Shiba Inu ETF prospects after Canary's filing; Hyperliquid whale opens XRP long; Bitcoin eyes $64,900 after Bollinger Bands' double rejection

Shiba Inu (SHIB) is emerging as a leading candidate for a spot exchange-traded fund after Canary Capital filed an S-1 registration for a PEPE-focused ETF. Meanwhile, a large Hyperliquid participant reportedly opened new leveraged positions in XRP and SOL, and Bitcoin faced renewed technical pressure as U.S. PCE inflation data came in line with expectations.

Shiba Inu ETF momentum after Canary’s PEPE filing

Canary Capital’s S-1 registration to launch a spot ETF has “opened the door” for meme tokens at the institutional level. The article argues that SHIB could be a natural next target for regulators, citing its relative scale and market structure versus PEPE.

Key factors cited for SHIB over PEPE

• Market capitalization: SHIB at $3.5 billion versus PEPE at $1.5 billion.
• Holder base: SHIB has 1.5 million+ holder addresses, nearly three times the number for PEPE.
• Institutional precedent: T-Rowe Price has confirmed plans to include Shiba Inu in its crypto products.

The article also notes that SHIB has confirmed CFTC futures on Coinbase and is among the few tokens to receive such approval from U.S. platforms. It adds that SHIB’s origin may be viewed more favorably by regulators, contrasting with concerns raised around PEPE’s launch and “bundled distributions.”

Hyperliquid whale activity: $90 million in reported XRP and SOL positioning

A series of unusual transactions on Hyperliquid was attributed to a large HYPE holder with total assets exceeding $92 million. The article says the participant shifted strategy, triggering notable market attention.

Reported sequence of trades and positions

• The whale unstaked 42 million HYPE, valued at about $93 million.
• Two batch sell orders of 758 HYPE each were executed.
• Afterward, the participant opened 10x leveraged positions, including a short on HYPE and long positions on XRP and SOL.

The article frames the move as a “shake-up” driven by the sudden change in positioning across major altcoins.

Bitcoin pressured by technical signals as PCE matches expectations

U.S. PCE inflation data did not create an inflation shock, but the article says Bitcoin’s technical setup remains unfavorable. It points to a “double rejection” from the upper Bollinger Band and suggests a pullback toward $64,900.

Technical levels highlighted

• Resistance: two failed attempts around the $70,000 area, aligned with the upper Bollinger Band.
• Support: nearest critical support slightly below $65,000.
• Potential target: pullback toward $64,900, with $64,000 described as a psychological level.

PCE and labor data cited

• Core PCE: 3% year-over-year and 0.4% month-over-month.
• Headline PCE: 2.8% year-over-year, described as holding steady without acceleration.
• Initial jobless claims: 219,000, slightly above forecasts.

The article adds that CPI remains the main volatility trigger and notes the market is pricing risk tied to elevated commodity and oil prices, which could influence any move toward the lower Bollinger Band.

Crypto market outlook: stagflation framing and GDP slowdown

Alongside PCE, the article cites U.S. GDP growth slowing from 4.4% to 0.5% in Q4 2025, far below the expected 2.8%, which it says supports a technical recession narrative.

What the article says investors are watching

• Bitcoin resilience: Bitcoin holding the $71,000 range is described as reinforcing an “anti-dollar” narrative.
• ETF inflows: Morgan Stanley’s Bitcoin ETF is cited as attracting nearly $32 million in inflows on its first day.
• Inflation pressure: inflation is described as remaining elevated due to high oil prices linked to Middle East logistics.
• Policy expectations: with GDP at 0.5% while inflation remains above the Federal Reserve’s target, markets may anticipate renewed monetary expansion.

The article concludes that Bitcoin is being positioned as a capital-preservation tool under stagflation conditions, while pointing to the Federal Reserve’s rate decision at the end of April as the next key checkpoint.