Shiba Inu burns have demonstrated a tremendous increase overnight thanks to SHIB army’s persistence
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The very first spot Bitcoin ETF was rolled out in January and now the crypto market is expecting the SEC to green-light an ETF tracking the spot price of Ethereum. Futures Bitcoin and Ethereum ETFs were approved and launched in 2021.•Accessibility: A SHIB ETF would make it easier for traditional investors to gain exposure to Shiba Inu without needing to navigate cryptocurrency exchanges.
However, she noted that there are several key reasons why the launch of such a product might not be so great for SHIB and/or the DeFi space. Among those drawbacks, she named increased centralization, loss of direct SHIB ownership, and reduced engagement in DeFi protocols for ETF holders.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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