The post Shiba Inu ETF Petition Nears Major Target appeared on BitcoinEthereumNews.com.

The Shiba Inu (SHIB) ETF petition is just 300 signatures away from hitting a major target of 10,000. This was disclosed by a popular Shiba Inu community figure, Heber Mayen, in an X post yesterday. 👀300 signatures away to reach 10k #SHIB ETF. LFG 📣 #SHIBARMY https://t.co/x0FAz5emR4 — Heber Mayen 🇬🇹🇲🇦🇺🇸 (@HeberMayen) June 8, 2024 Meyer made this known while reacting to a tweet from SHIB BPP regarding the Change.org petition directed to Grayscale Investments CEO Michael Sonnenshein. Notably, SHIB BPP has been promoting the petition on X, urging members of the Shiba Inu community to sign the petition.  According to the community influencer, June 8 marked the 58th day of asking the community to sign the petition.  Overview of Shiba Inu ETF Support  With 9,701 signatures recorded so far, the petition is just 299 signatures away from reaching the 10,000 target.  SHIB ETF As of February 26, the initial target was set at 1,000 signatures. Interestingly, the Shiba Inu community surpassed the milestone in no time, prompting an increase of the target to 2,500. – Advertisement – Now, the latest target is 10,000 signatures at the time of writing. Of the 9,701 signatures recorded so far, 140 people signed the petition over the past week, according to Change.org. Some community members have made significant efforts to increase the petition’s coverage on Change.org. In March, Shiba Inu marketing lead Lucie and other community members donated $20 each to display the petition “1,000 extra times” on the platform. Despite the efforts made so far, Grayscale has yet to respond to the request to introduce an ETF product for SHIB. Why Shiba Inu Enthusiasts Chose Grayscale for a Potential SHIB ETF Meanwhile, the Shiba Inu community directed the petition to Grayscale due to the company’s role in the emergence of Bitcoin ETFs…

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Filed under: News - @ June 10, 2024 7:10 am