- ETF issuers continue to overlook Shiba Inu in the race for meme coin listings, despite growing community support and a petition with over 11,700 signatures.
- ShibaInu remains a top contender in the meme coin market, yet asset managers favor tokens like PENGU, DOGE, and BONK for ETF filings.
PENGU ETF Takes the Lead in Meme Coin ETF Race
The U.S. Securities and Exchange Commission (SEC) is now officially reviewing a new meme coin ETF proposal—but it’s not for Shiba Inu. The Cboe BZX Exchange has submitted a 19b-4 filing to list and trade shares of the Canary PENGU ETF, giving investors indirect exposure to the Solana-based PENGU token and Pudgy Penguins NFTs. Bloomberg ETF analyst Eric Balchunas confirmed the filing in a recent X post.
The ETF will also include exposure to Solana and Ethereum, aiming to offer diversified digital asset exposure in a commodity-based format. With CSC Delaware Trust acting as trustee and Canary as the sponsor, the product’s structure mimics that of other crypto-focused ETFs currently under SEC review.
ShibaInu Overlooked Despite Strong Demand
While PENGU gains regulatory momentum, ShibaInu continues to be left out of the ETF spotlight. Despite a Change.org petition with over 11,700 signatures and strong backing from the SHIB community, no asset manager has yet submitted a formal application for a SHIB-based ETF.
Recent ETF filings have favored other meme tokens like Dogecoin (DOGE), Official Trump (TRUMP), Bonk (BONK), and even Official Melania Meme (MELANIA), leaving SHIB curiously absent from the action. Earlier this year, ShibaInu marketing lead Lucie emphasized the token’s potential for ETF inclusion, citing its accessibility, resistance to manipulation, and strong community support—but so far, that hasn’t swayed ETF sponsors.
ShibaInu Popularity Isn’t Enough—Yet
ShibaInu Holds Strong Market Rank but Struggles to Gain Institutional Recognition in the ETF Space. As the SEC begins reviewing the PENGU ETF, SHIB holders continue to question when their token will finally attract institutional attention.
