Shiba Inu Joins Dogecoin and XRP on Coinbase ETF Watchlist – Is This the Next Crypto Mega-Play?

Shiba Inu just scored a major institutional endorsement—landing on Coinbase's ETF watchlist alongside heavyweights Dogecoin and XRP. The meme coin's surprise inclusion signals growing mainstream acceptance and opens doors to massive liquidity potential.

ETF Prospects Heat Up

Coinbase's watchlist serves as a precursor to potential exchange-traded fund offerings. Shiba Inu's addition suggests institutional players are seriously considering the token's viability beyond meme status. The move could trigger fresh capital inflows from traditional finance sectors previously hesitant about crypto's wilder assets.

Market Dynamics Shift

While purists scoff at 'dog coins' gaining legitimacy, the market speaks volumes. Institutional interest validates Shiba Inu's staying power and challenges conventional crypto hierarchies. The watchlist placement creates immediate momentum—traders now anticipate ripple effects across derivative markets and liquidity pools.

Regulatory Hurdles Remain

ETF approval isn't guaranteed—regulators still eye meme assets with skepticism. But Coinbase's endorsement provides crucial credibility that could ease regulatory concerns. The exchange's compliance track record adds weight to Shiba Inu's investment case, though skeptics note Wall Street will find ways to charge 2% management fees for literally tracking a dog-themed token.

Bottom Line: Shiba Inu's watchlist debut marks another step toward crypto normalization—proving even joke assets can evolve into serious financial instruments when enough money gets involved.

Shiba Inu Enters Coinbase’s ETF Watchlist

According to SHIB’s marketing lead, 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 the shiba inu token 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, the meme coin now stands 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 crypto ETF” 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. Posting a SHIB price chart 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, the more people trade Shiba Inu 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 momentum is on SHIB’s side 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 SHIB meme coin could become the next big thing.

Featured image from Unsplash, chart from TradingView