No Filing Yet, But SHIB ETF Talk Picks Up with Petition Crossing 11K
- SHIB to gain $240M inflows if the ETF were to capture even 10% of Ethereum’s cumulative ETF inflows.
- SHIB trades at $0.00001338 amid ETF speculation and market volatility.
- No SHIB ETF filed yet, but 11K+ petitioners push for Grayscale to consider the application.
Shiba Inu (SHIB) could witness an upward price movement if a spot ETF for the token is launched and gathers a percentage of Ethereum ETF inflows. Analysts suggest if SHIB were to capture even 10% of Ethereum ETF inflows, it could see approximately $240 million in fresh capital. This estimate is based on Ethereum’s cumulative ETF inflows of $2.4 billion to date.
While no SHIB ETF application has been filed, market observers have flagged signs of growing institutional interest in memecoins like SHIB.
Price Action Steadies After Brief Volatility Dip
As of the latest data, SHIB is trading at $0.00001338 after facing short-term resistance. The price briefly crossed $0.00001336 before falling below $0.0000130 around 4:00 PM, bottoming near $0.0000128, and stabilizing.
Related: SHIB ETF Push: Why 212 Trading Pairs & 110+ Exchange Presence Matter
Despite this movem…
The post No Filing Yet, But SHIB ETF Talk Picks Up with Petition Crossing 11K appeared first on Coin Edition.
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No Filing Yet, But SHIB ETF Talk Picks Up with Petition Crossing 11K
- SHIB to gain $240M inflows if the ETF were to capture even 10% of Ethereum’s cumulative ETF inflows.
- SHIB trades at $0.00001338 amid ETF speculation and market volatility.
- No SHIB ETF filed yet, but 11K+ petitioners push for Grayscale to consider the application.
Shiba Inu (SHIB) could witness an upward price movement if a spot ETF for the token is launched and gathers a percentage of Ethereum ETF inflows. Analysts suggest if SHIB were to capture even 10% of Ethereum ETF inflows, it could see approximately $240 million in fresh capital. This estimate is based on Ethereum’s cumulative ETF inflows of $2.4 billion to date.
While no SHIB ETF application has been filed, market observers have flagged signs of growing institutional interest in memecoins like SHIB.
Price Action Steadies After Brief Volatility Dip
As of the latest data, SHIB is trading at $0.00001338 after facing short-term resistance. The price briefly crossed $0.00001336 before falling below $0.0000130 around 4:00 PM, bottoming near $0.0000128, and stabilizing.
Related: SHIB ETF Push: Why 212 Trading Pairs & 110+ Exchange Presence Matter
Despite this movem…
The post No Filing Yet, But SHIB ETF Talk Picks Up with Petition Crossing 11K appeared first on Coin Edition.
Read More