Bone

Shiba Inu

<p><em><strong>The Shib Army has initiated a campaign advocating for a Shiba Inu-specific ETF, submitting a petition to Grayscale Investments. Surpassing 500 signatures in a short span, the petition underscores robust community backing.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>SHIB’s widespread popularity and alignment with regulatory criteria are cited as compelling factors supporting its suitability for an ETF.</p><h3 id="shiba-inu-community-s-push-for-a-dedicated-etf">Shiba Inu Community’s Push for a Dedicated ETF</h3><p>The Shib Army, the <a href="https://cryptosheadlines.com/warning-shiba-inu-community-faces-increased-scam-threats/" rel="noopener noreferrer nofollow">Shiba Inu community</a>, is pushing for a special investment fund called an ETF just for Shiba Inu. This idea came up after discussions in a recent article in <a href="https://cryptosheadlines.com/shiba-inu-shib-price-and-market-update/" rel="noopener noreferrer nofollow">Shib Magazine about putting Shiba Inu in the ETF market</a>.</p><p>To make this happen, the community started a petition on change.org addressed to Michael Sonnenshein, the <a href="https://cryptosheadlines.com/grayscale-ceo-supports-balanced-crypto-regulation-for-innovation/" rel="noopener noreferrer nofollow">CEO of Grayscale</a> Investments. They want Grayscale to create a Shiba Inu ETF, following the trend of other cryptocurrencies like Ethereum, Solana, and XRP.</p><p>The petition, which started on February 25, has quickly gained support, getting over 500 signatures in a short time. Lucie, who leads marketing for Shiba Inu, also posted on X (formerly Twitter) on February 26 to encourage more people to join in.</p><p>The Shib Army believes Shiba Inu’s high search popularity in the U.S., shown in Google Trends, and its compliance with rules as an ERC-20 token on Ethereum, make it a perfect choice for this kind of investment.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="challenges-in-establishing-a-shib-etf">Challenges in Establishing a SHIB ETF</h3><p>Creating a Shiba Inu ETF faces challenges despite the Shib Army’s excitement and petition. Grayscale Investments, a big name in crypto, often looks at top cryptocurrencies to consider new offerings. But launching a Shiba Inu ETF isn’t simple.</p><p><a href="https://cryptosheadlines.com/microstrategys-michael-saylor-shares-bitcoin-exit-plan/" rel="noopener noreferrer nofollow">Also Read:   MicroStrategy’s Michael Saylor Shares Bitcoin Exit Plan</a></p><p>The petition by the Shib Army talks about Shiba Inu’s popularity and the benefits of having an ETF just for it. However, making this <a href="https://cryptosheadlines.com/bloomberg-anticipates-spot-bitcoin-etf-market-to-reach-100-billion/" rel="noopener noreferrer nofollow">ETF involves dealing with complex rules and carefully studying market</a> demand.</p><p>To get a <a href="https://cryptosheadlines.com/dogecoin-moon-mission-approved-shiba-inu-burn-rate-soars-500000/" rel="noopener noreferrer nofollow">Shiba Inu ETF approved</a>, it needs the U.S. Securities and Exchange Commission (SEC) to give the <a href="https://cryptosheadlines.com/fraud-lawsuit-against-celsius-founder-given-green-light-by-judge/" rel="noopener noreferrer nofollow">green light</a>. The SEC checks if a cryptocurrency is available on <a href="https://cryptosheadlines.com/japan-tightens-crypto-exchange-regulations-amid-growing-concerns/" rel="noopener noreferrer nofollow">regulated markets like the Chicago Mercantile Exchange</a> (CME).</p><p>The SEC also looked at this when considering an ETF for XRP, where having a futures market on the CME was important. Meeting all these rules means it’s tough to get approval for a Shiba Inu ETF, and experts say the chances right now aren’t very high.</p><h3 id="cryptocurrency-communities-push-for-etf-integration">Cryptocurrency Communities Push for ETF Integration</h3><p>The Shib Army’s initiative to petition for a Shiba Inu ETF reflects a broader trend among cryptocurrency communities aiming for deeper integration with traditional financial markets. ETFs provide a regulated and potentially more accessible avenue for investors to access cryptocurrencies without the need for direct ownership or management of digital assets.</p><p>The success of such petitions and campaigns depends heavily on community support and adherence to the stringent standards set by <a href="https://cryptosheadlines.com/21-us-regulatory-bodies-rally-against-crypto-bill/" rel="noopener noreferrer nofollow">regulatory bodies</a> like the SEC. These regulatory bodies play a vital role in evaluating the viability and compliance of proposed ETFs, ensuring investor protection and market integrity. Thus, while there is a growing desire for ETF integration, navigating the complex regulatory landscape is crucial for these initiatives to succeed effectively.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Shiba Inu Community Pushes for Dedicated Cryptocurrency ETF

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 26, 2024

Bitcoin Reaches New Peak as Altcoin Interest Surges in Turkey

AltSignals (ASI) outlook amid expert’s “huge” Bitcoin (BTC) prediction

Bitcoin Exchange OKX Announces Sixteenth Proof of Reserve! Why is the Amount of BTC and ETH Decre...

Stifel Financial Corp Boosts Stake in NVIDIA Amid AI Boom

DOGE May See Parabolic Rise If This Dogecoin Price Prediction Comes True

Ripple Stirs Curiosity with Unusual XRP Token Release

Join our free newsletter for daily crypto updates!