- The petition for a Shiba Inu ETF has been signed by 5,200 people.
- The petition is addressed to the CEO of Grayscale, Michael Sonnenshein.
- SHIB has witnessed a significant rally in the past week and is up 41%.
The Shiba Inu (SHIB) community is eagerly anticipating the possibility of a spot exchange-traded fund (ETF) from Grayscale, a top digital asset management firm, which could potentially drive SHIB to $0.0001.
The petition, submitted in late February, has officially amassed 5,200 signatures out of a total of 7,500 and is addressed to Michael Sonnenshein, the chief executive of Grayscale Investments. Notably, the SHIB token witnessed significant gains in March, and analysts have called for a new all-time high.
“The introduction of a Shiba Inu ETF would symbolize a progressive stance towards cryptocurrency investment, mirroring the market’s dynamism and diversity,” reads the proposal.
As per the data from CoinMarketCap, the value of SHIB has dropped by 8.35% in the past 24 hours, with a 16.73% drop in trading volume. However, the memecoin has risen 41.4% in the past seven days, recov…
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