Shiba Inu Spot ETF Petition Crosses 10K Signatures: Wishful Thinking Or Inevitable Reality?
Portfolio Pulse from Aniket Verma
A petition for a Shiba Inu (SHIB) spot ETF has garnered over 10,000 signatures, indicating strong demand. The petition, initiated in February on Change.org, appeals to Grayscale Investments, the largest digital asset manager and issuer of Bitcoin and upcoming Ethereum spot ETFs.
June 12, 2024 | 6:32 am
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Grayscale Investments, the issuer of Bitcoin and upcoming Ethereum spot ETFs, is being petitioned to create a Shiba Inu spot ETF. The strong demand indicated by over 10,000 signatures could influence Grayscale's future product offerings.
The petition's strong support could push Grayscale to consider a Shiba Inu ETF, potentially expanding their product line and attracting more investors.
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