Kusama’s Hint Sparks Excitement
Shiba Inu lead developer Shytoshi Kusama has hinted at the possibility of a SHIB spot ETF. This comes after the recent approval of Ethereum spot ETFs by the SEC.
Kusama congratulated Ethereum on their achievement and raised the question of whether a similar path could be possible for SHIB. He left the decision to the Shiba Inu community.
SHIB Spot ETF Discussion Gains Traction
The idea of a SHIB spot ETF has been floating around since the approval of Bitcoin ETFs in January. The Shiba Inu team has also expressed interest in introducing such products.
Despite skepticism from some industry experts, SHIB’s status as a non-security and its strong community support make it a potential candidate for institutional investment.
Grayscale Petition
Shiba Inu has taken steps to make a spot ETF a reality by petitioning Grayscale Investments. The petition highlights the market demand, accessibility, regulatory compliance, and leadership potential of a SHIB spot ETF.
