
An ETF based on the Shuba Inu cryptocurrency may appear on the market
13.07.2024
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69As pointed out by cryptoproject employee Lucy, this increases the chances of a new product - SHIB-based ETFs - coming to market.
She pointed out a number of advantages of a SHIB-based ETF, among them increasing the availability of the coin to other market participants. Lucy drew attention to the fact that traditional investors showing interest in Shiba Inu now face a lot of red tape.
The ETF is a regulated financial product, so its launch will simplify the process of entering the memcoin sector, its enhanced security and regulatory compliance will attract more institutional investors, emphasized the project's marketing specialist.
According to her, the ETF will help reduce investment risks, and the inclusion of SHIB in the ETF will increase demand and liquidity, which will favorably affect the token-meme exchange rate.
At the same time, Lucy also pointed out risks, in particular, the new product will limit the community's ability to manage the coin.
In addition, investors in ETFs will not directly own SHIB tokens and will not be able to participate in staking and management, which will reduce their involvement. Nevertheless, as the market maker believes, the benefits of having an ETF on Shiba Inu outweigh the possible drawbacks, and the market should get ready to deal with this new exchange-traded product.