Shib community sends petition to CEO Grayscale urging the launch of Shiba Inu ETF fund

The SHIB community has submitted a request to Grayscale CEO Michael Sonnenshein, urging him to launch an ETF fund. They believe that an ETF fund for SHIB will provide investors with an accessible and regulated way to invest in the cryptocurrency. The community sees this as an opportunity to enhance the liquidity and legitimacy of SHIB, ultimately benefiting all SHIB holders. They are hopeful that Michael Sonnenshein will consider their request and take the necessary steps to make this ETF fund a reality.

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The SHIB community has sent a petition to Grayscale CEO Michael Sonnenshein, urging him to launch an ETF specifically for Shiba Inu.

After the approval of Bitcoin ETFs by the SEC, all eyes are now on the possibility of approving an Ethereum ETF.

At this time, the move for an ETF comes from the Shiba Inu community.

Accordingly, the SHIB community has sent a proposal to Grayscale CEO Michael Sonnenshein, urging him to launch an ETF specifically for Shiba Inu.

“We wholeheartedly call on Grayscale to consider establishing the Shiba Inu Trust (ETF),” the proposal reads.

The SHIB community also states that they believe there is a high likelihood of approving ETFs for Ethereum (ETH), Solana (SOL), and XRP.

Lucie, the marketing leader of the Shiba Inu group, also posted on X on February 26th to reach a larger community and call for support as well as signatures for the campaign. The proposal has so far received 766 signatures.

SHIB continues to trade at $0.000009572.

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