Shiba Inu’s Shytoshi Kusama Teases SHIB ETF Amid Ethereum ETF Greenlight

In a groundbreaking development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) approved eight Spot Ethereum ETFs on Thursday, May 23, 2024. Among those reacting to this news was Shiba Inu’s lead developer, Shytoshi Kusama. Moreover, the dev hinted at the possibility of a Shiba Inu (SHIB) ETF and teased major future upgrades for the ecosystem.

Shytoshi Kusama On Shiba Inu ETF

Kusama took to X (formerly Twitter) to congratulate Ethereum on the milestone. “Congrats to our frens at ethereum on the ETF APPROVAL!” Furthermore, he teased a potential Shiba Inu ETF in the future. He questioned, “Does this pave the way for #SHIB?” However, there was no clear indication of the same as he left the community to decide on it.

Shiba Inu’s Kusama wrote “I’ll let you decide… I’ll stay focused on what we have coming. #STAYTUNED.” Furthermore, it implies that they are having several updates coming up, further instilling confidence in the SHIB ecosystem.

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.