- Host of ClayBro, Clay, played down the chances of a Shiba Inu ETF.
- The analyst said Shiba Inu’s size and trade volume aren’t big enough to attract interest.
- A diversified ETF that tracks multiple cryptos is SHIB’s best chance of an ETF.
In a recent video, Clay, the host of the cryptocurrency YouTube channel ClayBro, explained why the Shiba Inu community may have to wait longer to see the launch of a Shiba Inu exchange-traded fund (ETF).
Following the launch of spot Bitcoin ETFs, chances of other crypto-focused ETFs have since raised optimism among several communities. As noted in the video, the SHIB magazine’s latest issue stoked interest in an ETF for the meme coin with a front page question of “When $SHIB ETF?”
Unlike prevailing sentiment, Clay, who is also a renowned member of the SHIB community, played down the chances of a SHIB ETF launch anytime soon. The analyst based this prediction on a number of factors.
Firstly, Clay highlighted that one of the reasons why Bitcoin got institutional backing was because of its size. Bitcoin has a market cap of $836 billion and sees t…
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