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![thecryptobasic Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1221786728379404288.png) TheCryptoBasic [@thecryptobasic](/creator/twitter/thecryptobasic) on x 72.4K followers
Created: 2025-07-18 07:25:45 UTC

Since January 2025, asset managers have rushed to file ETF applications tied to meme coins. Dogecoin (DOGE) took the lead, with firms like Rex Shares and Osprey Funds filing to launch DOGE ETFs. Grayscale also filed to convert its existing Dogecoin Trust into an ETF in January, while Bitwise submitted paperwork between January and March. 21Shares also filed for a Dogecoin ETF in April.

TRUMP coin also joined the discussion early in the year. Rex and Osprey included TRUMP in the same round of filings as DOGE. In addition, BONK, a Solana-based meme token, gained attention from both firms as well.

By March, Canary Capital applied for a PENGU ETF. This marked another step in the rising trend of meme coin ETFs, even for coins with smaller followings and less market share than SHIB. For context, PENGU is the sixth-largest meme coin, with only $XXX billion in market cap.

Despite its strong position in the market, Shiba Inu remains excluded from these filings. Several possible reasons may explain this, though they remain speculative without formal confirmation.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946109119569805436/c:line.svg)

**Related Topics**
[meme coins](/topic/meme-coins)
[donald trump](/topic/donald-trump)
[osprey](/topic/osprey)
[stocks](/topic/stocks)
[coins](/topic/coins)
[fund manager](/topic/fund-manager)
[dogecoin](/topic/dogecoin)
[coins pow](/topic/coins-pow)

[Post Link](https://x.com/thecryptobasic/status/1946109119569805436)