Proposal of Shiba Inu Etf – Could it be the moment of break from Shib?

by Barry Solano
0 comments

Reason to trust

Strict editorial policy which focuses on precision, relevance and impartiality

Created by industry experts and meticulously revised

The highest standards in the declaration and publishing

Strict editorial policy which focuses on precision, relevance and impartiality

Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.

This article is also available in Spanish.

A Shiba Inu marketing leader sparked a conversation on a possible ETF for the cryptocurrency of the same popular. According to market observers.

Related reading

Shib Exec points to exchange the presence as an ETF factor

Lucie, who serves as a marketing manager for Shiba Inu, posted on X Salogner has the right qualities to become an ETF. She pointed out that cryptocurrency is currently available on more than 110 scholarships with 212 trading pairs. This broad availability, she says, made a solid candidate for a negotiated stock market.

“Because Shib is not only a meme – it is decentralized, focused on the community and built to last,” wrote Lucie in her article.

His comments drew attention as investors are looking for signs that coins could follow the Bitcoin and Ethereum path in Secure FNB approval.

Recent crypto and fuel speculation deposits

The conversation around a possible ETF Shiba Inu follows several developments in the cryptocurrency ETF space. According to reports, Canary Capital recently filed an S-1 form to the American Securities and Exchange Commission requesting the approval of an ETF SU.

The SEC also recognized the deposit of Grayscale for an ETF of Dogecoin, which has been talked about similar opportunities for the other parts even. Some market observers have suggested that Blackrock could deposit an ETF of Dogecoin, although this is not confirmed.

These developments have created an atmosphere where investors envisage which cryptocurrencies could then receive an ETF treatment.

A massive leap in the burning rate draws the attention of investors

While the ETF discussions took steam, Shib saw its burning rate increase by 8,457% on Monday. Based on monitoring of follow -up sites, more than a billion shib tokens were permanently removed from traffic in a period of 24 hours.

The burning mechanism works by sending tokens to a specific address where they can never be recovered, effectively reducing the total offer. After this big burn, the supply of circulation amounts to 584.35 billions of parts.

Cryptocurrencies markets often react positively to supply reductions, after the basic principles of supply and demand that suggests that fewer tokens available could cause price increases.

CAP Boursière SPH currently at $ 7.7 billion. Chart: TradingView.com

The price movement remains modest despite the optimism of the market

Despite the excitement concerning the potential developments of ETFs and the spectacular increase in the burning rate, the Shib price movement was relatively low. The same has only experienced a price increase of 1%, reaching $ 0.0000,1303 when writing the editorial’s time.

The price varied from 0.0000128 to 0.00001309 $ in the previous 24 hours, showing limited volatility despite the news.

Related reading

Meanwhile, Coinglass market data shows growing interest in Shibian derivatives. The interest opened in term contracts on Shiba Inu increased from $ 3.5% to $ 120 million, while the negotiation volume jumped from $ 20% to $ 70 million.

These indicators suggest one thing: the traders are now paying particular attention to the memes piece – even if the price has not yet reflected the optimism expressed by community figures and certain investors.

Although an ETF Shiba Inu gives a boost to the appeal of Shiba Inu, the regulatory approval remains in the air. The dry has only recently approved the Bitcoin and Ethereum ETF after years of candidates, which suggests that the same parts can deal with a long track with similar recognition.

Star image of Gemini Imagen, tradingView graphic



Source

You may also like

Leave a Comment