Shiba Inu's Ascent: BlackRock and Grayscale Consider Supported ETF Amid Growing Advocacy
by aria-crypto.com
March 8, 2025 at 18:23
Shiba Inu's Ascent: BlackRock and Grayscale Consider Supported ETF Amid Growing Advocacy
The Shiba Inu (SHIB) community is actively advocating for a SHIB-centered ETF, attracting attention from leading asset managers such as BlackRock and Grayscale Investments. A Change.org petition urging Grayscale to initiate such an ETF has already garnered over 16,666 signatures. The community group "Shibzens" cites the success of Bitcoin and Ethereum ETFs as precedents, underscoring SHIB's large, engaged community as a key strength. SHIB's affordability and high volume trade make it an attractive option for investors, contrasting the higher costs of Bitcoin and Ethereum. Furthermore, the launch of Shibarium, SHIB’s Layer-2 blockchain, has enhanced its utility by supporting various decentralized applications. This blockchain not only powers DeFi and gaming but also holds potential for broader ESG investment applications given its backed philanthropic activities. Despite no formal ETF application from BlackRock or Grayscale yet, the robust community support and the general trend towards recognizing major cryptocurrencies hint at a promising outlook for a SHIB ETF.
Most Read
No articles to show at the moment
Read more
>> US-Nigeria Deal Involves $60 Million as Part of Binance Executive's Release
Nigeria has successfully secured a $60 million deal from the United States, which is a key component of the conditions for releasing a top executive from Binance.[...]
>> Coinbase Rides Wave of Changes in Crypto Landscape, Announces Hiring Spree
Coinbase, a leading cryptocurrency exchange, has announced plans to hire 1,000 new employees in the United States throughout the coming year. This decision follows a significant clearing of regulatory hurdles, ...
an hour ago
>> Coinbase Poised for Expansion Amid Regulatory Clarity and SEC Easing
Coinbase is set to expand significantly by adding 1,000 new jobs in the US by 2025, as recent improvements in crypto regulations under President Trump’s administration offer greater certainty. CEO Brian Armstro...
>> DeFi and AI Tokens Surge on Coinbase Listing Announcement
Coinbase has recently announced the addition of an AI-based altcoin, Aethir (ATH), and a DeFi token, Maple Finance (SYRUP), to its listing roadmap, sparking significant price surges for both tokens. The listing...
3 hours ago
>> US Bitcoin Strategy and Regulatory Changes Propel Crypto Markets
The US government's proactive stance on Bitcoin and regulatory adjustments by financial authorities have markedly influenced the dynamics of the cryptocurrency market. Recent strategic moves have included subst...
8 hours ago
>> SEC, Crypto, and Ripple: Exploring the Potential for an XRP Settlement
Ripple's legal battles with the SEC have taken a new turn, with discussions around paying a hefty $125 million fine possibly in XRP tokens. Jeremy Hogan, a lawyer familiar with the case, sparked this speculatio...
a day ago
>> US Policy Shifts as Banks Gain Approval for Crypto Operations
U.S. banks are now authorized to engage in crypto custody and stablecoin activities according to new guidance from the Office of the Comptroller of the Currency (OCC). This announcement signifies a major regula...
a day ago
>> Crypto's Rising Stars: Kraken and Gemini Set to Shine with Upcoming IPOs
The cryptocurrency landscape is buzzing with anticipation as major exchanges Kraken and Gemini prepare for their public debuts. With the Trump administration's supportive stance on digital currencies, both comp...
>> China's Vigorous Measures Against Crypto Crimes Highlight Commitment to Financial Security
In a significant crackdown on crypto money laundering, the Chinese government reported the prosecution of 3,032 individuals in 2024, detailing the issue in Ying Yong's work report during the Third Session of th...
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
