The entire cryptocurrency market is now riddled with a new phenomenon. The traditional ETFs, or exchange-traded funds, the dependable pillars of traditional finance, are now making their way into the Web3 space, rapidly sweeping away the cryptocurrency domain. This shift opens up new avenues for investors to diversify their portfolios, offering a new arena packaged in a traditional guise of sorts. Several companies have already filed for multiple crypto ETFs, including Solana, XRP, Cardano, and DOGE ETFs. However, a Shiba Inu ETF is yet to be filed, sparking a wave of speculation within the SHIB community. Here are the two things or factors that may push for a Shiba Inu ETF, and they involve heavy community participation and support.
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Here’s How Shiba Inu ETFs May Debut in the US Markets
1. Approval of Dogecoin ETF
Yes, as ironic as it may sound, the approval of other meme coin ETFs, such as Dogecoin, Trump, or Bonk ETFs, may ultimately pave the way for a SHIB ETF to mark its debut in the US market. This may happen due to the increased speculation, pressure, and hype that may compel companies to pursue ETFs of seasoned tokens like SHIB, helping them to consider this serious pivot. Approval of other meme coin ETFs may potentially signal the US SEC softening its stance towards crypto innovation, helping SHIB gain steady momentum.
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2. A Stellar Shiba Inu Price Performance Metric
Companies often launch ETFs of products that have shown incredible price marks and mettle and are ready to weather negative market sentiments at all costs. Shiba Inu will also need to demonstrate its impeccable price performance, followed by displaying additional solid elements such as global collaborations and real-world utility for companies to show an interest in launching SHIB ETFs. At the same time, heavy community participation in burning SHIB and utilizing the token for real-world cases will also play a vital role in determining SHIB ETF launch chances.
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2.5. Bonus Tip: Introducing A Standardized Regulatory Framework
The cryptocurrency domain has now evolved at a rapid pace, extending its dominions globally in all domains and sectors. However, the arena lacks a standardized regulatory approach, one that prioritizes investor security and interest at the same time. If the Trump regime is successful in delivering a standardized regulatory approach for companies to pursue while entering into the coveted crypto space, it can help the domain surge to new highs in no time. A standardized regulatory protocol may help companies prepare their stance before unveiling an ETF, which can help secure its popularity and adoption metrics.
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