The post ETF Potential and Burn Rate Surge Stabilize Trading appeared on BitcoinEthereumNews.com.

TLDR Marketing lead Lucie suggests Shiba Inu is well-positioned for an ETF due to its presence on 110+ exchanges with 212 trading pairs SHIB burn rate surged dramatically (8,454% to 62,000% in recent reports), removing over 1 billion tokens from circulation Whale activity has increased, with dormant investors acquiring billions of SHIB tokens Current price hovers around $0.00001292-$0.00001303, up from a recent low of $0.00001085 Price predictions range from moderate growth to reaching $0.000081 (a 500% surge) depending on market conditions Shiba Inu’s price has stabilized in recent days, trading at approximately $0.00001303 as of latest reports. This represents a modest recovery from its year-to-date low of $0.00001085 earlier this month. The meme coin remains about 62% below its November peak. This decline reduced its market capitalization from $19 billion to around $7.5 billion. Recent developments have sparked renewed interest in the dog-themed cryptocurrency. SHIB community executive and marketing lead Lucie highlighted factors that could make Shiba Inu a candidate for an Exchange-Traded Fund (ETF). According to Lucie, SHIB is available on more than 110 exchanges with 212 trading pairs. This includes all major crypto trading platforms. SHIB is listed on over 110 exchanges with 212 trading pairs—including all the major platforms.It’s basically everywhere: easy to access, easy to trade. Is SHIB good for an ETF?YES. Will boomers invest in a “doggy coin”?Also yes.Because SHIB isn’t just a meme—it’s… — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025 “Because SHIB isn’t just a meme—it’s decentralized, community-driven, and built to last,” Lucie stated in a recent post on X. This global accessibility makes it potentially suitable for an ETF product. The ETF speculation comes amid broader market optimism around crypto-backed ETF filings. The US SEC recently acknowledged Grayscale’s filing for a Dogecoin ETF. Canary Capital has filed an S-1 for SUI ETF approval. There…

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Filed under: News - @ March 24, 2025 1:25 pm