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A Shiba Inu advertising and marketing government has sparked speak about a potential ETF for the favored meme cryptocurrency. Her current statements come because the token noticed its burn price soar by greater than 8,000% in a single day, in accordance with market watchers.
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SHIB Exec Factors To Trade Presence As ETF Issue
Lucie, who serves as a advertising and marketing lead for Shiba Inu, posted on X that SHIB has the fitting qualities to develop into an ETF. She highlighted that the cryptocurrency is at present accessible on over 110 exchanges with 212 buying and selling pairs. This large availability, she says, makes SHIB a powerful candidate for an exchange-traded fund.
“As a result of SHIB isn’t only a meme—it’s decentralized, community-driven, and constructed to final,” Lucie wrote in her submit.
Her feedback have gained consideration as traders search for indicators that meme cash would possibly observe the trail of Bitcoin and Ethereum in securing ETF approval.
SHIB is listed on over 110 exchanges with 212 buying and selling pairs—together with all the foremost platforms.
It’s principally in all places: straightforward to entry, straightforward to commerce.Is SHIB good for an ETF?
YES.Will boomers spend money on a “doggy coin”?
Additionally sure.
As a result of SHIB isn’t only a meme—it’s…— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025
Current Crypto ETF Filings Gasoline Hypothesis
The dialog round a potential Shiba Inu ETF follows a number of developments within the cryptocurrency ETF area. Based on stories, Canary Capital not too long ago filed an S-1 kind with the US Securities and Trade Fee looking for approval for a SUI ETF.
The SEC has additionally acknowledged Grayscale’s submitting for a Dogecoin ETF, which has elevated speak about comparable alternatives for different meme cash. Some market watchers have steered that BlackRock would possibly file for a Dogecoin ETF, although this stays unconfirmed.
These developments have created an environment the place traders are contemplating which cryptocurrencies would possibly subsequent obtain ETF therapy.
Large Soar In Burn Charge Catches Investor Consideration
As ETF discussions picked up steam, SHIB noticed its burn price enhance by 8,457% on Monday. Based mostly on knowledge from monitoring websites, greater than 1 billion SHIB tokens have been completely faraway from circulation in a 24-hour interval.
The burn mechanism works by sending tokens to a particular tackle the place they’ll by no means be retrieved, successfully decreasing the overall provide. After this huge burn, the circulating provide stands at 584.35 trillion cash.
Cryptocurrency markets usually react positively to produce reductions, following fundamental provide and demand ideas that recommend fewer accessible tokens would possibly result in value will increase.
Value Motion Stays Modest Regardless of Market Optimism
Regardless of the joy round potential ETF developments and the dramatic burn price enhance, SHIB’s value motion has been comparatively small. The meme coin noticed only a 1% value enhance, reaching $0.00001303 on the time of writing.
The worth ranged from $0.0000128 to $0.00001309 over the earlier 24 hours, displaying restricted volatility regardless of the information.
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In the meantime, market knowledge from Coinglass reveals rising curiosity in SHIB derivatives. The open curiosity in Shiba Inu futures elevated by 3.5% to $120 million, whereas buying and selling quantity jumped 20% to $70 million.
These indicators recommend one factor: merchants at the moment are paying shut consideration to the meme coin — even when the value hasn’t but mirrored the optimism expressed by neighborhood figures and a few traders.
Whereas a Shiba Inu ETF would supply some enhance to the attraction of Shiba Inu, regulatory approval stays up within the air. The SEC has solely not too long ago authorised Bitcoin and Ethereum ETFs after years of purposes, suggesting that meme cash could face an extended street to comparable recognition.
Featured picture from Gemini Imagen, chart from TradingView