Shiba Inu ETF Approval: A New Era for Cryptocurrency Investors?

Joshua Ramos
Source: Watcher.Guru

The digital asset market saw the groundbreaking approval of both Ethereum and Bitcoin ETFs this year. The development signaled a massive shift in exposure and prominence within the finance sector. With more assets sound to receive similar investment offerings, could a Shiba Inu ETF be on the horizon?

There have already been discussions regarding what cryptocurrency could follow BTC and ETH. Standard Chartered Bank has already predicted that Solana and Ripple will get iterations of the ETF in 2025. However, the second-largest meme coin by market cap getting its own iteration of the investment vehicle would truly signify the dawn of a brand new era.

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Shiba Inu ETF Launch and a Game-Changer for Investors

Over the last several months, the cryptocurrency industry has seen two milestone moments take place. First, Bitcoin received the inaugural crypto-based spot ETF in the United States. Just five months later, Ethereum followed suit, with the US Securities and Exchange Commission (SEC) greenlighting the project.

The latter was a shock to many, with experts predicting continued delay for the ETH offering. Subsequently, with all eyes on what asset could receive an ETF next, perhaps another massive surprise could be in the works. Specifically, what if a Shiba Inu (SHIB) was next in line for an ETF?

SHIB is the second largest meme coin with a $14 billion market cap, according to CoinMaretCap. It is only behind Dogecoin (DOGE) but differs greatly from its competitors in the market. Shiba Inu is an asset continually searching for increased utility, thereby increasing its viability in the cryptocurrency sector.

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The idea has been embraced by the SHIBArmy, with Shiba Inu creator Shytoshi Kusama recently addressing prospect. In a recent post to X (formerly Twitter), Kusama congratulated Ethereum, and pondered if the approval did “pave the way for SHIB?”

However, Kusama did note that he would “stay focused on what we have coming.” Additionally, he urged SHIB investors to stay tuned in the post. Although it would be a long shot, a Shiba Inu ETF would truly facilitate a shift in the market. Moreover, SHIB would enjoy newfound exposure to institutional investment and unprecedented gains.

Conversely, there is no denying the turning point that the Ethereum ETF has already presented. The field is wide open, as it feels as though Wall Street is as ready as ever to fully embrace the sector. So, why not Shiba Inu?