Krutika Adani
After Dogecoin ETF applications, the market has been ripe with Shiba Inu ETF speculations.
Judging by the number of investors holding Shiba Inu, even if 1% of them subscribe to an easy investment channel which is the ETF, it can push inflows towards $1 billion in the first few days.
Shiba Inu ETFs are more likely to beat Ethereum ETFs because of the fixed supply in Shiba Inu and the increasing burn rate.
Since memecoins have been the most profitable sector, a 50% inflow as compared to Bitcoin ETF would be around $44 billion and could take Shiba Inu to $0.00007.
The approval of altcoin ETFs, including Shiba Inu, depends on the outcome of the US elections next week.