CandleFocus Here is Shiba Inu Price if SHIB ETF Approves and Gets 50% of BTC ETFs Flow
2024-10-24
Author: Content Editor
The Shiba Inu (SHIB) price could experience a significant increase if a SHIB ETF is approved and captures 50% of the flows seen in Bitcoin ETFs. Institutional investors have been entering the crypto market through Bitcoin ETFs, leading to a surge in capital inflows and positive price movement for Bitcoin. While Ethereum ETFs have also been approved, they have not seen the same success. The potential for SHIB ETFs has been discussed, with the Shiba Inu community even launching a petition for its creation. If a SHIB ETF is launched and captures a significant portion of Bitcoin ETF inflows, it could result in a market cap increase of $315.65 billion, translating to a price of $0.0005537 per SHIB, a 3,000% increase from its current price. However, the approval and impact of a SHIB ETF are still uncertain.
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