$SHIB
🚨 Shiba Inu Price May Surge In Case of an ETF Filing and Approval 🚨
The Shiba Inu price remains in a deep bear market, having plunged by 60% from its highest point in November last year. A potential catalyst for the second-biggest meme coin would be a spot SHIB ETF application by one or more fund managers.
Besides, some top financial services companies have filed for over 70 ETF applications in the past few months. While XRP and Solana have dominated these applications, meme coins like Dogecoin, Bonk, and Official Trump have received several applications.
This means that the odds of at least one asset manager filing for a SHIB ETF application are high. That’s because Shiba Inu is one of the most actively traded meme coins in crypto. It has an active community of over 1.5 million SHIB holders, and it often ranks high in terms of Google Searches and social media mentions. Also, Shiba Inu has grown its ecosystem to include Shibarium, a layer-2 network, and ShibaSwap, a decentralized finance platform.
An eleven-month-old Shiba Inu ETF petition asking Grayscale to file for a SHIB ETF has attracted over 11,000 verified petitioners.
