While no official application for a Shiba Inu (SHIB) ETF exists, speculation abounds regarding its potential impact on cryptocurrency markets. A hypothetical SHIB ETF could mirror the substantial inflows seen in Bitcoin and Ethereum ETFs. This scenario envisions $240 million in potential investment, significantly affecting SHIB’s market value if a significant portion of this inflow flows into a SHIB ETF. 11,000 signatures have been submitted to Grayscale, urging them to introduce a SHIB ETF, though official action remains absent. The SEC has yet to receive any formal applications for such an ETF. Grayscale leadership acknowledges the lack of formal actions, hinting at potential market hesitation.