The Bitwise 10 Crypto Index Fund now trades on NYSE Arca, joining the ranks of gold and oil funds in regulated exchange products.
Shiba Inu has recorded a notable surge in spot trading activity on several exchanges over the last seven days. This provides a bullish outlook for the second-largest meme coin by market cap, which has been one of the underperformers in this market cycle. Shiba Inu Sees Surge In Spot Trading Activity CoinGlass data show a 154% surge in Shiba Inu USD spot trading volume on Kraken over the last seven days. There has also been a significant surge on other major exchanges, such as Binance, Bybit, OKX, and Gemini, during the same period. This indicates that spot buyers may be stepping in to defend the SHIB price at a critical support amid the broader crypto market decline. Related Reading: Will A Shiba Inu ETF Follow After Dogecoin? The Lone SHIB Filing Standing Against The Crowd Notably, Shiba Inu is one of the altcoins that are in the green over the last week, suggesting that the bulls may be in control at the moment. CoinMarketCap data shows that the second-largest meme coin by market cap is up almost 7% during this period despite Bitcoin’s choppy price action. Meanwhile, further data from CoinGlass also shows that most leverage traders are currently betting on an increase in the Shiba Inu price, with the long/short ratio currently above 1. However, it is worth noting that derivatives volume is down by over 10% and open interest is down by almost 4%, which presents a bearish outlook for the meme coin. Another positive for Shiba Inu, besides the surge in spot trading volume, is that the Fed is likely to cut interest rates again at this week’s FOMC meeting. This could inject more liquidity into the crypto market, with altcoins like SHIB benefiting from it. Meanwhile, Bitcoin is currently looking to hold above the psychological $90,000 level, which could pave the way for higher prices for SHIB given their positive correlation. Community Gives Update On SHIB’s Progress In an X post, Shiba Inu community member Shibizens gave an update on SHIB’s progress over the last few days. The community member noted that over 45 billion SHIB have been moved off exchanges, indicating that holders are accumulating. Shibizens also alluded to a $35 million whale transfer into a private wallet, suggesting that SHIB whales are also bullish. Related Reading: Will The Shiba Inu Price Hit A New All-Time High In 2025? Machine Learning Algorithm Answers Furthermore, Coinbase is set to launch Shiba Inu futures on December 12 for institutional and retail investors, which could boost the meme coin’s adoption. Meanwhile, NYSE Arca has filed the 19b-4 for T. Rowe’s Shiba Inu ETF, bringing the ETF one step closer to launch. Shibuzens also highlighted upgrades on the Shibarium network, which could provide a major boost for SHIB. This includes the RPC upgrade, while a full privacy upgrade has been confirmed using encrypted tech. There are plans to roll this out by next year. At the time of writing, the Shiba Inu price is trading at around $0.000008498, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Peakpx, chart from Tradingview.com
According to trading records and company filings, Grayscale’s new spot Dogecoin ETF — ticker GDOG — opened quietly, pulling in just $1.4 million in trading volume on its first day on NYSE Arca. Related Reading: Fear Surges, But Real XRP Holders Aren’t Shaken—Analyst Muted Debut On NYSE Arca Reports have disclosed that the debut fell well short of some public forecasts. Bloomberg analyst Eric Balchunas had suggested the fund might see roughly $10–12 million in opening-day volume, a target that the actual figures did not meet. That gap has drawn quick commentary from traders and analysts, who say the launch exposure was smaller than expected for a high-profile first spot product. Grayscale’s paperwork shows the ETF began life with holdings of about 11 million DOGE and roughly 94,700 shares outstanding, with assets under management reported at roughly $1.7 million at the time the fund started trading. The sponsor set a management fee of 0.35%, but that charge is being waived — the fund will carry a 0% expense ratio either until it reaches $1 billion in assets or for the first three months, whichever happens first. $GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a ‘first-ever spot’ product. Not too surprising tho, we actually made a rhyme a while ago predicting this: ‘The further away you get from BTC, the less asset there will be.’ pic.twitter.com/ermlOcID1J — Eric Balchunas (@EricBalchunas) November 25, 2025 Market Shifts To Other Altcoins Based on reports from market trackers, other recent altcoin ETFs saw stronger early demand, leaving GDOG’s debut looking muted by comparison. Some XRP and Solana vehicles drew faster inflows during their openings, and that contrast has been used to explain why meme-coin exposure did not attract as much fresh cash on day one. Traders say that where money goes now may reflect a preference for certain tokens over meme-style names in regulated wrappers. What Investors Are Watching Next Observers note a few things to watch: whether the fee waiver helps the fund gather assets in the coming weeks, how DOGE’s market price behaves as more products list, and whether competing Dogecoin ETFs — including a product from Bitwise — change the flows. Related Reading: Bitcoin Creator Somehow Becomes ‘Poor’ By Losing $41 Billion Without Saying A Word Some analysts are watching short term creation and redemption activity and the order books around the ETF to judge real demand versus headline interest. Dogecoin’s spot market showed mild movement after the listing, trading near $0.15 as the ETF opened. That price action suggests traders reacted but did not rush in, and it leaves the question of long-term institutional appetite open. Based on the data so far, GDOG’s quiet first day is a clear signal that listing alone does not guarantee big capital flows. The next few weeks — when the fee waiver is still active and competing listings arrive — will be key to see whether the fund can widen its reach or remain a subdued debut in a busy ETF calendar. Featured image from Gemini, chart from TradingView
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
NYSE Arca has filed with the SEC to list the Bitwise 10 Crypto Index Fund, aiming to convert the $1.3 billion trust into a regulated ETF.
Spot Ethereum Exchange-Traded Funds (ETFs) may be witnessing a decline in approval odds, but there is still a wave of optimism among several financial management firms applying for the products. Fidelity Amends Its Ethereum Spot ETF Application Amid the anticipation encompassing the Ethereum spot ETFs, financial management giant Fidelity has recently amended its application for […]