Shiba

Changer

Bitcoin ETF

Shiba Inu

<p>The post <a href="https://coinpedia.org/news/bitcoin-etf-will-be-a-game-changer-for-shiba-inu-shib-says-pawzone-founder/" rel="noopener noreferrer nofollow">Bitcoin ETF Will be a Game Changer for Shiba Inu (SHIB) – Says PawZone Founder</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The founder of PawZone NFT marketplace, widely recognized on social media platforms as <a href="https://twitter.com/jds_updates" rel="noopener noreferrer nofollow">@jds_updates</a>, has recently shared his bullish perspective on the impact of a potential <a href="https://coinpedia.org/news/breaking-news-sec-sets-deadline-for-spot-bitcoin-etf-applicants/" rel="noopener noreferrer nofollow">Bitcoin (BTC) spot Exchange-Traded Fund (ETF) approval</a>. This move, he asserts, could significantly boost the prospects of cryptocurrencies such as Shiba Inu (SHIB) and PawZone’s native token, PAW.</p>
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   <p lang="en" dir="ltr">I personally believe <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> and <a href="https://twitter.com/search?q=%24PAW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PAW</a> (PAWZONE) are only getting started as the overall crypto market experiences one of the biggest catalysts of all time.<br><br>Many catalysts in crypto have led to a “buy the rumor, sell the news” scenario. <br><br>However, an ETF allows a ton of big money… <a href="https://t.co/AtAIF59iJj" rel="noopener noreferrer nofollow">pic.twitter.com/AtAIF59iJj</a></p>— JD’s Updates (@jds_updates) <a href="https://twitter.com/jds_updates/status/1738948721050886399?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 24, 2023</a>
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<p>The anticipated approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC) is creating waves of excitement and speculation within the crypto community. The PawZone founder’s insights suggest that the approval of a Bitcoin ETF might herald the beginning of a new era for digital currencies. This decision, if materialized, could lead to the influx of substantial institutional funds into Bitcoin and potentially set a precedent for other cryptocurrencies to launch their own ETFs.</p>
<h2 class="wp-block-heading" id="h-shib-and-paw-set-for-growth"><strong>SHIB and PAW: Set for Growth</strong></h2>
<p>Focusing on Shiba Inu and PAW, the PawZone founder emphasizes that these tokens are “just getting started.” The potential approval of a Bitcoin ETF is viewed as a pivotal catalyst that could propel these digital assets into a new phase of growth and mainstream acceptance. The founder’s vision extends beyond immediate price appreciation to a longer-term perspective of market evolution and expansion.</p>
<p>In parallel, the Shiba Inu team is reportedly gearing up for a significant upgrade that will automate SHIB burns, a move aimed at reducing pressure on the BONE token within the Shibarium ecosystem. This automation is expected to enhance efficiency and support the token’s stability and growth. The SHIB community has already demonstrated its commitment to reducing supply, with substantial SHIB burns reported in recent times.</p>
<p><em>Also Read – </em><a href="https://coinpedia.org/news/will-bitcoin-etfs-ignite-a-2024-bull-run-or-collapse/" rel="noopener noreferrer nofollow"><em>Will Bitcoin ETFs Ignite a 2024 Bull Run or Collapse?</em></a></p>
<h2 class="wp-block-heading" id="h-market-outlook-and-expert-predictions"><strong>Market Outlook and Expert Predictions</strong></h2>
<p>With BTC currently trading around $43,639.22, the potential approval of a Bitcoin ETF is stirring <a href="https://coinpedia.org/news/heres-when-bitcoin-btc-price-will-hit-250k-predicts-tim-draper/" rel="noopener noreferrer nofollow">expert predictions</a> and market optimism. Some analysts forecast BTC breaching the $50,000 mark in early 2024, buoyed by the <a href="https://coinpedia.org/news/heres-when-bitcoin-btc-price-will-surge-to-500k-predicts-analyst-james-van-straten/" rel="noopener noreferrer nofollow">high likelihood of ETF approval</a>. This sentiment is echoed by prominent investors and advisors, who place the odds of approval at an impressive 98.7%.</p>

Bitcoin ETF Will be a Game Changer for Shiba Inu (SHIB) – Says PawZone Founder

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