t have a similar high-profile backer, which may reduce its draw in the eyes of fund managers who rely on social sentiment and media hype to support these types of offerings. Another factor could be SHIB’s complex ecosystem. While Dogecoin focuses on simple peer-to-peer transactions, Shiba Inu supports a full DeFi environment. It includes tools like ShibaSwap, a Layer 2 blockchain called Shibarium, NFTs, and an upcoming metaverse project. This shows innovation but asset managers may see it as too complicated to fit into an ETF structure. Simpler coins often attract more interest from institutions that prefer straightforward narratives and clean market use cases. Also, Shiba Inu’s ecosystem remains in progress. Its token burn strategy, DeFi tools, and broader adoption are still developing. This might suggest to firms that SHIB hasn’t yet reached the maturity level they want for an ETF product. Lastly, although SHIB boasts one of the strongest communities in crypto, it lacks a standout personality driving its visibility, which is due in part to Kusama’s anonymity. Dogecoin has Musk, and TRUMP coin has Trump. These individuals keep their coins in the headlines. However, SHIB relies more on grassroots support. Notably, this support runs deep but may not shine as brightly in mainstream news, which matters when firms try to measure market sentiment before launching new products.