A Shiba Inu Community Figure Highlights Reasons for a SHIB ETF

The quest to convince top asset managers to launch a Shiba Inu ETF in the U.S. has gained momentum. This campaign intensified recently, with top community members calling on asset managers to consider SHIB for an ETF.

10 Reasons Why BlackRock and Grayscale Should Launch SHIB ETF

In a lengthy X post, Shibarium Updates, a top Shiba Inu community handle, laid out 10 reasons established asset managers such as Grayscale Investments and BlackRock should consider launching a SHIB ETF in the U.S.

Massive Market Opportunities

First, the community handle noted that prospective SHIB ETF issuers will enjoy massive market opportunities by launching the product. It emphasized that Shiba Inu has a vast and passionate community that could drive the demand for a SHIB ETF, potentially boosting its adoption.

Shibarium-Powered Ecosystem

Second, the post pointed out that Shiba Inu has a strong ecosystem powered by Shibarium, its Layer-2 scaling solution. The blockchain, which has been operational since August 2023, has expanding use cases in gaming and decentralized finance, among others.

Strong Retail Appeal

Third, Shibarium Updates claims SHIB has a strong retail appeal. It contended that the cryptocurrency’s affordability makes it appealing to retail investors, which could open up a new client base for prospective issuers like BlackRock and Grayscale should they decide to launch a SHIB ETF.

High Liquidity and Volume

Fourth, the community handle highlighted SHIB’s massive volume and liquidity as another reason asset managers should consider launching an ETF tied to Shiba Inu. It argued that SHIB has high liquidity and billions of dollars in daily volume suitable to support an ETF. According to Shibarium Updates, these features lower the operational risks for prospective SHIB ETF issuers.

Diversified Crypto Product

Fifth, Shibarium Updates suggested that the ability to combine multiple Shiba Inu ecosystem tokens, including SHIB and BONE, into a basket ETF makes it appealing for investors seeking exposure to a diversified crypto product.

ESG Alignment

Another compelling reason for a SHIB ETF is the cryptocurrency’s alignment with ESG (Environmental, Social, and Governance) interests. Specifically, Shibarium Updates mentioned Shiba Inu’s commitment to social causes through the Karma Foundation, which aligns with ESG’s goals.

Global Reach

For the seventh reason, the post indicated that Shiba Inu has a global reach, leading to its adoption in gaming and payments. This widespread adoption positions Shiba Inu as a relevant asset for an ETF seeking the interest of international investors.

Proven Crypto-Related ETF Success

Eighth, it highlighted the success of Bitcoin and Ethereum ETFs, which attracted significant inflows following their launch. Positioning SHIB within this successful framework, Shibarium Updates speculated that an ETF tied to the canine-themed token could be attractive to investors seeking diversified crypto-related investments.

Forward-Thinking Leadership

Ninth, the community handle noted that prospective SHIB ETF issuers like BlackRock could reinforce their reputation as forward-thinking leaders who embrace cutting-edge innovative products.

Long-Term Growth

Lastly, it characterized SHIB as a high-potential asset for long-term growth, referencing Shiba Inu’s expanding ecosystem and historical performance.
The reasons above highlight SHIB as a suitable candidate for an ETF. Shibarium Updates expects these factors to convince asset managers like BlackRock and Grayscale to file for a SHIB ETF launch in the U.S.

Currently, no asset manager has officially submitted an application with the SEC to launch a SHIB ETF. Nonetheless, the community has remained optimistic that this will happen soon.