The digital asset market saw the groundbreaking approval of both Ethereum and Bitcoin ETF this year. This event marked a massive shift in exposure and prominence within the financial sector. With more assets poised to receive similar investment offerings, could a Shiba Inu ETF be on the horizon?
There have already been discussions about which cryptocurrency could follow BTC and ETH. Standard Chartered Bank has already predicted that Solana and Ripple will get iterations of the ETF in 2025. However, the second-largest meme coin by market cap getting its own iteration of the investment vehicle would truly mean the beginning of a new era.
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Shiba Inu ETF launch and a turning point for investors
In recent months, the cryptocurrency industry has seen two milestones. First of all, Bitcoin received the first cryptocurrency-based spot ETF in the United States. Just five months later, Ethereum followed suit, with the US Securities and Exchange Commission (SEC) give the green light to the project.
The latter came as a shock to many, with experts predicting a continued delay in ETH supply. Subsequently, with all eyes on which asset could receive an ETF next, another big surprise may be in the works. Specifically, what if a Shiba Inu (SHIB) was next in line for an ETF?
SHIB is the second largest meme coin with a market capitalization of $14 billion, according to CoinMaretCap. It is only behind Dogecoin (DOGE), but it is very different from its competitors in the market. Shiba Inu is an asset that continually seeks greater utility, thus increasing its viability in the cryptocurrency sector.
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The idea has been adopted by the SHIBArmy, and Shiba Inu creator Shytoshi Kusama recently addressed the prospect. in a recent post on X (formerly Twitter), Kusama congratulated Ethereum and wondered if the approval โpaved the way for SHIB.โ
However, Kusama noted that he would "remain focused on what lies ahead." Furthermore, he urged SHIB investors to pay attention to the publication. Although it would be a long shot, a Shiba Inu ETF would really facilitate a shift in the market. Additionally, SHIB would enjoy new exposure to institutional investment and unprecedented profits.
On the contrary, there is no denying the inflection point that the Ethereum ETF has already presented. The field is wide open, as it appears that Wall Street is more prepared than ever to fully embrace the sector. So why not Shiba Inu?
