Analyst Downplays Possibilities of a SHIB ETF, Says Measurement and Quantity Too Low

• Host of ClayBro, Clay, performed down the probabilities of a Shiba Inu ETF. 
• The analyst mentioned Shiba Inu’s measurement and commerce quantity aren’t sufficiently big to draw curiosity. 
• A diversified ETF that tracks a number of cryptos is SHIB’s finest probability of an ETF.

In a current video, Clay, the host of the cryptocurrency YouTube channel ClayBro, defined why the Shiba Inu group might have to attend longer to see the launch of a Shiba Inu exchange-traded fund (ETF). 

Following the launch of spot Bitcoin ETFs, probabilities of different crypto-focused ETFs have since raised optimism amongst a number of communities. As famous within the video, the SHIB journal’s newest difficulty stoked curiosity in an ETF for the meme coin with a entrance web page query of “When $SHIB ETF?”

Not like prevailing sentiment, Clay, who can also be a famend member of the SHIB group, performed down the probabilities of a SHIB ETF launch anytime quickly. The analyst based mostly this prediction on quite a few components. 

Firstly, Clay highlighted that one of many explanation why Bitcoin obtained institutional backing was due to its measurement. Bitcoin has a market cap of $836 billion and sees commerce volumes in billions, which Clay mentioned will increase the profitability of the issuers. 

In comparison with the flagship cryptocurrency, Clay mentioned Shiba Inu’s market cap is considerably decrease than Bitcoin’s. Moreover, the analyst talked about that Shiba Inu additionally sees a commerce quantity that’s incomparable to that of Bitcoin. “I don’t suppose Shiba Inu in of itself is one thing we’re going to see institutionalized,” Clay remarked. 

Alternatively, the analyst advised that an ETF drawn from a broader cryptocurrency market perspective may work. Whereas utilizing ETFs that observe specific shares and sectors for example, Clay opined a diversified ETF could also be SHIB’s finest probability of getting institutionalized. 

Utilizing this for example, the analyst mentioned a memecoin-focused diversified ETF may observe a number of tokens equivalent to SHIB and DOGE. This route, Clay defined, will notch up the token’s quantity, market capitalization, and the curiosity of the institutional traders.