The Shiba Inu community is buzzing with excitement after a major development that could pave the way for a long-desired Shiba Inu Exchange-Traded Fund (ETF). Leading cryptocurrency exchange Coinbase filed new futures contracts tied to Shiba Inu and other cryptocurrencies, marking a significant step forward for crypto-related financial products. If approved by the CFTC, Shiba Inu would enter the U.S. futures market for the first time.

This filing by Coinbase Derivatives is seen as a crucial first step towards a potential SHIB ETF. Social media admin for Shiba Inu, RagnarShiba, emphasizes the potential impact, highlighting the connection between the futures filing and the creation of a SHIB ETF. This could provide investors with a whole new way to engage with the popular meme coin.

The Shiba Inu community is brimming with anticipation, with discussions and speculation swirling across social media platforms. Investors of all kinds are eagerly awaiting the CFTC's response to Coinbase's filing.

The prospect of a SHIB ETF is a major milestone for Shiba Inu, potentially leading to increased adoption and investment. ETFs are known for making it easier for investors to gain exposure to assets, and a SHIB ETF would be no different. It would allow a wider range of people to participate in Shiba Inu without needing to directly buy and store the digital tokens.

It's important to note that at the time of writing, SHIB was down 1.67% in the last 24 hours, trading at $0.00001708.