Shiba Inu Added to Coinbase ETF Watchlist Amid Market Speculation

Shiba Inu is gaining traction in the cryptocurrency market, especially regarding exchange-traded funds (ETFs). The coin has caught Coinbase's attention, which already offers a futures product for it. This development may position Shiba Inu for future ETF consideration.

Shiba Inu on Coinbase’s ETF Watchlist

Shiba Inu joined Coinbase's "ETF Watchlist Club," which includes coins like Dogecoin (DOGE), Solana (SOL), and XRP.
Susie S, SHIB’s marketing lead, noted the coin's potential for spot ETF consideration due to Coinbase's existing regulated futures contract, the “1K SHIB Index.”
An initial ETF might include Shiba Inu as part of a broader "Top 10 Crypto ETF" that bundles several coins.

Market Analyst Predicts Potential for SHIB

Analyst Heber Mayen predicts significant growth for Shiba Inu, highlighting its increasing activity in trading markets.
SHIB's popularity on Coinbase's perpetual markets is rising, potentially boosting its case for ETF approval.
As trading volume increases, so does the potential for an ETF, reflecting momentum and interest from leveraged traders.

Shiba Inu's growing attention and trading volume could pave the way for it to become a candidate for a crypto ETF, fueled by both market dynamics and analyst optimism.