Shiba Inu Enters ETF Discussion Amid Growing Momentum
Shiba Inu is stepping into the conversation alongside some of the largest cryptocurrencies regarding exchange-traded funds (ETFs). The SHIB coin is attracting attention as it comes onto Coinbase’s radar. Coinbase already has a futures product for Shiba Inu in place, positioning the meme coin as a potential candidate for a future ETF. According to the marketing lead for SHIB, the coin is well-prepared for this move, and a market analyst forecasts considerable price growth—both confirm that SHIB is gaining momentum.
Shiba Inu Joins Coinbase’s ETF Watchlist
Susie S, SHIB’s marketing lead, mentioned that the coin has officially made it into Coinbase’s “ETF Watchlist Club.” This group already features notable cryptocurrencies such as Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and XRP. Being part of this club signifies that the Shiba Inu token is receiving more serious consideration.
She elaborated that Shiba Inu is poised for spot ETF consideration, thanks to Coinbase already offering a regulated futures contract known as the “1K SHIB Index.” This is critical as it places SHIB on a trajectory similar to that of Bitcoin (BTC) and Ethereum (ETH) before they secured approval for spot ETFs. For the first time, the meme coin finds itself in discussions with two leading cryptocurrencies.
While the immediate launch of a standalone Shiba Inu ETF might be challenging, Susie S indicated that it could be included in a broader product, like a “Top 10 Crypto ETF” that combines multiple coins.
Analysts Forecast Bright Future for SHIB
Market analyst Heber Mayen envisions a promising future for Shiba Inu. In a post on X, he shared a SHIB price chart, stating, “It’s gonna be massive!” His remark underscores the growing interest surrounding Shiba Inu as it becomes increasingly active in trading markets.
Mayen pointed out that SHIB’s performance on Coinbase’s perpetual markets serves as a key indicator. As trading activity increases with more users buying and selling SHIB, trading volume escalates. This uptick in volume can contribute to fulfilling one of the requirements for ETF approval. Essentially, greater trading of Shiba Inu at this time strengthens the case for a future ETF.
Currently, Shiba Inu is drawing in more leveraged traders, and this ETF activity may be fueling ongoing speculation. Analysts like Mayen suggest that momentum is favoring SHIB as investors look for the next major crypto ETF candidate. The combined effect of price action and trading volume helps to craft a market narrative that may elevate Shiba Inu into the limelight. With endorsements from its marketing lead and optimistic sentiments from analysts, the SHIB meme coin could very well become the next big sensation.
