Rumors of Shiba Inu ETF spike burn rates

By Nothings Free | Shiba Inu Downward | 5 Mar 2025

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.