Shiba Inu’s Head of Marketing, Lucie, recently drew attention to the important benefits of a potential SHIB ETF on X and fueled optimism about the upcoming SHIB ETF.
Shiba Inu Marketing Executive Lucie’s recent comments regarding a potential SHIB ETF have caused a stir throughout the crypto industry. The marketing executive shared a post on X today (July 11) highlighting key aspects of why ETFs can be extremely beneficial, bringing a glimmer of hope for the upcoming SHIB ETF.
With the Ethereum ETF on the horizon, and a potential SOL ETF on the horizon, the announcement surrounding the SHIB ETF has quickly gained traction across the crypto market. Let’s take a deeper look at the Shiba Inu marketing executive’s comments and why it has sparked an optimistic discussion in the global crypto community.
Lucie points out the advantages of SHIB ETF and the hope of its upcoming launch
It is noteworthy that Lucie presented four key advantages of a possible SHIB ETF to X. These advantages include:
Accessibility: Shiba Inu exchange-traded products pave the way for traditional investors to gain exposure to meme-based assets without having to go through the hassle of going through an exchange.
Regulation and Security: Lucie highlighted how ETFs are regulated financial products. This provides investors with additional security and compliance, and even attracts institutional investors.
Diversification: “ETFs can contain a basket of related assets, reducing risk through diversification,” adds Lucie.
Increased demand: As seen with the launch of the Bitcoin ETF, the listing of digital asset ETFs has greatly increased their demand and liquidity. At the same time, "listing SHIB in the ETF is likely to increase demand and liquidity, potentially increasing its value," said Lucie.
While these factors bring optimism to the upcoming SHIB ETF, the marketing executive also highlighted potential setbacks that Shiba Inu may encounter in its DeFi attempts.
Lucie Focuses on Disadvantages
Lucie said the launch of an ETF could come with a number of setbacks. These include:
Centralization vs. decentralization: Exchange-traded products centralize control of assets, which is in stark contrast to the decentralized ethos of DeFi.
Loss of direct ownership: ETF investing eliminates the possibility of participating in DeFi activities such as staking and governance, providing investment opportunities at the expense of losing participation in the project.
Reduced Participation: The above factors are directly correlated to reduced participation within the ecosystem, thus weakening the ecosystem.
Cost and Regulation: Lucie added that ETFs involve management fees and regulatory oversight, which discourages cost-conscious DeFi participants but provides security and legitimacy to cautious investors. As seen in the recent re-filing of Ethereum’s S-1 Amendment Form, these factors could negatively impact Shiba Inu’s market dynamics.
Shiba Inu market performance
Meanwhile, SHIB’s price is trading in the red zone today, down 1.57% to $0.0000165, in line with the broader market trend. The 24-hour bottom and top are $0.00001619 and $0.00001682, respectively.
Shiba Inu’s 14-day RSI is moving around the 42 mark today, suggesting that the asset is neither overbought nor oversold, although some downside pressure may exist. Nevertheless, recent price analysis by CoinGape Media highlights that investors could see a 30% plunge in SHIB prices before a major rally, offering a glimmer of hope for the long-term prospects of the meme token and a possible future SHIB ETF.
Shiba Inu’s Head of Marketing, Lucie, recently drew attention to the important benefits of a potential SHIB ETF on X and fueled optimism about the upcoming SHIB ETF.
Shiba Inu Marketing Executive Lucie’s recent comments regarding a potential SHIB ETF have caused a stir throughout the crypto industry. The marketing executive shared a post on X today (July 11) highlighting key aspects of why ETFs can be extremely beneficial, bringing a glimmer of hope for the upcoming SHIB ETF.
With the Ethereum ETF on the horizon, and a potential SOL ETF on the horizon, the announcement surrounding the SHIB ETF has quickly gained traction across the crypto market. Let’s take a deeper look at the Shiba Inu marketing executive’s comments and why it has sparked an optimistic discussion in the global crypto community.
Lucie points out the advantages of SHIB ETF and the hope of its upcoming launch
It is noteworthy that Lucie presented to X four key advantages of a possible SHIB ETF. These advantages include:
Accessibility: Shiba Inu exchange-traded products pave the way for traditional investors to gain exposure to meme-based assets without having to go through the hassle of going through an exchange.
Regulation and Security: Lucie highlighted how ETFs are regulated financial products. This provides investors with additional security and compliance, and even attracts institutional investors.
Diversification: “ETFs can contain a basket of related assets, reducing risk through diversification,” adds Lucie.
Increased demand: As seen with the launch of the Bitcoin ETF, the listing of digital asset ETFs has greatly increased their demand and liquidity. At the same time, "listing SHIB in the ETF is likely to increase demand and liquidity, potentially increasing its value," said Lucie.
While these factors bring optimism to the upcoming SHIB ETF, the marketing executive also highlighted potential setbacks that Shiba Inu may encounter in its DeFi attempts.
Lucie Focuses on Disadvantages
Lucie said the launch of an ETF could come with a number of setbacks. These include:
Centralization vs. Decentralization: Exchange-traded products centralize control of assets, which is in stark contrast to the decentralized ethos of DeFi.
Loss of direct ownership: ETF investing eliminates the possibility of participating in DeFi activities such as staking and governance, providing investment opportunities at the expense of losing participation in the project.
Reduced Participation: The above factors are directly correlated to reduced participation within the ecosystem, thus weakening the ecosystem.
Cost and Regulation: Lucie added that ETFs involve management fees and regulatory oversight, which discourages cost-conscious DeFi participants but provides security and legitimacy to cautious investors. As seen in the recent re-filing of Ethereum’s S-1 Amendment Form, these factors could negatively impact Shiba Inu’s market dynamics.
Shiba Inu market performance
Meanwhile, SHIB’s price is trading in the red zone today, down 1.57% to $0.0000165, in line with the broader market trend. The 24-hour bottom and top are $0.00001619 and $0.00001682, respectively.
Shiba Inu’s 14-day RSI is moving around the 42 mark today, suggesting that the asset is neither overbought nor oversold, although some downside pressure may exist. Nevertheless, recent price analysis by CoinGape Media highlights that investors could see a 30% plunge in SHIB prices before a major rally, offering a glimmer of hope for the long-term prospects of the meme token and a possible future SHIB ETF.
