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ZyCrypto 2025-01-27 14:27:49

Shiba Inu Community Highlights 10 Reasons Why SHIB ETF Approval Is Inevitable

Shiba Inu Community Highlights 10 Reasons Why SHIB ETF Approval Is Inevitable

As the Trump administration’s crypto executive order takes effect, expectations are rising for more Exchange-Traded Fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC) in 2025. Among these anticipations, the Shiba Inu (SHIB) community remains hopeful that a SHIB ETF could soon gain approval. In a tweet on Monday, “Shibizens” a Shiba Inu-focused news platform, outlined ten reasons why major financial institutions like BlackRock and Grayscale should list a SHIB ETF. Notably, the platform highlighted SHIB’s “massive market opportunity,” driven by its global base of over 1.3 million holders. It also pointed to Shibarium’s operational Layer 2 blockchain, which supports diverse use cases in gaming, DeFi, and utility tokens such as BONE and TREAT. The platform further emphasized SHIB’s affordability, which appeals to retail investors and expands the potential client base for institutional players. Its high liquidity and trading volume add to its stability, while the broad range of assets within the Shiba Inu ecosystem offers strong diversification prospects. Additionally, Shibizens argued that the success of Bitcoin and Ethereum ETFs sets a powerful precedent, demonstrating robust demand for crypto-based investment products. “Bitcoin and Ethereum ETFs have shown strong demand. SHIB, as a next-generation blockchain project, is a logical step to capture the growing appetite for diversified crypto products.” It wrote. As per the platform, SHIB’s commitment to social causes, exemplified by the Shib Karma Foundation, also resonates with ESG-conscious investors. Additionally, with its global reach and innovative blockchain approach, SHIB positions itself as a forward-thinking investment. In conclusion, the platform argued that introducing a SHIB ETF would play a key role in driving the next wave of crypto innovation while strengthening the position of issuers as forward-thinking leaders in wealth management. “By launching a SHIB ETF, companies like BlackRock can capitalize on emerging crypto trends, meet growing investor demand, and establish themselves as leaders in digital asset management,” It added. This surge in optimism follows the SEC’s approval of similar products for Bitcoin and Ethereum last year. Notably, after the spot ETH ETF approval last May, Shiba Inu’s pseudonymous lead developer, Shytoshi Kusama, sent a congratulatory message to Ethereum, cryptically hinting that SHIB could be next in line . Lucie, a leading spokesperson for the Shiba Inu ecosystem, has also consistently advocated for the potential of a SHIB ETF. Last July, she expressed strong confidence, stating, “ Do I think a SHIB ETF will happen? Most definitely,” citing growing institutional interest in SHIB’s decentralized framework. Last week, Bloomberg ETF strategist Eric Balchunas suggested that more cryptocurrency ETFs, including those for TRUMP and DOGE, are likely to be approved before April, a move that could open doors for others like SHIB. That said, despite the SEC’s lack of indication regarding meme coin ETFs, the SHIB community remains resolute. Campaigns continue to apply pressure on asset managers to front such products to the SEC, with a Change.org petition led by the SHIB army aimed at Grayscale already attracting over 11,000 signatures.

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