Late last month, asset manager VanEck filed to launch the first Solana ETF in the U.S. market. Meanwhile, amid the ETF craze, members of the Shiba Inu community have supported the launch of a Shiba Inu ETF. The community has petitioned asset manager Grayscale Investments to launch such a product.  

While the petition has attracted attention, Grayscale has yet to respond. The reason for the increased demand for spot Shiba Inu ETFs is the potential impact the product could have on Shiba Inu prices. Notably, if demand is strong, the ETF could attract enough capital to enter the Shiba Inu market.

While this could have a significant impact on prices, the actual extent of such an impact remains uncertain. Crypto Basic recently assessed the scenario in which the Shiba Inu ETF records half of the Bitcoin ETF inflows. Notably, 50% of the $14.76 billion figure is $7.38 billion.  

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