News View Non-AMP

Shytoshi Kusama Hints at Shiba Inu ETF After Ethereum’s Greenlight: Community Erupts!

Published by
Elena R

Hot on the heels of the SEC approving the first Ethereum ETFs, Shiba Inu (SHIB) is buzzing with excitement. The enigmatic lead developer, Shytoshi Kusama, dropped a hint that has the crypto community fired up. Could a SHIB ETF be next?

Dive deeper to find out what sparked the speculation and what it means for the future of Shiba Inu.

Rising Speculation

Just moments after the SEC’s Ethereum approval, Kusama added fuel to the fire with a cryptic tweet hinting at possible regulatory progress for SHIB. His message not only congratulated Ethereum but also hinted at SHIB potentially following a similar path.

Apart from Kusama’s suggestive tweet, two major factors indicate the possibility of a SHIB ETF filing.

Shiba Inu Ecosystem is Growing

The SHIB community is buzzing with excitement, buoyed by recent milestones such as the completion of Shibarium’s layer-2 scalability solution and ongoing developments in ShibaSwap, the community’s decentralized crypto exchange. These achievements highlight progress within the SHIB ecosystem, generating enthusiasm among supporters.

Recent bullish activity, coupled with a surge in whale transactions, points to growing institutional interest in SHIB. The Whale Transaction Count index, which tracks significant transactions, has seen spikes amidst an overall upward trend, suggesting accumulation by institutional investors. This trend bolsters the bullish outlook for SHIB and indicates potential support for a future SHIB ETF.

Price Dynamics and Market Outlook

Despite facing resistance at key levels, SHIB shows signs of a potential bullish rally. Chart analysis reveals a pattern of lower lows and lower highs since its peak in March. However, a breakout above the declining trend line on May 20 indicates increased buying pressure.

Investors may anticipate SHIB consolidating above $0.0000253 and aiming for the $0.0000315 resistance level, with an optimistic scenario envisioning a retest of $0.0000355.

Coinbase Listing Boosts Visibility

Coinbase, a prominent cryptocurrency exchange platform, further boosted SHIB’s visibility by including it in its 50th perpetual futures listing. The announcement, made on Thursday, welcomed SHIB alongside other tokens, enhancing its liquidity and laying a solid foundation for potential SHIB exchange-traded fund trusts.

Community Pushes

The Whale Transaction Count Index, which tracks large transactions, suggests that institutional interest is growing in SHIB. The index’s consistent spikes during price dips suggest that institutional investors are accumulating. Coupled with the bullish outlook across various metrics, this supports the optimistic forecast for SHIB.

With these factors in play, SHIB’s future looks promising, with avenues for expansion and institutional adoption on the horizon.

The SHIB Army’s passion is undeniable. Will their efforts lead to an ETF? Let’s see what the future holds!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

This $0.025 DeFi Project Is Gaining Real Traction — Will It Be the Next Big Crypto of 2025?

As the market warms up and new narratives begin forming around decentralized finance, one project…

April 21, 2025

DOGE to $4? Dogecoin Plots a Comeback, While $0.20 Rival Token Shows Prospects of a 14560% Surge

Dogecoin has shown a 9.74% daily growth to reach $0.2021 in trading value and experts…

April 21, 2025

Top Altcoins to Buy Before the Next Market Surge

With the crypto market showing signs of renewed bullish momentum, investors are looking to position…

April 21, 2025

XDC Network Price Prediction 2025, 2026 – 2030: Is XDC Price Good Investment?

Story Highlights The XDC Price today is . The XDC Network price could hit a…

April 21, 2025

This Altcoin May be the Next 100x Gem, Which Could Thrive in 2025

The crypto markets initiated the weekly trade with decent gains while Bitcoin price surged above…

April 21, 2025

Stellar Price Prediction 2025, 2026 – 2030: Will The XLM Coin Reach $1?

Story Highlights The live price of the Stellar crypto is . XLM price could reach…

April 21, 2025