A new wave of discussion has emerged in the crypto community after Lucie, an executive from the Shiba Inu (SHIB) ecosystem, proposed the idea of an ETF dedicated to this memecoin.

Does SHIB Qualify for an ETF?

According to Lucie, SHIB is not just a memecoin but also a decentralized asset, governed and developed by the community for long-term sustainability. She emphasized:

“Does SHIB qualify for an ETF? Yes. Can older investors put their money into a ‘doggy coin’? Also yes. Because SHIB is more than just a meme – it is decentralized, community-driven, and built for longevity.”

Will SHIB Follow in DOGE ETF’s Footsteps?

Currently, aside from Dogecoin (DOGE), no issuer has applied for a memecoin ETF with the SEC. However, forecasts on Polymarket indicate a 72% probability of a memecoin ETF approval by the end of 2025.

As a leading force in the memecoin space, the question remains whether SHIB can follow DOGE in launching an ETF.

Accumulation Signals & Breakout Potential

One notable factor is the significant decline in selling pressure, while large investors continue accumulating SHIB. Data from Santiment reveals:

• Over 50 trillion SHIB has been withdrawn from exchanges between December 2024 and March 2025.
• Off-exchange supply has increased from 855 trillion to 901 trillion SHIB – a sign that holders are accumulating.

However, a major challenge for SHIB is the sharp drop in network activity, from nearly 20,000 in December 2024 to just 4,000 in March 2025. This reflects a significant decline in investor interest, potentially impacting SHIB’s ability to stage a strong recovery.

SHIB Price Analysis: Opportunities & Risks

On the price chart, SHIB has surged 25% from its March 2025 low, coinciding with the August 2024 bottom. Currently, SHIB is trading within a range of $0.000012 to $0.000020.

🔹 If shib breaks the $0.000016 resistance, it could aim for $0.000020, offering up to a 47% gain.
🔹 However, if user interest remains low, SHIB’s breakout potential may face significant challenges.

Conclusion

The anticipation for a SHIB ETF is growing, but many factors still need to be considered. If the current accumulation phase is supported by a recovery in network activity, SHIB could have a strong growth opportunity in the near future.

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