Shiba

2024

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The <a href="https://u.today/shiba-inu-shib-community-gets-critical-message-what-it-pertains-to" rel="noopener noreferrer nofollow">Shiba Inu community</a> is abuzz with excitement following a significant development that could pave the way for a Shiba Inu Exchange-Traded Fund (ETF). Coinbase, a leading cryptocurrency exchange, has made a crucial filing that could potentially boost the prospects of a SHIB ETF, sending waves of optimism across the Shiba Inu community.
Last Friday, Coinbase Derivatives filed new futures contracts tied to Shiba Inu and four other cryptocurrencies, marking a significant advance in the growing landscape of crypto-related financial products. Coinbase expects to debut the new futures contracts on July 15, pending CFTC approval.
If approval is granted, Shiba Inu will join the ranks of CFTC-regulated margined futures contracts, marking its debut on the first-ever U.S. futures market.
<blockquote>
 Coinbase Boosts <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> ETF Prospects with <a href="https://twitter.com/hashtag/Shiba?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shiba</a> Inu Futures Filing With CFTC <a href="https://t.co/aRrJH9mbCt" rel="noopener noreferrer nofollow">https://t.co/aRrJH9mbCt</a> <a href="https://t.co/3NiAdVUFTP" rel="noopener noreferrer nofollow">pic.twitter.com/3NiAdVUFTP</a>— RagnarShib.eth (@RagnarShiba) <a href="https://twitter.com/RagnarShiba/status/1807445999960363212?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 30, 2024</a>
</blockquote>
<a href="https://x.com/RagnarShiba/status/1807445999960363212" rel="noopener noreferrer nofollow">RagnarShiba</a>, a social media admin for Shiba Inu, reiterates the impact of Coinbase's latest move with a filing on Shiba Inu futures submitted to the Commodity Futures Trading Commission (CFTC). This step is seen as a foundational move that could lead to the creation of a SHIB ETF, offering investors a new way to engage with the popular meme cryptocurrency.
<h2 id="anticipation-grows-in-shiba-inu-community">Anticipation grows in Shiba Inu community</h2>
The enthusiasm within the <a href="https://u.today/crucial-shib-rewards-warning-issued-to-shiba-inu-community" rel="noopener noreferrer nofollow">Shiba Inu</a> community is palpable, with discussions and speculation running rampant on social media platforms. Investors and enthusiasts alike are closely monitoring the situation, eager to see how the CFTC will respond to Coinbase's filing.
The prospect of a SHIB ETF is particularly exciting for the community as it would mark a significant milestone in Shiba Inu's journey but also a potential catalyst for increased adoption and investment.
ETFs are known for providing a more accessible route for investors to gain exposure to assets, and a SHIB ETF would be no different. It would allow a broader range of investors to speculate on the price of Shiba Inu without the need to directly purchase and store the digital tokens.
At the time of writing, SHIB was down 1.67% in the last 24 hours to $0.00001708.

Shiba Inu ETF Buzz: Coinbase Filing Sparks SHIB Community Excitement

Table of Contents

U_Today

Outros artigos publicados em 2 de jul. de 2024

ADA Price: Cardano Breakout Before Hard Fork?

What Makes Qubetics Whitelist a Promising Alternative to Tron and Near Protocol?

South Korean Exchanges Pledge Compliance Amid New Altcoin Regulation, Here’s All

Hashdex’s Bitcoin-Ethereum ETF gets a nod from the SEC

”Roaring Kitty” Keith Gill Becomes Chewy’s Third Largest Individual Shareholder With 6.6% Stake

Chainlink (LINK) and Cardano (ADA) Enter Top 5 Most Active Cryptocurrencies

Join our free newsletter for daily crypto updates!