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The Shiba Inu (SHIB) community is ramping up efforts to advocate for a SHIB-focused exchange-traded fund (ETF), calling on major asset management firms like BlackRock and Grayscale Investments to take action. Momentum behind the initiative has been growing rapidly, with a Change.org petition directed at Grayscale CEO Michael Sonnenshein surpassing 16,666 signatures as of press time. Meanwhile, influential SHIB group “Shibzens” have recently outlined compelling reasons why SHIB deserves ETF status, drawing parallels to the recent success of Bitcoin and Ethereum ETFs. As per the group, one of the strongest arguments for a SHIB ETF is the cryptocurrency’s massive and highly engaged community. With millions of holders actively participating in the SHIB ecosystem, it argued that the token enjoys a loyal user base that could drive demand, liquidity, and long-term price stability, key factors for a successful ETF. Shiba Inu’s Layer-2 blockchain, Shibarium, further strengthens its case. Since its launch in August 2023, the group emphasized that Shibarium has introduced real-world utility by powering decentralized finance (DeFi) applications, gaming projects, and payment solutions. The network also supports ecosystem tokens like BONE, used for gas fees, and TREAT, which could be incorporated into a diversified SHIB ETF, expanding its investment appeal. Another major factor is affordability. Unlike Bitcoin and Ethereum, which can be expensive for small investors, SHIB’s low price per token makes it an accessible entry point for retail traders. This inclusivity allows a broader investor base to gain crypto exposure, while SHIB’s high trading volume and strong liquidity provide a solid foundation for institutional ETF products. A SHIB ETF could also align with Environmental, Social, and Governance (ESG) investment strategies. The Shib Karma Foundation, a philanthropic initiative within the SHIB ecosystem, highlights the community’s commitment to social good. Additionally, SHIB’s growing adoption across industries, including gaming and payments, demonstrates its increasing real-world relevance and utility. This push comes amid significant political and institutional shifts that signal a growing acceptance of cryptocurrency, further strengthening the case for a SHIB ETF. Former U.S. President Donald Trump recently acknowledged major digital assets like XRP, Solana, and Cardano, fueling speculation that increased regulatory clarity could benefit altcoins like SHIB. On Friday, the President hosted the first-ever White House Crypto Summit, bringing together key figures in the crypto industry. Among them was Robinhood CEO Vlad Tenev, a well-known advocate for meme-based assets whose involvement has further bolstered optimism. The SHIB community led by lead developer Shytoshi Kusama have expressed optimism that Tenev could play a role in advocating for the inclusion of meme coins like SHIB and Dogecoin in the discussions. That said, while BlackRock and Grayscale have yet to submit a formal application for a SHIB ETF, the precedent set by Bitcoin and Ethereum ETFs proves that crypto-based investment products are viable. With strong community backing, increasing adoption, and favorable market trends, Shibizens believe SHIB is next in line.

🎯 Key Takeaways ✅ Market makers are likely hunting liquidity in the $81,500 - $80,500 zone before any real reversal. ✅ A bounce from $81,500 could trigger a short squeeze to $82,500 - $83,000. ✅ Breaking below $81,500 means $80,500 - $80,000 is the next liquidity target.

Bro, no way this is real life 😭😂 ( lost a lot on that shit )

9/28 March 9, 2025 Today, I deleted all my pending spot limit orders. Some OG levels seem to be breaking through the areas I was waiting for—like ORAI. I sincerely hope this thesis remains valid. However, there’s no point in rushing anything until BTC ⚡ moves. So, I’ll have to be patient. One of my biggest psychological biases is still standing in my way. I have never taken a trade risking more than 1%. I believe that, in the long run, this could hurt my profitability. Of course, if I start risking 5% per trade, I’ll have to reduce the number of trades I take. But I keep telling myself— One good trade is better than five bad ones. For a long time, I was trapped in the illusion that risking less meant taking more trades. But if most of them are weak, wouldn’t it be better to focus on just one solid trade? Today, multiple OG alerts triggered at key levels. I think a reversal could happen tonight. But whatever happens, I won’t wait for the daily close. Sleep is more important for trading in the right conditions. Or maybe, the real reversal will come between March 14-15. Either way, I’ll have to wait. It was a quiet day. I continued rewriting the book in my own way. Chapter 2 is almost reshaped. I’m really enjoying this process. And I feel like learning this way is much faster. Whenever the book suggests an action— I don’t wait. I apply it immediately. Then, and only then, I move to the next paragraph.

🤔Just a thought, not a certainty, only a possible scenario I can see happening. Grab liquidity in the extreme range low --» trap retail into going short --» go back up and grab all liquidity built up from the previous week --» trap retail into going long Sounds like the same old trick is unfolding, with the goal of leaving bears and bulls baffled before the real move happens. Liquidity trend lines are so obvious for the 👁️ The real question is : Where is the most powerful fuel hiding in order to move big ? If you managed to get a short in the previous week and it is still going on, you should take profit about here and your SL should already be at BE. It is okay to risk a portion in case of no retracement into the range, but it feels very unlikely. If your short has a shitty R/R from here, you should consider questioning yourself if you are playing it right as your play is far from optimal given all the clues we have at the moment. Zoom out and see from which range you took your trade from. The way you take profit should consider such data instead of : I hope so. ⬆️ What I just said above is again just my perception and I could be wrong.