XRP news today: Shiba Inu (SHIB) Sees 0.15% Gain Amid ETF Hype

Shiba Inu (SHIB) has seen a surge in interest surrounding the potential launch of a spot exchange-traded fund (ETF). Analysts suggest that if a SHIB ETF were to capture even 10% of Ethereum’s cumulative ETF inflows, it could see approximately $240 million in fresh capital. This estimate is based on Ethereum’s cumulative ETF inflows of $2.4 billion to date.

Despite the growing interest, no SHIB ETF application has been filed yet. However, market observers have noted signs of increasing institutional interest in memecoins like SHIB. A public petition asking Grayscale to consider launching a SHIB ETF has gathered over 11,000 verified signatures, indicating a strong demand from the community.

As of the latest data, SHIB is trading at $0.00001338. The price briefly crossed $0.00001336 before falling below $0.0000130 around 4:00 PM, bottoming near $0.0000128, and stabilizing. Despite this movement, SHIB has posted a modest 0.15% gain over the last 24 hours, indicating relative resilience during intraday swings.

The 24-hour trading volume is up to $169.12 million, while SHIB’s market capitalization stands at $7.88 billion. The fully diluted valuation is at $7.89 billion, indicating little difference between circulating and total supply. The circulating supply is reported at 589.24 trillion out of a total of 589.55 trillion SHIB. Wallet holder count remains unchanged at 1.5 million.

While top digital asset ETF filings have included XRP, Solana, Dogecoin, and Bonk, SHIB remains one of the market’s most actively traded meme coins and maintains a strong online presence. However, the ETF launch prospects remain speculative as regulatory timelines are uncertain. The U.S. Securities and Exchange Commission recently delayed its decision on Franklin Templeton’s spot XRP ETF to June 2025. Thus, no indication has been given on when or if a SHIB ETF filing might be submitted, and any anticipated launch could take months or more to receive regulatory clearance.