News 
Coin Information 
About us 
Shiba Inu's marketing lead sparked discussions with remarks about a potential SHIB ETF launch, emphasizing four major benefits and five notable drawbacks.
A Potential SHIB ETF
Lucie, the head of marketing for Shiba Inu, recently made comments about a possible SHIB ETF, which has caused quite a stir in the cryptocurrency sector, per Coingape. The marketing lead raised the prospect of an impending launch in a post she made on X today, July 11, by highlighting crucial reasons why an ETF may be immensely advantageous.
Following rumors of an impending SOL ETF and an imminent Ethereum ETF debut, speculation surrounding a SHIB ETF has quickly garnered considerable support in the wider cryptocurrency market. What made the Shiba Inu marketing lead's comments so inspiring to the cryptocurrency community throughout the world? Let's find out.
Advantages of SHIB ETF
Lucie went to X to highlight four major advantages of a possible SHIB ETF launch. Some examples are:
Accessibility: conventional investors can now participate in the meme-based asset through an exchange-traded vehicle based on Shiba Inus, all without the hassle of dealing with exchanges themselves.
Regulation and Security: In order to entice institutional investors, ETFs provide a level of security and compliance as regulated financial products.
Diversification: By investing in a diverse range of similar assets, an ETF can spread out potential losses.
Increased Demand: Adding SHIB to an exchange-traded fund (ETF) could increase its value due to increased demand and liquidity.
Drawbacks of SHIB ETF
According to Lucie, there is a laundry list of problems that can arise with the possible ETF debut. Some examples are:
Centralization vs. Decentralization: ETFs are stable but may impede community control because they centralize authority, unlike DeFi.
Loss of Direct Ownership: ETF investors don't hold SHIB tokens, so they can't participate in DeFi activities like staking and governance, simplifying investment but lowering involvement.
Reduced Engagement: While appealing to passive investors seeking simplicity, ETFs could weaken DeFi protocols by decreasing active participation.
Costs and Regulations: Cost-conscious DeFi participants avoid ETFs due to management fees and governmental scrutiny, but cautious investors find security and legitimacy.
Potential Market Influence: In contrast to DeFi's openness and stability in volatile markets, ETFs may centralize SHIB control and manipulate prices.
SHIB's Market Performance Amid ETF Rumors
While this was going on, SHIB's price fell into the red zone, falling 1.57% to $0.0000165, following the general market trend. The lowest and highest values reported within a 24-hour period were $0.00001619 and $0.00001682, respectively.
Comment 0