shibaInu Price After SHIB ETF Approval if it Gets 30% of #BitcoinETF Inflows
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The #CryptoMarket is drawing traditional finance investors with the success of Bitcoin ETFs, sparking discussions about ETFs for other cryptocurrencies like Ethereum and Shiba Inu.
BlackRock and Fidelity Investments show interest in Ethereum ETFs, but SEC disputes over Ethereum's security classification pose challenges.
Meanwhile, Shiba Inu's decentralized nature avoids security labeling, potentially clearing the path for a SHIB ETF. The community urges BlackRock to launch one, initiating a supportive petition.
A SHIB ETF's impact on price hinges on adoption. Bitcoin's ETFs saw substantial inflows totaling $11.946 billion since January, projecting $35.78 billion by year-end. If SHIB ETF garners 30% of this, it could attract $10.734 billion, boosting market cap by $100 billion, positioning SHIB among the top 5 cryptos.
With SHIB's circulating supply steady, this could drive its price to $0.0001917, a 750% increase from its current value of $0.00002256.
