Shiba Inu Joins The Ranks Of Dogecoin, XRP On Coinbase ETF Watchlist – The Next Big Thing?

Shiba Inu is now entering the same space as some of the largest cryptocurrencies when it comes to discussing exchange-traded funds (ETFs). The SHIB coin is starting to gain notice as it appears on Coinbase’s ￰0￱ already offers a futures product for Shiba Inu, and this step positions the meme coin for consideration as a future ETF. SHIB’s marketing lead claims the coin already has the necessary setup for this, while a market analyst predicts significant price ￰1￱ agree that momentum for SHIB is picking up ￰2￱ Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Shiba Inu Enters Coinbase’s ETF Watchlist According to SHIB’s marketing lead, Susie S, the coin has now joined Coinbase’s “ETF Watchlist Club.” This group already includes Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and ￰3￱ named in this group indicates that the Shiba Inu token is gaining more serious ￰4￱ S explained that Shiba Inu is in line for spot ETF consideration because Coinbase already has a regulated futures contract called the “1K SHIB Index.” It is essential because it puts SHIB on the same pathway that Bitcoin (BTC) and Ethereum (ETH) followed before they gained approval for spot ￰5￱ the first time, the meme coin now stands in the same conversation as two of the world’s largest ￰6￱ added that while it may be harder for Shiba Inu to launch its own solo ETF immediately, the ETF could be part of a larger ￰7￱ product could be something like a “Top 10 Crypto ETF” that bundles together several ￰8￱ Analyst Sees Massive Potential For SHIB Price Market analyst Heber Mayen also sees a big future for Shiba ￰9￱ a SHIB price chart on X, he stated, “It’s gonna be massive!” His comment reflects the rising attention around Shiba Inu as it becomes more active in trading ￰10￱ explained that SHIB’s popularity on Coinbase’s perpetual markets is a significant ￰11￱ more traders buy and sell SHIB in these products, the trading volume goes ￰12￱ rise in volume can help SHIB meet one of the needs for an ETF to be ￰13￱ other words, the more people trade Shiba Inu now, the stronger the case becomes for a future ￰14￱ Reading: FalconX Moves 413K Solana Worth $98M – Impact On SOL Price Currently, Shiba Inu is attracting more leveraged traders, and this ETF activity may be fueling ongoing ￰15￱ like Mayen argue that momentum is on SHIB’s side as investors seek the next big crypto ETF ￰16￱ price action and volume activity together create the type of market story that can push Shiba Inu further into the ￰17￱ by comments from its marketing lead and bullish words from the analyst, the SHIB meme coin could become the next big ￰18￱ image from Unsplash, chart from TradingView