- A Shiba Inu (SHIB) ETF could significantly boost SHIB’s price, potentially reaching $0.0010 or $0.0019 depending on the level of adoption.
- If SHIB captures 50% or 30% of Bitcoin ETF inflows, it could see price increases of up to 13,500% or 7,566%, respectively.
The Shiba Inu (SHIB) community is abuzz with excitement over the potential approval of a spot-based SHIB ETF. With the recent success of Bitcoin and Ethereum ETFs, SHIB enthusiasts are calling for a similar product for their favorite meme coin. The question now is, how would such an ETF impact SHIB’s price?
The ETF Buzz: Why SHIB Matters
Shiba Inu proponents argue that SHIB’s journey to an ETF could be smoother than expected. They point out that the U.S. SEC has not labeled SHIB as a security, which might make it more feasible for an ETF approval. These advocates have even turned to major asset managers like Grayscale Investments to push for the creation of a SHIB ETF.
The potential impact on SHIB’s price hinges largely on the level of adoption such an ETF would receive. Bitcoin ETFs have shown substantial gains since their approval, largely driven by significant net inflows. As of late August, Bitcoin ETFs had seen $17.6 billion in inflows, according to Farside.
Price Predictions: What If SHIB Gets 50% of Bitcoin’s Inflows?
If Shiba Inu were to capture 50% of the Bitcoin ETF’s net inflows, this could mean $8.8 billion flowing into SHIB. According to Bank of America, Bitcoin’s market cap increased by $118 billion for every $1 billion in inflows. Applying this ratio to SHIB, an $8.8 billion inflow could drive SHIB’s market cap to around $1.12 trillion.
With a stable circulating supply of 589.27 trillion SHIB tokens, this market cap would push the price of SHIB to approximately $0.0019. This would represent a staggering 13,500% increase from SHIB’s current price of $0.00001397.
A Lower Scenario: What If SHIB Captures 30% of Bitcoin’s Inflows?
In a more conservative scenario where SHIB captures 30% of Bitcoin ETF inflows, it could attract $5.28 billion. Applying the same Bank of America estimate, this could result in a market cap of $631.25 billion for SHIB.
In this case, SHIB’s price could rise to around $0.001071 per token, a massive 7,566% increase from its current value. This potential growth illustrates just how transformative a SHIB ETF could be for the token’s valuation.
The approval and success of a SHIB ETF could significantly impact SHIB’s price. Whether the token achieves $0.0010 or $0.0019 will depend on the level of adoption and market dynamics. For now, SHIB enthusiasts remain hopeful that their calls for an ETF will soon be answered, potentially setting the stage for a remarkable price surge.
