Potential Shiba Inu ETF Gains Momentum as Votes Surpass 6K

• A possible SHIB ETF petition is slowly but surely garnering support.
• The Shiba Inu community is making an attempt to help the meme coin join the “ETF world.”

In a recent burst of innovation, the Shiba Inu community kept showcasing their efforts to improve the tokenomics of SHIB. In the middle of all this development activity, a possible SHIB ETF petition is slowly but surely garnering support from crypto market aficionados all across the world.

The Shiba crypto community is planning to create a SHIB ETF, after the optimistic launch of BTC ETFs, in anticipation of a significant jacking up by Grayscale Investments.

Community Quite Optimistic

According to The Shib magazine and other sources, the Shiba Inu community is making an attempt to help the meme coin join the “ETF world” by creating an exchange-traded fund. The SHIB community is quite optimistic about the possibility of a SHIB ETF launch in the near future, as seen by the over 6,000 votes in support of the petition.

At the same time, SHIB price had very volatile trading today, sparking speculation about potential future price increases due to the community’s recent development efforts and the possibility of a SHIB ETF. Despite the petition’s apparent rapid worldwide popularity, the SHIB ETF is now in the voting rounds.

In a post made by RagnarShib, a prominent member of the Shiba Inu team, the petition for the SHIB ETF topped 6,000 today, March 13, causing many to hope for a possible launch. With almost 6,400 signatures so far, the petition is well on its way to its next goal of 7,500 votes.

With Shiba Inu’s massive fan base, the petition on Change.org is certain to reach new heights. This puts the meme coin in the same league as Ethereum (ETH), Solana (SOL), and XRP, three of the leading market participants still waiting for an ETF.

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