Shiba

Shiba Inu

<p>The post <a href="https://coinpedia.org/news/shiba-inu-community-nears-10000-signatures-for-shib-etf-petition/" rel="noopener noreferrer nofollow">Shiba Inu Community Nears 10,000 Signatures for SHIB ETF Petition</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Good news for the Shiba Inu community! The Shiba Inu (SHIB) community is about to reach a significant milestone with its ETF petition, as it is now less than 300 signatures away from its 10,000-target goal. Heber Mayen, a significant community figure, announced this development on X.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;">300 signatures away to reach 10k <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> ETF. LFG <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e3.png" alt="📣" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/SHIBARMY?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIBARMY</a> <a href="https://t.co/x0FAz5emR4" rel="noopener noreferrer nofollow">https://t.co/x0FAz5emR4</a></p>— Heber Mayen <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1ec-1f1f9.png" alt="🇬🇹" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f2.png" alt="🇲" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e6-1f1fa.png" alt="🇦🇺" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f8.png" alt="🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@HeberMayen) <a href="https://twitter.com/HeberMayen/status/1799590437537390786?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This announcement was in response to SHIB BPP, which has been actively promoting the petition aimed at Grayscale Investments CEO Michael Sonnenshein. Since the petition was established, SHIB BPP and other community members have continuously encouraged supporters to sign it, which is crucial in pushing the petition closer to its ultimate goal.</p>
<h2 class="wp-block-heading" id="h-overview-of-shiba-inu-etf-support">Overview of Shiba Inu ETF Support</h2>
<p>The <a href="https://www.change.org/p/proposal-for-an-shiba-inu-shib-etf-by-grayscale-investments" rel="noopener noreferrer nofollow">petition</a> has gathered 9,717 signatures, just 283 short of the 10,000 target. Initially, the petition’s goal was a modest 1,000 signatures by February 26. However, the enthusiastic response from the SHIB community quickly exceeded this target, first reaching 2,500 and then 10,000 signatures. 140 supporters have added their signatures in the past week alone. Additionally, significant community figures like Lucie and other supporters have increased the petition’s visibility and contributed funds to ensure it appeared more frequently on Change.org.</p>
<p>Despite the community’s continuous efforts, Grayscale has not responded to the SHIB ETF petition. This collective effort aims to convince Grayscale to introduce an ETF specifically for SHIB, allowing for greater acceptance and investment in Shiba Inu.</p>
<h3 class="wp-block-heading" id="h-why-shiba-inu-enthusiasts-chose-grayscale-for-a-potential-shib-etf">Why Shiba Inu Enthusiasts Chose Grayscale for a Potential SHIB ETF</h3>
<p>The Shiba Inu community has directed their SHIB ETF petition towards Grayscale because of its significant role in the crypto ETF market. Grayscale has successfully converted Bitcoin and Ethereum Funds into ETFs, as the SEC approved their exchange filings, signaling the possibility of more such products. Grayscale plans to convert all 17 crypto-related products into spot ETFs, though Shiba Inu is not yet included.</p>
<p>The petition claims that SHIB’s popularity and demand, as shown by Google Trends data, make a strong case for an SHIB ETF. By introducing such a product, Grayscale could provide a regulated and accessible investment medium for SHIB enthusiasts, adding to the token’s stability and adoption. The community is optimistic that this united effort will lead to the proposal’s acknowledgment. If Grayscale acts on the SHIB ETF proposal, it could further integrate Shiba Inu into mainstream financial markets.</p>

Shiba Inu Community Nears 10,000 Signatures for SHIB ETF Petition

Table of Contents

CoinPedia News

Other articles published on Jun 10, 2024

Crypto Investors Experience Significant Losses Due to BTC Drop

AVAX Slips, Bitcoin Rises with ETF Boost, & BlockDAG's Keynote Highlights 30,000x ROI Promise

Bitcoin Reaches Second Highest Weekly Close

Solana Removes Validators Suspected Of Sandwich Attacks From Delegation Program

Solnarize Launches Presale, Raises Over 200 SOL Within Minutes (10 Jun)

New Report from BNY Mellon, the Oldest Bank of the USA: "Institutional Interest in Cryptocurrenci...

Join our free newsletter for daily crypto updates!