Shiba Inu Marketing Lead Shares List Of Reasons Why A SHIB ETF Would Be Great

With the SEC approving a spot Ethereum ETF, other altcoins, like Shiba Inu, are moving forward in their attempts to get their own ETFs. As for the SHIB ETF, Shiba Inu’s CMO gave a number of reasons why the SHIB ETF would be a great addition to the crypto space.

Reasons Why the Shiba Inu ETF Is a Good Choice

In the mail In an initiative launched on X (formerly known as Twitter), LUCIE, known for her role as the marketing lead for the Shiba Inu project, shared a number of positive points that could come from the SEC’s approval of the SHIB ETF.

For the former, the marketing executive explained that the Shiba Inu ETF would make it easier for traditional investors to get into the project. This means they will now be able to invest in it through a regulated platform rather than risking direct exposure to the coins themselves.

Furthermore, by enabling traditional investors to gain exposure through ETFs, it would increase demand for cryptocurrencies. This increased demand could lead to higher prices, making the coins more valuable.

Another reason why a SHIB ETF is a good choice is the regulation and security that comes with investing in Shiba Inu. Once an asset is able to achieve this level of compliance, it becomes easier for institutional investors to get into these coins. In the same vein, they are able to diversify their portfolios from ETFs like Bitcoin and Ethereum to SHIB ETFs.

Disadvantages of SHIB ETF

While there are many advantages to owning a Shiba Inu ETF, there are also disadvantages, which LUCIE also lists in its publications. Some of these disadvantages range from compromises related to decentralization to third-party ownership, as well as the cost of investment.

For decentralized settlements, having an ETF puts the fund under the control of a central agency, which is contrary to the mission of DeFi. It also opens the door to potential asset manipulation, and makes it impossible for SHIB ETF investors to directly participate in DeFi activities.

Another drawback LUCIE mentioned is that investors who come to the Shiba Inu ETF do not hold the coins themselves. Add to this the costs of investing in ETFs through brokerage/management fees, as well as increased regulatory scrutiny, and it’s a huge concession for those who come to crypto for decentralization.

Despite the coins, the push for a Shiba Inu ETF remains strong among the community. A petition to Grayscale Investments to launch a Shiba Inu ETF has garnered over 11,000 signatures so far.

SHIB Price Surrenders to Bears | Source: Shippodt on Tradingview.com

Featured image created using Dall.E, chart from Tradingview.com

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