Shiba

Shiba Inu

<ul>
 <li>SHIB hits a 4-month low amidst market challenges, trading volume shows an increase.</li>
 <li>Coinbase plans SHIB futures launch on July 15, pending regulatory approval.</li>
</ul>
Coinbase’s announcement of forthcoming Shiba Inu (SHIB) futures contracts, approved by the Commodity Futures Trading Commission (CFTC), comes amidst a downturn in SHIB’s price. Recently hitting a four-month low of $0.00001522, it has seen an 8% <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">decline</a>, currently trading at $0.00001518, with trading volume up 35% despite a 36% drop over the past month.
Scheduled for <a href="https://www.coinbase.com/derivatives/filings" rel="noopener noreferrer nofollow">launch</a> on July 15, 2024, these derivatives are poised to bolster Shiba Inu’s institutional legitimacy and price discovery. The self-certification model underscores Coinbase’s confidence in its market maturity, potentially paving the way for a future Shiba Inu exchange-traded fund (ETF).&nbsp;
The move aligns with increasing investor interest and regulatory efforts to bring stability and transparency to the cryptocurrency market.
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc-ImyJxD3FoKEayTNY1J-gJeGpAm3T_pAd7gh1IxCK8EKKx7C_BYIaLF2879xH1EjxWIjZxdpU4KQ-tKBJziHbNxCJdr0LQaPVExhsPSJ_7ZBeNaIADD2CRbroXZbUdQQ2gPsU8w5WX1dtPqC4HPWeU4A?key=9FPe2tJcYG_SsW7-1I9qHg" alt="" style="width: 100%;height:auto">
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 Coinbase’ SHIB Regulatory Filing
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Furthermore, support for a SHIB <a href="https://thenewscrypto.com/will-ethereum-price-make-a-bullish-comeback-post-spot-etf-launch/" rel="noopener noreferrer nofollow">ETF</a> is evident, with over 11,353 signatures on petitions advocating its approval. This reflects growing community engagement and anticipation for expanded investment avenues in digital assets.
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Could This Reason Spark a SHIB Bulls Comeback?

TheNewsCrypto

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