Shiba Inu is now entering the same space as some of the largest cryptocurrencies when it comes to discussing exchange-traded funds (ETFs). The SHIB coin is starting to gain notice as it Coinbase already offers a futures product for Shiba Inu, and this step positions the meme coin for consideration as a future ETF. SHIB’s marketing lead claims the coin already has the necessary setup for this, while a market analyst . Both agree that momentum for SHIB is picking up now.

Shiba Inu Enters Coinbase’s ETF Watchlist

Susie S, the coin has now joined Coinbase’s “ETF Watchlist Club.” This group already includes Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and XRP. Being named in this group indicates that is gaining more serious attention.

Susie S explained that Shiba Inu is in line for spot ETF consideration because Coinbase already has a regulated futures contract called the “1K SHIB Index.” It is essential because it puts SHIB on the same pathway that Bitcoin (BTC) and Ethereum (ETH) followed before they gained approval for spot ETFs. For the first time, in the same conversation as two of the world’s largest cryptocurrencies.

She added that while it may be harder for Shiba Inu to launch its own solo ETF immediately, the ETF could be part of a larger product. That product could be something like a “Top 10 ” that bundles together several coins. 

Market Analyst Sees Massive Potential For SHIB Price

Market analyst Heber Mayen also sees a big future for Shiba Inu. on X, he stated, “It’s gonna be massive!” His comment reflects the rising attention around Shiba Inu as it becomes more active in trading markets.

Mayen explained that SHIB’s popularity on Coinbase’s perpetual markets is a significant indicator. As more traders buy and sell SHIB in these products, the trading volume goes up. This rise in volume can help SHIB meet one of the needs for an ETF to be approved. In other words, now, the stronger the case becomes for a future ETF.

Currently, Shiba Inu is attracting more leveraged traders, and this ETF activity may be fueling ongoing speculation. Analysts like Mayen argue that as investors seek the next big crypto ETF candidate. The price action and volume activity together create the type of market story that can push Shiba Inu further into the spotlight. Backed by comments from its marketing lead and bullish words from the analyst, the

Featured image from Unsplash, chart from TradingView