Coinbase has launched derivatives for Shiba Inu (SHIB), significantly increasing trading volume for the popular meme coin. This development positions SHIB alongside major altcoins in regulated markets on Coinbase Derivatives, potentially paving the way for broader institutional adoption and the future possibility of a SHIB ETF. Despite the launch, SHIB's price action remains mixed, with technical analysis indicating a triple bottom pattern. Meanwhile, some traders are diversifying into projects like SUBBD, which are perceived to offer stronger utility.