Expert: There Is a Race About SHIB ETF That No One Can See

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The race to introduce innovative cryptocurrency exchange-traded funds in the U.S. continues to heat up. Bitcoin and Ethereum have already received approval, and Solana and XRP spot ETFs are under regulatory review. However, another digital asset is moving toward the spotlight.

Del Crxpto (@DelCrxpto), a well-known cryptocurrency analyst and commentator, has signaled his involvement in an effort to launch a Shiba Inu (SHIB) ETF.

In a post on X, he wrote, “There is a race that no one can see.” He described this race as a friendly competition to bring the first SHIB ETF to the U.S., adding, “Yes, I am a contender.”

Background of SHIB and its Market Position

SHIB, originally known as a meme coin, has grown into a much larger ecosystem over the years. Developers have expanded SHIB’s utility and functionality beyond its original branding, working on projects designed to drive real-world adoption.

Efforts such as token burns, aimed at reducing supply, have sought to create scarcity and potentially improve value over time. This activity has elevated SHIB’s status from a speculative digital asset to one seeking recognition as a legitimate participant in the wider crypto market.

Potential Impact of an SHIB ETF

An exchange-traded fund tied to SHIB could provide institutional and retail investors with easier access to the asset, eliminating the need to hold the token directly. This approach mirrors what has already taken place with Bitcoin and Ethereum, where ETFs have provided a regulated investment vehicle for a previously complex asset class.

A SHIB ETF could also enhance market liquidity, increase institutional participation, and provide additional opportunities for investors who prefer traditional brokerage platforms. While asset managers have not shown much interest in an SHIB ETF, Del Crxpto’s initiative could begin that push toward increased participation and multiple filings.

Industry Interest and Regulatory Considerations

The path to an ETF involves close regulatory scrutiny. However, Del Crxpto’s public statement highlights that more than one entity is interested in advancing this product. He said, “Who the winner will be is not for certain, but there will be more than 1.”

Additionally, the SEC has softened its stance on ETF regulation and approval, recently allowing Grayscale to launch its Digital Large Cap Fund as an ETF under the new Generic Listing Standards. Supporters of SHIB see it as a strong candidate for a regulated investment product, and applications for ETFs based on the asset might start showing up soon.

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