Shiba

Bitcoin

Shiba Inu

Coin

<ul class="news-points"> 
 <li>Host of ClayBro, Clay, played down the chances of a Shiba Inu ETF.&nbsp;</li> 
 <li>The analyst said Shiba Inu’s size and trade volume aren’t big enough to attract interest.&nbsp;</li> 
 <li>A diversified ETF that tracks multiple cryptos is SHIB’s best chance of an ETF.</li> 
</ul> 
In a recent <a href="http://www.youtube.com/watch?v=SndbO0CnNNI" target="_blank" rel="nofollow">video</a>, Clay, the host of the cryptocurrency YouTube channel ClayBro, explained why the Shiba Inu community may have to wait longer to see the launch of a Shiba Inu exchange-traded fund (ETF).&nbsp; 
Following the launch of <a href="https://coinedition.com/bitcoin-etfs-hit-10b-trading-volume-gbtc-outflows-ibit-takes-the-lead/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETFs</a>, chances of other crypto-focused ETFs have since raised optimism among several communities. As noted in the video, the SHIB magazine’s latest issue stoked interest in an ETF for the <a href="https://coinedition.com/tag/meme-coin-news/">meme coin</a> with a front page question of “When $SHIB ETF?” 
Unlike prevailing sentiment, Clay, who is also a renowned member of the SHIB community, played down the chances of a SHIB ETF launch anytime soon. The analyst based this prediction on a number of factors.&nbsp; 
Firstly, Clay highlighted that one of the reasons why Bitcoin got institutional backing was because of its size. Bitcoin has a market cap of $836 billion and sees t…
The post <a href="https://coinedition.com/analyst-downplays-chances-of-a-shib-etf-says-size-and-volume-too-low/">Analyst Downplays Chances of a SHIB ETF, Says Size and Volume Too Low</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Analyst Downplays Chances of a SHIB ETF, Says Size and Volume Too Low

Coin Edition

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