Shiba Inu has the potential to surge by 9,472% to a new record high of $0.001477 if it captures just 50% of the capital inflows seen by Bitcoin ETF products.
After years of denial and continuous delays, the U.S. Securities and Exchange Commission (SEC) approved the trading of Bitcoin ETFs in January. These products have since achieved significant success, attracting billions of dollars in inflows. Since January 10, Bitcoin ETFs have seen a net total inflow of $14.76 billion.
While initially surpassing $15 billion, net cumulative inflows have since fallen below this threshold. However, the net inflows of $14.76 billion over seven months highlight a remarkable achievement.
With the success of Bitcoin ETFs, discussions have emerged about the possibility of ETFs tracking other cryptocurrencies. Notably, some asset managers have already applied for Ethereum ETFs, with their applications submitted under Form 19b-4. The regulatory body still needs to approve these companies’ Form S-1 applications to begin trading the products.
Calls for a Shiba Inu ETF
Asset management firm VanEck has filed to launch the first Solana ETF in the U.S. market. Meanwhile, amid the ETF craze, members of the Shiba Inu community have advocated for the launch of a Shiba Inu ETF. The community has petitioned Grayscale Investments to introduce such a product.
Grayscale has yet to respond. The rising calls for a Shiba Inu ETF are driven by the potential impact such a product could have on Shiba Inu’s price. If demand is high, ETFs could attract enough capital to significantly influence the Shiba Inu market.
Recently, Crypto Basic assessed the potential impact if Shiba Inu ETFs recorded half of the Bitcoin ETFs’ inflows. Notably, 50% of $14.76 billion is $7.38 billion.
The Potential Price of SHIB
If Shiba Inu ETFs receive $7.38 billion in inflows, the market cap could rise significantly. Bank of America estimates this impact at a 1:118 ratio for Bitcoin. This means analysts expect Bitcoin’s market cap to increase by $118 billion for every $1 billion flowing into Bitcoin ETFs.
Applying this estimate to Shiba Inu, an inflow of $7.38 billion would result in a market cap increase of $861.4 billion. Shiba Inu’s current market cap is $9 billion, potentially rising to $870.4 billion with the additional $861.4 billion.
Read more Shiba Inu Price Predictions: Could SHIB Drop One or Two Zeros?
This $870.4 billion valuation translates to a SHIB price of $0.001477, representing a 9,472% increase from the current price of $0.00001543. However, it’s important to note that this is a hypothetical assessment and not investment advice. Shiba Inu does not currently have an existing ETF, and such inflows would require substantial demand.
Important Notice: The content presented in this article is intended for informational purposes only and should not be interpreted as financial advice. Coinshibainu.com bears no responsibility for any investment decisions made relying on the information contained herein. It is highly recommended to consult with a qualified expert or financial advisor before making any investment decisions.
