Home DeFi & NFT Shiba Inu Team Advocates for SHIB as ETF Asset

Shiba Inu Team Advocates for SHIB as ETF Asset

Shiba Inu

Shiba Inu (SHIB) has rapidly gained prominence within the cryptocurrency landscape, securing its position as the 17th-largest digital asset by market capitalization. Despite this growing popularity, no asset manager has filed to create a SHIB-focused Exchange-Traded Fund (ETF) in the United States. This has raised concerns among Shiba Inu supporters, especially as major asset managers are pursuing spot ETFs for other cryptocurrencies, such as Dogecoin (DOGE) and the recently introduced Official Trump (TRUMP). In response, Shiba Inu’s ecosystem team and community members have introduced a campaign to highlight why SHIB is a strong candidate for an ETF.

Lucie, Shiba Inu’s marketing lead, took to X (formerly Twitter) to make the case for SHIB as an ideal asset for an ETF. Her thread outlined several key reasons why the cryptocurrency is a suitable candidate, focusing on its accessibility, growth potential, price stability, and decentralized nature. One of the first points Lucie emphasized was SHIB’s widespread accessibility. The token is available on more than 110 crypto exchanges across 212 trading pairs, including popular pairs like SHIB/USDT and SHIB/BTC. For firms looking to create ETFs, accessibility and liquidity are critical factors. Lucie’s argument was that SHIB’s presence on numerous exchanges makes it a strong contender, as it ensures high liquidity and ease of trade, both of which are essential features for any asset intended for inclusion in an ETF.

Another important point Lucie raised was the evolution of SHIB over the years. Shiba Inu has transformed into a decentralized, community-driven project. Lucie explained that SHIB is built for longevity, and its transformation into a more robust ecosystem gives it staying power in the competitive crypto market. She specifically highlighted that SHIB could attract traditional investors, particularly those from older generations who typically focus on assets like stocks that are designed to endure. Lucie’s portrayal of SHIB as a well-established asset with long-term potential aims to reassure more cautious investors that the token is not a short-lived fad, but rather a cryptocurrency capable of maintaining its value and relevance over time.

Lucie also addressed the issue of price manipulation, which is often a concern with volatile digital assets. She argued that manipulating the price of SHIB is extremely difficult, as the token’s market capitalization is large and its decentralized nature makes it resistant to control by any single entity. She compared it to Bitcoin, suggesting that anyone capable of manipulating SHIB’s price would likely have the same influence over Bitcoin’s performance. This ability to resist manipulation, Lucie claimed, makes SHIB a stable and reliable asset that could function well within the structure of an ETF.

Additionally, Lucie emphasized the community-driven growth of Shiba Inu. Unlike many projects that rely on a central figure or organization for success, Shiba Inu thrives because of its decentralized ecosystem, which encourages innovation and continuous development. This open model means that SHIB is not dependent on any single entity or individual to continue growing, making it more resilient in the face of market fluctuations and challenges.

Although no formal ETF filing for SHIB has been made yet, Lucie’s argument underscores the token’s potential for approval. This is bolstered by the recent SEC declaration that many digital assets, including SHIB, are not classified as securities. This clarification strengthens SHIB’s chances of being approved for an ETF, aligning with the growing trend of traditional finance firms exploring cryptocurrency-backed financial products. The ongoing campaign by Shiba Inu’s community highlights the asset’s viability as a long-term investment, suggesting that its future as part of an ETF could soon become a reality.

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Pankaj K

Pankaj is a skilled engineer with a passion for cryptocurrencies and blockchain technology. With over five years of experience in digital marketing, Pankaj is also an avid investor and trader in the crypto sphere. As a devoted fan of the Klever ecosystem, he strongly advocates for its innovative solutions and user-friendly wallet, while continuing to appreciate the Cardano project. Like my work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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