The Shiba Inu community is optimistic about the potential launch of a SHIB ETF followingCoinbase’srequest for regulated futures contracts for ShibaInu.
Points
- CoinbaserequestspermissionforregulatedfuturescontractsforShibaInu.
- Regulatedfuturesoffertransparencyandriskmanagementforinvestors.
- PotentialforSHIBETFfollowingfuturescontracts
launch.
The Shiba Inu community is buzzing with excitement over a significant development that could pave the way for a Shiba InuETF.Coinbase has made a crucial filing that could potentially amplify the prospects of a SHIBETF,sending ripples of optimism throughout thecommunity.
CoinbaseRequestsPermissionforRegulatedFutures
Lastweek,Coinbase Derivatives requested permission from theU.S.Commodity Futures Trading Commission（CFTC）to launch regulated futures contracts for ShibaInu,along with other cryptocurrencies like Stellar（XLM）,Chainlink（LINK）,Polkadot（DOT）,and Avalanche（AVAX）.Ifapproved,these futures contracts are set to launch on July15.
RagnarShiba,a Shiba Inu social mediaadmin,highlighted this latest move with a filing on Shiba Inu futures submitted to theCFTC.Investors and enthusiasts are closely monitoring the situation to see how the CFTC will respond toCoinbase’sfiling.
BenefitsofRegulatedFuturesforInvestors
Altcoin Daily has suggested that the upcoming launch of CoinbaseDerivatives’CFTC-regulatedShiba Inu futures contract could pave the way for a spotETF.The expert noted that regulated futures contracts offer enhancedtransparency,regulatoryoversight,a compliant tradingenvironment,and riskmanagement.Such products often lead to the potential launch of spot ETFs for the involvedassets.
ScottMelker,host of The Wolf of All Streetspodcast,emphasized how ETF approvals have opened the floodgates of institutional money into the cryptomarket.He pointed out that similar products already exist in foreignmarkets,with theU.S.laggingbehind.
IsSHIBNextAfterBTCandETH?
Altcoin Daily also claimed that the Bitcoin and Ethereum ETFs were only approved after initially launching regulated futurescontracts.ETFs provide a more accessible route for investors to gain exposure to assets without needing to directly purchase and store digitaltokens.The anticipation of a SHIB ETF has the community hopeful for a similartrajectory.