In addition, this message has ignited speculation among Shiba Inu investors and enthusiasts, suggesting that the meme coin might follow in Ethereum’s footsteps with its own ETF. The SEC’s approval of the Ethereum ETFs was unexpected, given the agency’s recent inactivity in engaging with issuers.
Hence, the eight approved ETFs include offerings from financial heavyweights such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. These ETFs will be listed on major exchanges including CBOE, NYSE ARCA, and NASDAQ. Moreover, it’ll broaden Ethereum’s accessibility to a wider range of investors.