Shiba Inu (SHIB) remains one of the largest meme-based cryptocurrencies by market capitalization, currently valued at over $9 billion. Yet, despite its size and active community, SHIB has not been the subject of any exchange-traded fund (ETF) application from mainstream asset managers. This absence is notable given the increasing interest in launching ETFs for even smaller and less established meme coins. ETF Filings Surge for Smaller Meme Coins Since January 2025, institutional interest in meme coin ETFs has accelerated. Dogecoin (DOGE) has led the trend, with multiple filings from asset managers including Rex Shares, Osprey Funds, and Bitwise. Grayscale submitted a proposal to convert its Dogecoin Trust into an ETF earlier this year, and 21Shares followed with a DOGE ETF application in April. Other tokens have also entered the ETF conversation. TRUMP coin was included in applications from Rex Shares and Osprey, and BONK, a Solana-based meme token, was listed in those same filings. By March, Canary Capital filed for a PENGU ETF, despite the token having a significantly lower market cap of just $1.9 billion. The rapid inclusion of lesser-known and lower-value tokens in ETF proposals has raised questions about SHIB’s absence, especially considering its significantly stronger market position. Lack of Transparent Leadership May Be a Barrier One of the key differences between SHIB and its ETF-listed peers may lie in its leadership structure. While Dogecoin operates as a decentralized project with no central figurehead, and TRUMP coin benefits from the public persona of the U.S. president, Shiba Inu’s development team remains anonymous. The lead figure behind SHIB, known pseudonymously as Shytoshi Kusama, has chosen to maintain their privacy despite taking on a visible role within the community. For regulatory-conscious asset managers, this lack of identifiable leadership may present concerns regarding project oversight and accountability, two factors that are often considered when evaluating ETF candidates. Absence of High-Profile Endorsements Another factor limiting institutional interest in SHIB may be its lack of prominent public endorsements. DOGE has benefited from the vocal support of Elon Musk and Mark Cuban, while TRUMP coin is explicitly tied to Donald Trump. These associations have played a significant role in increasing visibility and driving investor attention. SHIB, on the other hand, does not enjoy similar backing from well-known figures. Its popularity has grown primarily through grassroots momentum, which, although powerful, may not be as appealing to ETF issuers who often rely on mainstream media visibility and public sentiment to gauge investment potential. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Complex Ecosystem and Project Maturity Shiba Inu also differs from simpler tokens like DOGE in terms of its technical infrastructure. It has developed a broader ecosystem, including the ShibaSwap decentralized exchange, Shibarium (a Layer 2 blockchain), NFTs, and plans for a metaverse. While this signals innovation, it may also complicate its suitability for a traditional ETF, which typically favors clear, singular use cases. Moreover, some of SHIB’s initiatives are still under development. Its tokenomics, such as the token burn mechanism and broader DeFi integration, are ongoing, which may lead asset managers to conclude that the project has not yet reached a mature or stable enough phase for ETF inclusion. Despite being the second-largest meme coin by market capitalization, Shiba Inu has not yet attracted the attention of institutional ETF issuers. A combination of anonymous leadership, absence of celebrity affiliation, and a complex, evolving ecosystem may be contributing factors. Unless SHIB improves its institutional appeal, either through increased transparency or greater mainstream visibility, it may continue to be overlooked in the current wave of meme coin ETF applications. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post No Asset Manager Has Filed for Shiba Inu (SHIB) ETF. Here’s Why appeared first on Times Tabloid .