The petition to have Grayscale Investments launch an ETF product for Shiba Inu (SHIB) is gaining momentum. In just weeks, the proposal has received 5,761 signatures.ย
The Shiba Inu community has continued to# show resilience in its quest to have a top#pepe asset manager like Grayscale Investments launch an ETF product for SHIB.
Shiba Inu ETF Petition Gains Momentum
Recall that the community raised a petition #pepe directed at Grayscale in February, urging the asset manager to launch an ETF specifically for Shiba Inu.
The petitionย titledย โProposal for a Shiba Inu (SHIB) ETF by Grayscale Investmentsโ was introduced on February 25 by SHIB BPP. Expectedly, it has continued to gain momentum, with several Shiba Inu community members voting to support the initiative.
The crypto market witnessed a broader selloff on Friday, causing the global crypto market cap to fall almost 4% to $1.61 trillion. The Fridayโs expiry wreaks havoc on traders and investors, with nearly $250 million liquidated over the last 24 hours. The Crypto Fear & Greed Index slips from 63 (greed) to 56 (neutral).
Bitcoin price plunges within hours from $42,720 to a low of $40,631, extending the 24-hour fall to almost 4%. Top altcoins Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and others also witnessed a 3-7% drop within hours.
LUNC price tumbled 9% in the past 24 hours after the recentย proposals failed, with the price currently trading at $0.000113.
Bitcoin (BTC/USD)ย extended its recentย sidewaysย trading activity early in theย Asianย session as the pair wasย unableย toย testย significantย technical levelsย following recentย selling pressureย around theย 43569.23 level.ย ย The recentย highย around theย 49102.29ย area wasย BTC/USDโsย strongest printย since late December 2021.ย ย Trading activity hasย orbitedย theย 42715.80ย area for several trading sessions, aย downside price objectiveย related to recentย selling pressureย around theย 49102.29ย andย 46368.67ย areas.ย ย Afterย BTC/USDย recentlyย depreciatedย and tested aย downside price objectiveย around theย 41208.59ย area,ย buying pressureย emerged around theย 42495ย area, aย testย of a recentย upside
The price ofย bitcoinย has surged in 2023 as investors await approval for the first U.S. spotย bitcoin exchange-traded fund, which would be a milestone for cryptocurrency investors, experts say.
In early December, the digital currencyย topped $44,000ย for the first time since April 2022, and year-to-date gains were above 160%, as of Dec. 21, mostly fueled by optimism for aย spot bitcoin ETF.
๐ 176 days before the Bitcoin halving โ are you ready for the bull market?
Look at the screenshot from 2019. Anyone could have bought BNB or ADA and turned $100 into $13,000. No one knew what is BNB or ADA back then ๐ฅน#ETH#etf
Currently $BTC is just collecting liquidity in small TF before a big move, Soon i am expecting a big move in #Bitcoin. and our Plan is same as before โ I am Expecting that $BTC will again go up around 28.5K-29K$ to collect more liquidity and then we can see a Dawn side movement which can take #Bitcoin below 24.5K$ ๐งโ๐ป
It will be invalidated if $BTC closed 4H candle below 26.5K$
A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralized networks using blockchain technologyโa distributed ledger enforced by a disparate network of computers.
A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.