Shiba Inu Downward

Rumors of Shiba Inu ETF spike burn rates

Rumors of Shiba Inu ETF spike burn rates

Greetings Publish0xians,

This in, Recent efforts in the community have revved up the daily burn rate a little over 5,000%. 30 million Shiba Inu have been sent to dead wallets recently fueling large transactions lately. Over the past week over a 100 million Shiba Inu tokens have been burned due to separate transactions making it a total of about 10% weekly now.

Lead developer S. Kusama recently expressed optimism about Shiba Inu ETF during the DOGE ETF filiing.

This is a milestone for Shiba Inu believers, now everybody is one step closer to the approval of Ethereum's ETF.

If approved by the U.S. Securities and Exchange Commission, the ETF would give a lot of exposure to DOGE for retail and institutional investors.

Let's take a look at how the DOGE ETF operates; by a cash-based system....hmmm. Does this mean investors can't directly deposit or withdraw Dogecoin? This gives me the idea most exchanges will act as a custodian and handle administration, bookkeeping, and hand to hand cash handling.

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I'm looking forward to hearing your perspective!

Take care and talk soon,

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Nothings Free

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Shiba Inu Downward
Shiba Inu Downward

Hey Publish0xians, I hope you're having a great day! I wanted to talk to you about something that's been on my mind lately—Shiba Inu ($SHIB).

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