The Shiba Inu (SHIB) community is ramping up efforts to advocate for a SHIB-focused exchange-traded fund (ETF)

Momentum behind the initiative has been growing rapidly, with a Change.org petition directed at Grayscale CEO Michael Sonnenshein surpassing 166666 signatures as of press time.

The Shiba Inu (SHIB) community is urging major asset management firms to apply for a SHIB-focused exchange-traded fund (ETF).

As reported by Benzinga, the initiative has seen rapid momentum, with a Change.org petition to Grayscale CEO Michael Sonnenshein surpassing 16,666 signatures.

Further, influential SHIB group ‘Shibzens’ have highlighted key reasons why SHIB deserves ETF status, comparing it to the recent approval of Bitcoin and Ethereum ETFs.

According to the group, one of the strongest arguments for a SHIB ETF is the cryptocurrency’s massive and highly engaged community. With millions of holders actively participating in the SHIB ecosystem, it enjoys a loyal user base that could drive demand, liquidity, and long-term price stability—all key for a successful ETF.

Shiba Inu’s Layer-2 blockchain, Shibarium, also strengthens its case. Since its launch in August 2023, Shibarium has introduced real-world utility by powering decentralized finance (DeFi) applications, gaming projects, and payment solutions. The network also supports ecosystem tokens like BONE, used for gas fees, and TREAT, which could be incorporated into a diversified SHIB ETF, expanding its investment appeal.

Another major factor is affordability. Unlike Bitcoin and Ethereum, which can be expensive for small investors, SHIB’s low price per token makes it an accessible entry point for retail traders. This inclusivity allows a broader investor base to gain crypto exposure, while SHIB’s high trading volume and strong liquidity provide a solid foundation for institutional ETF products.

A SHIB ETF could also align with Environmental, Social, and Governance (ESG) investment strategies. The Shib Karma Foundation, a philanthropic initiative within the SHIB ecosystem, highlights the community’s commitment to social good. Additionally, SHIB’s growing adoption across industries, such as gaming and payments, demonstrates its increasing real-world relevance and utility.

This push comes amid significant political and institutional shifts that signal a growing acceptance of cryptocurrency, further strengthening the case for a SHIB ETF.

Former U.S. President Donald Trump recently acknowledged major digital assets, fueling speculation that increased regulatory clarity could benefit altcoins.

On Friday, the President hosted the first-ever White House Crypto Summit, bringing together key figures in the crypto industry. Among them was Robinhood CEO Vlad Tenev, a well-known advocate for meme-based assets.

However, while BlackRock and Grayscale have yet to submit a formal application for a SHIB ETF, the precedent set by Bitcoin and Ethereum ETFs proves that crypto-based investment products are viable. With strong community backing, increasing adoption, and favorable market trends, Shibizens believe SHIB is next in line.