VanEck’s filing of a Solana ETF is a sign that the ETF craze has now ushered in a wave of changes within the crypto sector. The industry is currently experiencing dynamic changes which could propel it to experience a large influx of consumers and funds. Shiba community members are competing for an ETF that is unique to the Shiba Inu breed. With Bitcoin, Ethereum and Solana ETFs now in play, this could be considered a revolutionary development.
Please Read This: Shiba Inu Burns Surge 101%: $0.01 Price Incoming For SHIB?
Shiba Inu ETF campaign welcomes thousands of signatures
Traditional trading instruments are exchange-traded fund (ETFs). The unique culture of crypto is infused with traditionalism when ETFs are combined. ETFs combined with the cryptocurrency world have been achieving new milestones in recent times. Bitcoin ETFs are now worth billions in terms of volume. Shiba Inu investors are also looking forward to a possible SHIB ETF, which could take Shiba Inu stock to new highs.
SHIB ETFs are already a possibility thanks to the robust SHIB community. campaigns. The. campaigns The number of signatures is increasing every day.
Shiba Inu ETF can be a catalyst for a price increase if it is launched soon. SHIB recently hit new lows as Bitcoin dropped briefly and hovered at $61k. It temporarily put a halt to the rise of altcoins. SHIB’s current price is $0.00001723, which represents a 2% increase in the last 24-hours. The coin awaits a new push for reclaiming its lost value.
Grayscale Considers the Shiba inu A Major Crypto Asset
Grayscale, a global investment behemoth, has named Shiba Inu one of the world’s most valuable cryptoassets.
Grayscale, in a recent post on X shared an image that outlined the top cryptocurrencies based on market capital. SHIB was officially recognized as one of most significant cryptos. This led SHIB claim yet another milestone.
Shiba Inu ETF – Impact on price
Shiba Inu ETFs becoming a reality could lead to a price increase. This asset is longing for its $0.01 price. SHIB, dubbed as the one-cent fantasy, would need to rise by roughly 57,776% in order to reach its $0.01 price mark. This price can be reached sooner than expected with the ETF discussions.
Shiba Inu has adopted a slower pricing rate for now. CoinCodex predicts that by the end of mid-July, its value will drop 5% to $0.00001659.
“The price of Shiba Inu may drop by -4.92% and reach $0.00001659 by July 28, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 47 (neutral). Shiba Inu recorded 11/30 (37%) green days with 15.12% price volatility over the last 30 days.”
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Source: watcher.guru