Dogecoin's TDOG Debut on Nasdaq Makes Memecoin ETF History — Is Shiba Inu Next?

Headline: Dogecoin Becomes First Memecoin to Get a US Spot ETF — What That Means for Shiba Inu Dogecoin made a landmark move this week as 21Shares’ TDOG ETF began trading on Nasdaq, becoming the first spot DOGE ETF — and the first memecoin ETF — to launch in the United States. The debut underscores continued institutional appetite for crypto-linked investment products and adds another chapter to a fast-evolving ETF market. Why the TDOG launch matters - Spot ETFs (which hold the underlying asset rather than futures contracts) have become a key bridge between traditional investors and crypto. Since the SEC cleared 11 spot Bitcoin ETFs in 2024, the category has expanded rapidly, with spot products now approved for assets including Ethereum, XRP, Solana and Dogecoin. TDOG’s listing signals that even meme-native coins can attract structured capital when market conditions and regulatory reviews align. Could Shiba Inu (SHIB) be next? Shiba Inu supporters are watching closely, but a SHIB ETF seems unlikely in the near term. Key hurdles include: - Volatility: SHIB has shown extreme price swings, which complicate ETF creation, custody, and market-making. - Waning demand: SHIB’s price peaked at $0.00008616 in October 2021 and has declined by more than 90% since, reflecting reduced market enthusiasm compared with its earlier frenzy. Still, nothing is set in stone. The US regulatory environment could shift: a long-awaited crypto bill is still pending and has experienced delays. Passage of clearer legislation could open the door for more spot crypto ETFs down the line. If a memecoin like Dogecoin can clear the regulatory and market hurdles, it’s plausible — though far from guaranteed — that other meme tokens such as SHIB might follow at some point. Bottom line TDOG’s Nasdaq debut is a milestone for crypto ETFs and shows institutional demand extending into unconventional corners of the market. For Shiba Inu, however, volatility and diminished demand make a dedicated ETF a long shot today — but changing regulations and market dynamics could alter that outlook in the months or years ahead. Read more AI-generated news on: undefined/news