Shiba Inu (SHIB) is experiencing a surge in price anticipation, potentially reaching $240 million in fresh capital if a spot ETF were to gain even 10% of Ethereum’s cumulative ETF inflows. The token’s current trading value sits at $0.00001338, with the market witnessing volatility and growing interest from institutional investors in memecoins like SHIB. While no SHIB ETF application has been filed yet, a petition exceeding 11,000 signatures is urging Grayscale to consider an application. Analysts suggest that if SHIB captured even 10% of Ethereum’s ETF inflows, it could see approximately $240 million in fresh capital inflow. The token’s price briefly dipped, but stabilized at a trading value of $0.00001338. This news comes as the market observes growing institutional interest in memecoins like SHIB.