Shiba Inu is currently trending in the mainstream market as SHIB ETF murmurs have once again started to gain steam. According to a recent Grayscale report, 11 altcoins are poised for consideration as potential ETFs under the new SEC rules. However, the official confirmation is yet to arrive, but the speculative regimens have already started to unravel if the SHIB ETF could finally cut this time.
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Grayscale Report: Next Altcoin ETF Wave
Per a recent Grayscale report, the US SEC has paved a new path for ETFs by amending the earlier ETF launch rules. The new rules are flexible, enabling a path for other potential altcoins to dream about being launched as potential ETFs in the future.
“In the coming weeks. Investors can anticipate a significant increase in the number of exchange-traded products (ETPs) offering exposure to “altcoins.” Crypto assets with a lower market cap than Bitcoin, due to new guidance from U.S. regulators. These crypto assets represent a diverse range of use cases, reflecting the versatility of public blockchain technology. Our Crypto Sectors framework, developed in partnership with index provider FTSE/Russell, can help investors. Decide how to potentially incorporate these assets into portfolios.” The report was added later.
In regard to this, the SHIB ETF debate has already started to gain steam, as the report outlines how the future is quite bright for the altcoin ETF narrative.
“The 11 crypto assets include Cardano (ADA), Bitcoin Cash (BCH), Polkadot (DOT), Avalanche (AVAX), Litecoin (LTC), Dogecoin (DOGE), Chainlink (LINK), Hedera (HBAR), and Shiba Inu (SHIB).”
What Does It Mean for the SHIB Price Rally?
According to SHIB magazine, a potential Shiba Inu ETF could significantly help bolster SHIB demand, delivering value to the asset, all while aiding in its global adoption.
“This development could provide more transparency. And potentially increase liquidity for the token, while also offering a framework for U.S. investors. To engage with SHIB within established compliance guidelines. Analysts suggest that inclusion in ETPs. Does not guarantee price movement, but it may contribute to wider adoption and integration of SHIB in mainstream crypto markets.”
If approved, the SHIB ETF could gain immense popularity among retail and institutional investors.
“As one of the 11 digital assets expected to qualify under the SEC’s new generic listing standards, SHIB may gain greater exposure to both institutional and retail investors through regulated investment products.”
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