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Shiba Inu Explosion? What Happens if SHIB ETF Snags 10% of Ethereum’s Glory

BBG News

It is a truth universally acknowledged, that a fashionable coin in possession of great volatility, must be in want of an ETF. Yet, dear reader, the recent triumphs of the Shiba Inu price, having soared with the hopes of a thousand dog-loving investors, have been most rudely interrupted by an unyielding resistance—much like Lady Catherine’s opinions at tea. Our beloved SHIB has since tumbled by 11% from the peak of this week’s ball. Is all lost? Not entirely. Picture, if you will, a future wherein a SHIB ETF appears, glittering and approved. Should such happy circumstance bring in even a mere tenth of Ethereum’s inflows, we could see a reversal worthy of a five-volume sequel. 🐕‍🦺

To offer some encouragement (for hope, like a good bonnet, never goes out of style), SHIB has ascended by 2.5% these thirty days past. Its market capitalization, according to the sometime-reliable chroniclers at CoinGape, is now a stout $7.9 billion. How many gentlemen of fortune would envy such a dowry?

Why a SHIB ETF Could Cause Quite the Social Stir

The price of Shiba Inu lingers in deep disgrace—a bear market, you know, not unlike a country assembly after the punch has run dry. We see a decline of 60% since last November’s proud heights. So, what could rally our canine coin? Enter: the possibility of a well-connected fund manager sponsoring a spot SHIB ETF, which would do for SHIB what a well-timed visit from Mr. Darcy might do for a young lady’s prospects.

For context, let us consider the feverish rate at which London’s—pardon, Wall Street’s—beaus are issuing ETF proposals: over 70 in recent months! XRP and Solana, as the eldest and most eligible, have dominated the scene, but even the likes of Dogecoin, Bonk, and the Official Trump meme coin have not been overlooked. Why not our own dear Shiba Inu, whose social engagements (read: Google searches and trending hashtags) outshine half of polite society? Not to mention, the Shibarium and ShibaSwap ventures are the sort of connections any mama would boast about. More than 11,000 eager souls have already signed a petition begging Grayscale for such a match. One cannot say the community lacks spirit (or spare time). 📝

Should SHIB Be So Fortunate as to Attract 10% of Ethereum ETF Inflows…

Imagine for a moment that Wall Street’s august investors—lured, no doubt, by tales of fortune—tip a teacup in our humble SHIB’s direction. It may be, however, that some gentlemen find SHIB’s volatility more alarming than an unchaperoned promenade. Still, if our SHIB ETF secures even a modest 10% share of Ethereum’s $2.4 billion ETF inflows, we are talking $240 million of new dance partners for the coin—enough to make even Mr. Bingley’s fortune seem paltry.

Now, a dose of reality (for what is high society without some sober reflection?): there is currently no SHIB ETF. Grayscale responds to petitions with all the speed and warmth of Lady Catherine to a marriage proposal. Furthermore, these predictions are mere fancy; market tides ebb and flow, and the SEC’s punctuality would make even Mr. Collins blush. If patience be a virtue, SHIB holders must aspire to sainthood.

In Whims and Projections: SHIB Price Upon the Merest Whisper of an ETF

Upon consulting the daily chart—a modern oracle if ever there was one—one discovers SHIB found its footing at $0.00001080 this month, a level reminiscent of August’s most trying moments. Here, our plucky pup has traced a double-bottom pattern, esteemed among chart-readers as a precursor to an imminent waltz upward, with its neckline at $0.00003340. Should this forecast come to pass, a 147% leap is on order. And if fortune smiles even broader, a rally to last year’s high promises a merry 240% rise. I daresay, even Mrs. Bennet would struggle to contain her excitement. 📈

Do beware, dear investor: even the most promising courtship may end in heartbreak. Should SHIB falter at the crucial threshold of $0.00001080, the dream of a bullish season will be dashed (and SHIB may retreat to the ignominy of $0.0000077, like an embarrassed cousin at a ball). One can only hope that, like true love, SHIB’s rally will overcome all obstacles—even the SEC’s formidable paperwork. 🧐

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2025-04-30 19:09

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