Shiba Inu ETF Plans in Motion—Can It Trigger a SHIB Price Surge?
The post Shiba Inu ETF Plans in Motion—Can It Trigger a SHIB Price Surge? appeared on BitcoinEthereumNews.com.
In a recent X post, Shiba Inu’s marketing lead Lucie laid out an argument for why SHIB should be considered a suitable asset for an exchange-traded fund. A SHIB ETF would provide investors with exposure to SHIB without the complexities of managing digital wallets or navigating cryptocurrency exchanges. The Shiba Inu (SHIB) community has been actively pushing to launch a Shiba Inu Exchange-Traded Fund (ETF) ever since Ethereum and Bitcoin ETFs received approval in 2024. This movement gained traction after Lucie, the marketing lead of the Shiba Inu team, took to X to emphasize SHIB’s potential as an ETF-worthy asset, highlighting its strong market presence and decentralized nature. Meanwhile, Dogecoin (DOGE) has already made significant progress in this direction, with asset managers like Bitwise and Grayscale submitting proposals to the U.S. Securities and Exchange Commission (SEC) for a DOGE ETF. The approval odds stand at an impressive 75%, thanks to the SEC’s classification of Dogecoin as a commodity. Why a SHIB ETF Makes Sense Lucie emphasized SHIB’s widespread adoption, stating: “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.” As the second-largest meme coin after Dogecoin, SHIB holds a market capitalization of $7.7 billion. Its broad accessibility, strong liquidity, and dedicated community support make it a viable candidate for an ETF. Lucie emphasized SHIB’s resilience, stating that its strong market position and decentralization make it resistant to manipulation, comparable to Bitcoin. She highlighted that SHIB is not a low-cap token but a robust asset capable of recovering quickly from market fluctuations. Lucie highlighted SHIB’s long-term growth potential, emphasizing its decentralized nature and ability to thrive regardless of market changes or leadership shifts. She also praised the strong foundation of the SHIB ecosystem, crediting Shib.io…
Filed under: News - @ March 25, 2025 11:20 am