NewsletterShiba Inu (SHIB) ETF Now On Community Radar, Will It See Light of Day?
Highlights
- Shiba Inu marketing lead Lucie has called attention to a potential Shiba Inu ETF
- This clamor is hinged on Shiba Inu's growing influence in building communities
- The call was made specifically to BlackRock, known as the largest issuer with most ETF
Ever since spot Bitcoin ETFs launched in the United States, it seems to have finally set the pace for other cryptocurrencies including Shiba Inu (SHIB), to pursue a similar product.
Shiba Inu Teases BlackRock For SHIB ETF
Shiba Inu’s marketing lead Lucie took to X recently to hint at the possibility of a SHIB ETF. Lucie began her post by posing a question to no one in particular, “How is the Shib ETF?”. Lucie suggested that institutions do not recognize or understand how important the SHIB token is to “the people and their future finances.”
How is the Shib ETF?
I honestly don’t know if institutions will understand how important $SHIB is to people and their future finances.
I wish @BlackRock would understand the magic and power of $SHIB, but let’s see how visionary they are.
The most important thing for us is to… pic.twitter.com/yI7hzQGLVo
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 10, 2024
The Shiba Inu executive went on to reference investment asset management firm and spot Bitcoin ETF issuer BlackRock, stating that she wishes the firm understand the potential of SHIB. By this statement, the SHIB marketer appears frankly called the attention of BlackRock towards considering SHIB ETFs.
“….let’s see how visionary they are,” Lucie added further supporting speculations of an invitation to BlackRock.
On the other hand, the top Bitcoin ETF issuer is yet to respond to this subtle invitation. However, members of SHIB Army are elated by the possibility of a Shiba Inu Exchange Traded Products. A few members reacted to Lucie’s post with comments like “#SHIB ETF will change many lives,” “Yes to SHIB ETF.” Still, it is not yet clear whether the Shiba Inu ETF will happen, how much more ‘when’.
Lucie concluded the X post stating that “We aim to build something significant. It might not be entirely original, but I know what we are building is significant for the future of decentralized finance. It’s for the people and for freedom of choice. No matter who you are – from housekeeping to Top management. All Hail #Shibarium.”
Other Cryptocurrencies Seek ETF Listing
The clamor for a Shiba Inu ETF does not come with any surprise considering that many market observers and experts anticipated a broad-based crypto ETF movement. Standard Chartered Bank analyst Geoffrey Kendrick predicted that the Securities and Exchange Commission (SEC) could approve crypto ETFs for other coins like Solana (SOL) and Ripple’s XRP.
Kendrick does not see the possibility of having these crypto ETFs until 2025. The call for both SOL and XRP ETFs became intense after the Commission approved spot Ethereum ETFs last month. Markedly, trading is yet to commence for the Ethereum ETFs due to some modalities but it is expected to happen before the end of June.
Read More: Terra Luna Classic Community Approves 256 Million LUNC Community Pool Spend
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