Shiba Inu Future Contracts May Lead To SHIB Spot ETF
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The Shiba Inu community is thrilled following a notable development that could make way for Shiba Inu ETF. Coinbase’s crucial filing could potentially amplify the prospects of a SHIB ETF sending in ripples of optimism across the Shiba Inu community.
Coinbase Requests Permission For Regulated Futures
Last week, Coinbase Derivatives requested permission from the U.S. CFTC to launch regulated futures contracts for Shiba Inu along with Stellar (XLM), Chainlink (LINK), Polkadot (DOT), and Avalanche (AVAX). Coinbase expects is set to launch the new futures contracts on July 15, pending CFTC approval.
RagnarShiba, a Shiba Inu social media admin, highlighted Coinbase’s latest move with a filing on Shiba Inu futures submitted to the Commodity Futures Trading Commission. Investors and enthusiasts are closely observing the situation to see how the CFTC will respond to Coinbase’s filing.
Regulated Futures Benefits To Investors
Notably, Altcoin Daily also suggested that the upcoming launch of Coinbase Derivatives’ CFTC-regulated Shiba Inu’s futures contract could pave the way for a spot ETF.
Altcoin Daily in its X post has also underscored the benefits of the offering for US investors. The expert stated that regulated futures contracts offer investors enhanced transparency, regulatory oversight, a compliant trading environment, and risk management. It was also noted that these products often lead to the potential launch of spot ETFs for the assets involved.
Scott Melker, host of The Wolf of All Streets podcast, also highlighted how the ETF approvals have opened the floodgates of institutional money into the crypto market. Melker noted that some of the products already exist in foreign markets with US lagging b
Is SHIB Next After BTC, ETH?
Altcoin Daily also claimed that the Bitcoin and Ethereum ETFs only got approved because they initially had regulated futures contracts.
ETFs, which provide a more accessible route for investors to gain exposure to assets, would allow a broader range of investors to speculate on the price of Shiba Inu without needing to directly purchase and store the digital tokens.
