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A Shiba Inu advertising govt has sparked discuss a attainable ETF for the favored meme cryptocurrency. Her current statements come because the token noticed its burn charge soar by greater than 8,000% in a single day, in line with market watchers.
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SHIB Exec Factors To Trade Presence As ETF Issue
Lucie, who serves as a advertising lead for Shiba Inu, posted on X that SHIB has the correct qualities to develop into an ETF. She highlighted that the cryptocurrency is at the moment accessible on over 110 exchanges with 212 buying and selling pairs. This broad 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 publish.
Her feedback have gained consideration as buyers search for indicators that meme cash would possibly 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 attainable Shiba Inu ETF follows a number of developments within the cryptocurrency ETF house. In response to stories, Canary Capital not too long ago filed an S-1 type with the US Securities and Trade Fee in search of 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 instructed that BlackRock would possibly file for a Dogecoin ETF, although this stays unconfirmed.
These developments have created an environment the place buyers are contemplating which cryptocurrencies would possibly subsequent obtain ETF therapy.
Huge Leap In Burn Price Catches Investor Consideration
As ETF discussions picked up steam, SHIB noticed its burn charge enhance by 8,457% on Monday. Based mostly on information from monitoring websites, greater than 1 billion SHIB tokens had been completely faraway from circulation in a 24-hour interval.
The burn mechanism works by sending tokens to a particular deal with the place they will by no means be retrieved, successfully lowering 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 primary provide and demand ideas that counsel fewer accessible tokens would possibly result in worth will increase.
Worth Motion Stays Modest Regardless of Market Optimism
Regardless of the thrill round potential ETF developments and the dramatic burn charge enhance, SHIB’s worth motion has been comparatively small. The meme coin noticed only a 1% worth 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 counsel 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 not too long ago authorised Bitcoin and Ethereum ETFs after years of functions, suggesting that meme cash could face a protracted street to comparable recognition.
Featured picture from Gemini Imagen, chart from TradingView
