Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds
    • Mexican government unveils $540M industrial hub to lure investments
    • ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record
    • SoftBank, Rakuten tap Japan’s booming retail demand for bonds
    • Financial advice about living trusts, capital gains and COBRA
    • What is Expense Ratio in Mutual Funds? – Money Insights News
    • Billionaires Buy 2 Magnificent Index Funds That a Wall Street Analyst Says Could Soar 132%
    • not the FTSE 100 or S&P 500)
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»ETFs»Shiba Inu Team Touts Imminent Introduction of SHIB ETFs
    ETFs

    Shiba Inu Team Touts Imminent Introduction of SHIB ETFs

    July 12, 2024


    Lucie, a Shiba Inu marketer, expresses confidence in the arrival of SHIB ETFs, but outlines the drawbacks as well as the benefits they could bring.

    Amid the success of the spot Bitcoin ETFs, which currently boast $15.5 billion in net inflows since January, discussions around exchange-traded funds (ETFs) have spilled to other crypto assets.

    Discussions around Crypto ETFs

    The top contender for the next batch of ETFs is Ethereum. The SEC recently approved 19b-4 filings from different issues to launch a spot Ethereum ETF. However, the regulatory agency still needs to approve the S-1 registrations for these products to start trading.

    Interestingly, asset manager VanEck recently filed for the first Solana ETF, with 21Shares following suit shortly after. ETF analysts believe the chances of an approval for this product are low, especially this year. Bloomberg ETF analyst Eric Balchunas noted that the final deadline for a response on these filings could be March 2025.

    Lately, however, attention has turned towards Shiba Inu (SHIB), with calls for the introduction of SHIB ETFs gaining momentum.

    The SHIB community, buoyed by the success of Bitcoin ETFs and the growing attention on other assets, is actively advocating for asset managers to file for SHIB ETFs. These efforts include a petition directed at Grayscale, but concrete responses are still pending.

    Amid these calls, Lucie, a spokesperson from the Shiba Inu ecosystem team, expressed confidence in the prospect of a SHIB ETF. She emphasized that institutional interest in SHIB’s decentralized nature could pave the way for its ETF inclusion, similar to trends observed with other cryptocurrencies.

    Do I think a $SHIB ETF will happen?

    Most definitely, because institutions have already discovered the beauty of Shiba Inu’s decentralized nature.

    — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 11, 2024

    Benefits of SHIB ETFs

    However, Lucie emphasized in a separate post that SHIB ETFs could present drawbacks as well as benefits for the ecosystem.  

    Why would a $SHIB ETF be great, and why not?

    1.Why a SHIB ETF Would Be Great:

    •Accessibility: A SHIB ETF would make it easier for traditional investors to gain exposure to Shiba Inu without needing to navigate cryptocurrency exchanges.

    •Regulation and Security: ETFs are… pic.twitter.com/pZTXWCVVcX

    — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 11, 2024

    According to her, it would simplify the process for traditional investors to gain exposure to Shiba Inu without the need to go through exchanges. This accessibility is a major advantage, potentially opening up the market to a broader audience.

    Furthermore, as regulated instruments, SHIB ETFs would provide a level of security and compliance that could attract institutional investors who are typically cautious about the crypto market’s “wild west” nature. 

    Moreover, Lucie stressed that the introduction of SHIB ETFs could also enhance diversification strategies by including a mix of related assets, thereby mitigating risk. Additionally, listing SHIB in an ETF could boost liquidity and demand. This is likely to impact Shiba Inu’s price positively.

    Drawbacks of SHIB ETFs

    However, Lucie also highlighted some potential drawbacks of SHIB ETFs. One major concern is the issue of centralization. While ETFs could bring stability, they also centralize control. The centralization feature might reduce the influence of the community over governance decisions.

    Another drawback is a decrease in direct Shiba Inu ownership. Investors in a SHIB ETF would not hold SHIB tokens directly. Consequently, they would not be able to engage in DeFi activities like staking. This might lead to reduced participation in these activities.

    Additionally, ETFs come with management fees and regulatory oversight, which could deter cost-conscious DeFi participants. While these features provide security and legitimacy for cautious investors, they might not appeal to everyone.

    Lastly, Lucie noted that a concentration of SHIB ownership through ETFs could introduce risks of market manipulation. This centralization could lead to potential market influence by a few.

    Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

    -Advertisement-





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    not the FTSE 100 or S&P 500)

    August 30, 2025

    Ethereum ETFs Close Out August With $164 Million In Outflows

    August 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    The Evolution of Art and Art Investments: A Historical Perspective on Fruitful Returns and Wealth Management

    August 21, 2023
    Don't Miss
    Bonds

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds…

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025

    SoftBank, Rakuten tap Japan’s booming retail demand for bonds

    August 31, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    BREAKING: Canary Capital Files For Spot Solana ETF

    October 30, 2024

    Trump Inflation Is Being Priced Into Bonds and Mortgage Rates

    October 24, 2024

    Is AT&T Inc. (NYSE:T) The Most Popular Stock Among Mutual Funds According To Goldman Sachs?

    October 10, 2024
    Our Picks

    Giants’ Willy Adames ends crazy drought with San Francisco history not done since Barry Bonds

    August 31, 2025

    Mexican government unveils $540M industrial hub to lure investments

    August 31, 2025

    ‘People Might Be Underestimating Demand For Spot XRP ETFs,’ ETF Expert Says As CME XRP Futures Set Open Interest Record

    August 31, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.