Shiba Inu ETF Speculation Heats Up: Are We Near the Turning Point?

The Shiba Inu ETF is one of the most highly speculated developments for the market to explore lately. The US SEC has recently introduced generic listings for the crypto ETF domain, making it possible for the market to eventually welcome an SHIB ETF. Will the current US SEC changes be able to finally help deliver a new Shiba Inu ETF to the market? Let’s find out.

Also Read: Shiba Inu Price Dips 13%: Is an October Comeback Ahead?

The Curious Case of the Shiba Inu ETF

The SHIB magazine took to X to share a detailed analysis, proving how the recent changes made by the US SEC can play a crucial role in launching a SHIB ETF. The US SEC has now introduced generic listings for the crypto domain. Per the new changes, the SEC will allow crypto exchanges to list ETPs without encountering hectic issues, such as enrolling in lengthy processes. If a product has a futures contract that has traded for at least six months, then the regulator will allow that product to launch its own ETP, making the process simpler and smoother.

Shiba Inu ETF speculation has heated up primarily due to the fact that the token meets the criteria mentioned by the US SEC. The magazine was quick to outline how SHIB’s future “1K SHIB” is already live on Coinbase and has been trading for more than 10 months as of now, making the asset eligible to explore the ETF narrative.

Community Uproar Regarding the ETF

The speculation within the SHIB army circuit has intensified, with Del Cryxto, a leading crypto expert, stating that he expects the ETF to be announced soon.

“Regardless of who wins… I was the FIRST to ever predict a $SHIB ETF.In fact, my prediction was for #MemeETFs to become commonplace. This was an easy call… I knew it was too much money for Wall Street to resist.”

Also Read: Shiba Inu (SHIB) Shocker: Vitalik Buterin Dumps 2 Meme Coins Again

Credit: Source link