China News Daily Official TheBitTimes.com

The interest around exchange traded funds (ETFs) has been rising without a stop. Several have been diving into this sector with altcoins. While firms have already filed for prominent altcoins like Dogecoin (DOGE), Litecoin (LTC), XRP, Solana (SOL) ETFs, Shiba Inu did not want to be left behind. The community behind the meme coin network was seen pitching the idea of filing for a Shiba Inu ETF to firms like BlackRock and Grayscale Investments. Also Read: De-Dollarization: Deutsche Bank Predicts The Future Of The US Dollar Here’s Why Shiba Inu ETF Could Be A Game Changer Source: Watcher Guru Through a recent tweet, Shibarium Updates revealed several reasons on why firms like Grayscale and BlackRock should launch a SHIB ETF in the United States. In the post, the community member highlights why Shiba Inu could be a game changer in the sector. The X post notes how Shiba Inu ETFs have enormous market potential because of their robust community. Along with this, high liquidity, and retai...

Grayscale secured a pivotal victory against the SEC, paving the way for the U.S.’s first Bitcoin spot ETF and igniting a surge in Bitcoin and other cryptocurrency prices. In a milestone development, Grayscale Investments LLC secured judicial backing for the initiation of a Bitcoin spot exchange-traded fund (ETF) in the United States. A panel of three federal judges in Washington effectively annulled the U.S. Securities and Exchange Commission’s prior decision to prevent the ETF from going forward. This decision has acted as a catalyst, triggering Bitcoin’s price to ascend significantly in its immediate aftermath. JUST IN The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF! Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your support and… — Sonnenshein (@Sonnenshein) August 29, 2023 The U.S. Court of Appeals for the ...