Shiba Inu fans petition for a SHIB ETF: Will it be the next big thing?

Recently, the SHIB community have petitioned Grayscale, a prominent crypto ETF issuer, to consider launching a Shiba Inu ETF.

The SHIB community has petitioned Grayscale, a prominent crypto ETF issuer, to consider launching a Shiba Inu ETF.

Firstly, recent Google Trends data reveals Shiba Inu’s remarkable popularity, positioning it as the second most popular cryptocurrency in the U.S., after Bitcoin. Additionally, a SHIB ETF would provide investors with a regulated and accessible avenue for capitalizing on the potential of Shiba Inu.“As an ERC-20 token on the Ethereum blockchain, Shiba Inu notably satisfies the Howey Test criteria, affirming its status as a non-security under U.S. law.”data, in the past 24 hours, the burn rate surged by an astonishing 2834.92%, highlighting the heightened interest and activity surrounding Shiba Inu at the time of writing.

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