Shiba Inu (SHIB) can witness upward price transfers when a spot ETF of tokens has been launched and collects the percentage of Ethereum ETF inflow. Analysts have suggested whether SHIB will capture even 10% of the influx of Ethereum ETFs, potentially seeing around $240 million in fresh capital. This estimate is based on the $2.4 billion so far in cumulative ETF inflows from Ethereum.
Although no applications have been filed for the Shib ETF, market observers have flagged signs of growing institutional interest in members like Shib.
Stability of price action after a short volatility dip
sauce: coinmarketcap
As of the latest data, SHIB is trading at $0.00001338 after facing short-term resistance. Prices shortly exceeded $0.00001336, then at about 4pm it was below $0.0000130, approaching $0.0000128 and stabilized.
Related: Shib ETF Push: Why 212 trading pairs and 110+ exchange entities matter
Despite this move, Shiv has recorded a modest gain of 0.15% over the last 24 hours, showing relative resilience during intraday fluctuations.
Trading metrics reflect market stability prior to ETF inference
The 24-hour trading volume is up to $169.12 million, while Shib's market capitalization is $7.888 billion. The fully diluted rating is $7.89 billion, with little difference between circulation and total supply.
Related: Shib fans want ETFs: petitions approach targets, Grayscale Silent
Furthermore, circulating supply has been reported at 589.24 trillion out of a total of 589.55 trillion S. The wallet holder count remains the same at 1.5 million people.
Shib ETFs have not been submitted yet, but the petition calls for consideration
No asset manager has officially submitted the Shib ETF application, but interest remains active. The public petition asking Grayscale to consider launching a Shib ETF has collected over 11,000 verified signatures.
Top Digital Asset ETF Filing includes XRP, Solana, Dogecoin and Bonk, but Shib is one of the most aggressively traded meme coins on the market and maintains a strong online presence.
As SEC review continues, ETF timeline is unknown
ETF launch leads remain speculative due to uncertainty in regulatory timelines. The Securities and Exchange Commission recently postponed its decision on the Franklin Templeton spot XRP ETF until June 2025.
Therefore, no indication is given as to when a Shib ETF submission will be filed or likely to be filed, and the expected launch could take more than a few months to receive regulatory clearance.
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