# Shiba Inu burn rate spikes 5,500% as ETF hopes rise

**Published:** 2026-06-25T17:51:40.347Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/dde2643a-3950-4a1c-8de2-ac90d740b0ab

Shiba Inu’s daily burn jumped 5,500% to 40 million tokens, driven by two large burns and optimism after Bitwise’s Dogecoin ETF filing.

Shiba Inu (SHIB) burned 40 million tokens in the last 24 hours, a 5,500% surge that coincided with lead developer Shytoshi Kusama’s comment that a SHIB‑ETF is “one step closer” after Bitwise filed for a Dogecoin ETF【1】. The spike fuels speculation that regulatory approval for a meme‑token fund could boost SHIB’s market profile.

| At a glance | |
|---|---|
| Burn rate (24 h) | +5,500% |
| Tokens burned (24 h) | 40 million SHIB |
| Largest burn tx | 32.8 million SHIB to dead wallets |
| Catalyst | Bitwise Dogecoin ETF filing & Kusama’s ETF optimism |

## Burn surge details  
Shibburn.com recorded two back‑to‑back transactions that sent over 32.8 million SHIB to dead wallets, accounting for most of the 40 million tokens destroyed in the past day【1】. A separate 13 million‑token burn and a 20 million‑token burn were also logged, pushing the weekly total to 140 million—up 10.45% from the prior week【1】. The dramatic rise in on‑chain token destruction is intended to shrink circulating supply and, in theory, increase scarcity‑driven price pressure.

## ETF expectations and market context  
Kusama’s optimism follows Bitwise Asset Management’s recent filing for a Dogecoin (DOGE) ETF with NYSE Arca, filed on March 3【1】. While the DOGE ETF would be cash‑settled and held by Coinbase Custody, its approval could set a regulatory precedent for meme‑token funds, prompting investors to anticipate a similar SHIB product. The burn surge therefore aligns with broader market speculation that an ETF could unlock institutional exposure to SHIB, a narrative that has already lifted community activity.

## Price and supply outlook  
SHIB’s price remains relatively stable despite the burn, trading near its recent range of $0.000013‑$0.000014. The token’s circulating supply exceeds 550 billion, so the 40 million burned represent roughly 0.007% of total supply—insufficient on its own to move price materially without accompanying demand. Nonetheless, the coordinated burns signal a community‑driven effort to tighten supply ahead of any potential ETF catalyst.

## What to watch  
- SEC decision on the Bitwise Dogecoin ETF (expected review timeline)  
- Any subsequent SHIB‑ETF filing or regulatory comment from the SEC  
- On‑chain burn activity exceeding 100 million tokens in a week, which would indicate sustained supply‑reduction pressure  

The surge in SHIB’s burn rate underscores a strategic push to align tokenomics with a possible ETF launch, but whether the supply contraction will translate into price appreciation hinges on regulatory outcomes and broader market demand.

## Sources
1. Thestreet — [Shiba Inu burn rate surges as Shytoshi Kusama says SHIB ETF is ‘one step closer’ - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more](https://www.thestreet.com/crypto/markets/shiba-inu-burn-rate-surges-as-shytoshi-kusama-says-shib-etf-is-one-step-closer)
2. Analyticsinsight — [Shiba Inu News Today: SHIB Burn Rate Soars 16,717%, Driven by ...](https://www.analyticsinsight.net/news/shiba-inu-news-today-shib-burn-rate-soars-16717-driven-by-massive-community-effort)
3. Ainvest — [Shiba Inu Burn Rate Surges 16000% as Community Targets $0. ...](https://www.ainvest.com/news/shiba-inu-burn-rate-surges-16000-community-targets-0-000025-price-2507/)

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Cite as: TrendWatcher, "Shiba Inu burn rate spikes 5,500% as ETF hopes rise", https://www.trendwatcher.in/article/dde2643a-3950-4a1c-8de2-ac90d740b0ab