More than 10,000 people signed the petition to create the Shiba Inu-ETF
A petition to create a spot ETF based on the popular meme cryptocurrency Shiba Inu (SHIB) has received more than 10,000 signatures.
On February 25, 2024, a group of investors, fans of digital assets and supporters of the popularization of virtual currencies published a petition on the Change.org website addressed to the now former director of the ETF issuer Grayscale, Michael Sonnenshein. The employees of this firm were asked to issue SHIB-ETF for the following reasons:
SHIB-ETF for the following reasons:
According to statistics for the period from February 2023 to February 2024, in the United States, Shiba Inu took second place in popularity after Bitcoin;
The ETF will simplify the process of investing in Shiba Inu and attract the attention of people who want to invest in regulated products;
SHIB is not a security under US law;
By creating the Shiba Inu-ETF, Grayscale will become a leader in integrating cryptocurrencies into investment vehicles.
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