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A Shiba Inu advertising and marketing govt has sparked discuss a potential ETF for the favored meme cryptocurrency. Her latest statements come because the token noticed its burn charge bounce by greater than 8,000% in a single day, based on 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 correct qualities to turn out to be an ETF. She highlighted that the cryptocurrency is presently out there on over 110 exchanges with 212 buying and selling pairs. This extensive 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 buyers search for indicators that meme cash may comply with 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 mainly in all places: straightforward to entry, straightforward to commerce.Is SHIB good for an ETF?
YES.Will boomers put money into a “doggy coin”?
Additionally sure.
As a result of SHIB isn’t only a meme—it’s…— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 23, 2025
Latest Crypto ETF Filings Gas Hypothesis
The dialog round a potential Shiba Inu ETF follows a number of developments within the cryptocurrency ETF area. In response to stories, Canary Capital lately filed an S-1 type with the US Securities and Trade Fee searching for approval for a SUI ETF.
The SEC has additionally acknowledged Grayscale’s submitting for a Dogecoin ETF, which has elevated discuss comparable alternatives for different meme cash. Some market watchers have prompt that BlackRock may file for a Dogecoin ETF, although this stays unconfirmed.
These developments have created an environment the place buyers are contemplating which cryptocurrencies may subsequent obtain ETF remedy.
Huge Leap In Burn Fee Catches Investor Consideration
As ETF discussions picked up steam, SHIB noticed its burn charge enhance by 8,457% on Monday. Primarily based on information 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 selected handle the place they’ll by no means be retrieved, successfully lowering the overall provide. After this massive burn, the circulating provide stands at 584.35 trillion cash.
Cryptocurrency markets usually react positively to produce reductions, following fundamental provide and demand rules that recommend fewer out there tokens may result in value will increase.
Value Motion Stays Modest Regardless of Market Optimism
Regardless of the thrill round potential ETF developments and the dramatic burn charge 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, exhibiting restricted volatility regardless of the information.
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In the meantime, market information 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 are actually paying shut consideration to the meme coin — even when the value hasn’t but mirrored the optimism expressed by group figures and a few buyers.
Whereas a Shiba Inu ETF would supply some increase to the attraction of Shiba Inu, regulatory approval stays up within the air. The SEC has solely lately accepted Bitcoin and Ethereum ETFs after years of functions, suggesting that meme cash might face an extended highway to comparable recognition.
Featured picture from Gemini Imagen, chart from TradingView