Shiba Inu (SHIB) Leader Welcomes Ethereum (ETH) ETF: Is the SHIB ETF Next?
Shiba Inu leader Shytoshi Kusama has hinted that #SHIB ETFs may be launched in the future. It also acknowledged the historic approval of Spot #Ethereum ETFs on May 23.
Kusama's comments sparked speculation within the SHIB community about the future of SHIB ETFs. Following the historic approval of Ethereum ETFs, discover the latest developments in the crypto world as Shiba Inu leader Shytoshi Kusama hints at future SHIB ETFs.
The SEC's approval of Ethereum ETFs was surprising because it seemed reluctant to interact with issuers recently. Approved ETFs include offerings from financial giants such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise. These ETFs will be listed on major exchanges such as CBOE, NYSE ARCA and NASDAQ, which could expand Ethereum's investor base.
Although regulatory approval has been received, #Ethereum ETFs will not be able to trade until issuers receive approval for their S-1 registration statements. This process can accelerate within weeks, but has historically taken three months or longer, Bloomberg analyst James Seyffart said. Therefore, a Shiba Inu ETF seems unlikely to materialize in the short term, but the situation remains uncertain.
