Can SHIB ETF Soon Become A Reality?

With VanEck filing for a Solana ETF, the ETF hype is now ushering in a new wave of change within the cryptocurrency sector. The realm is presently undergoing dynamic changes, which can propel the industry to encounter a massive influx of funds and consumers. With Bitcoin, Ethereum, and now Solana ETFs in the mix, Shib community enthusiasts are vying for a one-of-a-kind Shiba Inu ETF, which, if approved, can be deemed a groundbreaking development to explore and interact with.

Also Read: Shiba Inu Burns Surge 101%: $0.01 Price Incoming For SHIB?

Shiba Inu ETF Campaign Welcomes Thousands of Signatures

Exchange-traded funds, or ETFs, are dubbed traditional trading instruments. When mixed with the world of cryptocurrency, a novel product is born that injects the essence of traditionalism into the unique crypto culture. ETFs mixed with the crypto realm have lately forged new milestones. Bitcoin ETFs have amassed billions of dollars in volume since their launch. With talks of Ethereum and Solana ETFs being initiated, the Shiba Inu community is also vying for a potential SHIB ETF to launch, the one that can take Shiba Inu to new price heights.

To help SHIB ETFs become a reality, the token’s robust community has already started to spearhead signature campaigns. One of the campaigns has already received 10,000 signatures, a number that keeps increasing with each passing day.

Shiba Inu ETF, if introduced soon, can have a euphoric effect on the price of the token. The price of SHIB has recently been touching new lows, primarily as Bitcoin tanked briefly to hover at a price range of $61k. The development temporarily halted the altcoin surge. SHIB is currently trading at $0.00001723, up 2% in the last 24 hours, awaiting a new price push to reclaim its fallen valuation.

Grayscale Deems Shiba Inu A Significant Crypto Asset

Investment behemoth Grayscale has dubbed Shiba Inu as one of the most valuable crypto assets to exist.

In a post shared on X, Grayscale shared an image outlining the leading cryptocurrencies by market cap. The list officially acknowledged SHIB as one of the significant cryptos to exist, leading SHIB to claim another milestone.