11,000 Signatures Collected: Is SHIB ETF Coming That Will Break Price Records?
ETF developments in the crypto market are not limited to major altcoins. This time, Shiba Inu (SHIB) is at the center of the agenda. Although an official ETF application has not been made yet, the campaign launched by the SHIB community has made a big impact in a short time. With the petition signed by more than 11 thousand people, eyes turned to major asset managers such as Grayscale.
Although the SHIB ETF expectation has not yet been met with a concrete step, investor interest is increasing day by day. Experts predict that there could be approximately $240 million in new fund inflows even if $SHIB can only attract 10% of its capital from Ethereum ETFs. This could put significant upward pressure on the price.
SHIB has seen a limited increase of 0.15 percent in the last 24 hours. After encountering a short-term resistance, the price stabilized at $0.00001338. SHIB, which fell to $0.0000128 during the day, recovered from this level and started to rise again.
This stable outlook shows that investors remain cautious in the face of ETF rumors. However, the fact that the price is moving sideways instead of sudden declines also shows that SHIB remains resilient to market pressures. This stagnation could turn into a sudden break, especially if a major development such as an ETF is confirmed.
Although there is no official SHIB ETF application, the number of petitions against Grayscale has exceeded 11,000. This campaign shows that SHIB has managed to stay on the ETF agenda thanks to strong community support.
On the other hand, the SEC’s extension of the process for the $XRP ETF decision until June 2025 indicates that other token ETFs like Shiba Inu will not be able to get an official application in the short term.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
❤️ Don't forget to follow me for developments. @Crypto De Nostradame
