SHIB ETF Proposal Sparks Buzz in Crypto Community

SHIB ETF: A Game Changer for Meme Coins?

SHIB ETF– Lucie, an executive from Shiba Inu’s [SHIB] ecosystem, recently stirred up the crypto world with her pitch for a Shiba Inu ETF. Her remarks have sparked conversations around the potential for a price breakout for SHIB. Lucie emphasized that SHIB is more than just a meme, stating, “SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last.”

Lucie believes that SHIB is well-positioned for an exchange-traded fund (ETF), which has created significant buzz within the community. When asked if older generations (often referred to as “boomers”) would invest in a “doggy coin,” she confidently responded, “Yes.” This sentiment reflects SHIB’s growing recognition as a serious asset beyond its meme status.

At present, only Dogecoin [DOGE] has had a spot memecoin ETF filed with the SEC. However, with a 72% chance of ETF approval by 2025, as indicated by Polymarket, the idea of a SHIB ETF could soon follow. As the top competitors in the meme coin space, it’s yet to be seen if SHIB will mirror DOGE’s ETF journey.

Low Selling Pressure Could Set Stage for SHIB Breakout

Despite the uncertainty, SHIB may be primed for a potential breakout, especially given the low selling pressure and recent accumulation trends. Data shows that over 50 trillion SHIB were moved from exchanges between December and March, signaling increased accumulation. The supply of SHIB outside exchanges has increased from 855 trillion to 901 trillion during this period. As noted, “Holders bought the Q1 dip and may be expecting a future rally.”

On the price chart, SHIB has already gained 25% from its March 2025 lows, with the current price range between $0.000012 and $0.000020. A potential 47% gain could be possible if the price reaches $0.000020, though the key resistance at $0.000016 must be cleared first.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.