Marketing lead Lucie of popular MemeCoin Shiba Inu (SHIB) has recently hinted through a post that soon Shiba Inu ETF Founding Can be done. Since his statement, there has been a stir in the Crypto Community and investors seem excited at this possible step. Meanwhile, Shiba Inu recorded an increase of more than 8,000% in its token burn rate, increasing expectations in the market.
Shiba Inu ETF Founding signs
Lucie posted a post on X, saying that Shiba Inu has all the qualities that are necessary to become an ETF. He described the presence of Shib in over 110 exchanges and 212 trading pair, which can prove to be an important step towards making this crypto ETF. Lucie said that Shib is not just a Memecoin, but it is moving towards decentralized, community-driving and long matters development. According to him, these characteristics of Shiba Inu can give it the form of ETF, allowing it to follow the path of bitcoin and ethereum.
Recently there have been some positive development in the world of Crypto ETF, such as Canery Capital has applied for SEC approval for SuI ETF. Along with this, SEC has also approved the filing of Dogecoin ETF. After these incidents, there is an increased discussion about the possibility of Shiba Inu ETF.
Significantly, even before this Discussion of Shiba Inu ETF intensifies with coinbase filing It was done, although later there was no response to both Shiba Inu and Coinbase on that news.
Shib Burn Price jumped 8,000%
These expectations related to Shiba Inu increased further when the shib’s burn rate saw an extraordinary bounce of 8,457%. Within 24 hours, more than 1 billion shib tokens were permanently removed from circulation.
The main objective of burn mechanisms is to reduce the total supply, which can help in the price increase of shibs. However, despite this positive event, Shib Wort only led to a slight increase of 1%, which makes it clear that despite the enthusiasm in the market, there is no immediate effect.
If you want to read news related to increase in shib burn rate in detail, then you are our article Shiba Inu Burn Price increased, an unknown user burn 1B token Can go on
Conclusion
It is clear from the signs given by the marketing lead Lucie of Shiba Inu that the possibilities of SHIB ETF have increased. This step can lead to positive ideas about the future of Shib in Crypto Community. However, before it becomes reality, it may take time for Shib to get recognized by SEC as ETF. Along with this, a huge increase in the burn rate of Shib and the increase in trading volume indicates that investors’ confidence in SHIB is getting stronger.
Meanwhile, the journey of Shiba Inu moves forward and it will be interesting to see if this MemeCoin can turn the dream of becoming its ETF into reality.
