The Shiba Inu ecosystem team makes a case for why SHIB is a suitable asset for a spot exchange-traded fund (ETF).
Shiba Inu has gained immense popularity across the crypto market, ranking as the 17th-biggest token by market cap. However, despite its growing popularity, no asset manager has filed to launch a SHIB ETF in the United States.
This development has triggered concerns among several Shiba Inu proponents, given that top asset managers are seeking to launch spot ETFs for other meme coins like Dogecoin (DOGE) and new entrant Official Trump (TRUMP).
As a result, Shiba Inu’s ecosystem team and community members have launched a campaign to highlight stating why SHIB is a suitable candidate for an ETF.
Why SHIB is a Good Fit for an ETF
In an X thread yesterday, Shiba Inu’s marketing lead, Lucie, intensified the campaign, explaining why SHIB is good for an ETF.
Widespread Accessibility
Lucie emphasized that trading SHIB is easy as the token is available on major trading platforms. According to the marketing lead, SHIB has secured listing on over 110 crypto exchanges under 212 trading pairs, including SHIB/USDT and SHIB/BTC.
Firms seeking to launch ETFs usually consider assets with easy accessibility and high liquidity. As a result, Lucie believes Shiba Inu’s broad presence on multiple trading platforms should strengthen its case for an ETF.
SHIB Evolution
In addition, Lucie indicated that SHIB has evolved over the years from its meme coin origins to a decentralized and community-driven project, adding that it is built to last for the long term.
Based on these features, the marketing lead believes boomers–mostly traditional investors–will invest in SHIB. These investors are usually focused on assets like stocks built to stand the test of time and not those that might disappear overnight.
Specifically, Lucie’s portrayal of SHIB as an asset engineered for longevity could alleviate concerns among boomers regarding its long-term prospects.
No Manipulation
Lucie further stressed that manipulating the price of SHIB is nearly impossible. According to her, anyone who can successfully manipulate SHIB must be a billionaire. She suggested that any entity that succeeds in manipulating SHIB’s price can also influence Bitcoin’s performance.
In her view, SHIB is not a random low-cap token that a single party can influence. She claimed that the token is decentralized and resilient, suggesting it can quickly recover from anything, particularly market downturns.
Community-Centered Growth
Furthermore, the marketing lead argued that SHIB does not rely on anyone to thrive. She suggested that Shiba Inu has an open ecosystem that allows anyone to build around SHIB, paving the way for its continuous innovation.
According to Lucie, Shiba Inu’s decentralized nature makes it easier for the asset to continue thriving irrespective of ‘who comes or goes.’
Although Shiba Inu does not have an ETF filing yet, the token has a high approval odd. This is due to the SEC’s recent declaration that meme coins are not securities–a key factor that bolsters SHIB’s potential approval for an ETF.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
