Shiba Inu (SHIB) Price Prediction: SHIB Has the Potential to Reach the Ambitious $0.001 Price Territory

Shiba Inu community members have been calling on asset managers to roll out a similar product for SHIB. These Shiba Inu proponents contend that SHIB has everything it takes to get an ETF tied to the asset.

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Shiba Inu (SHIB) community members have been eagerly awaiting the launch of a spot-based SHIB ETF, believing that such a product could have a substantial impact on the token's price.

Several factors could influence SHIB's price if an ETF is approved by the U.S. Securities and Exchange Commission (SEC). One key determinant is the level of adoption the product receives.

For instance, Bitcoin has seen significant gains since the SEC approved multiple Bitcoin spot ETFs on January 10. The surge can be attributed to the net inflows these ETFs have generated since January 10, totaling $17.6 billion as of August 30, according to data from Farside.

If Shiba Inu gets a spot ETF and records 50% of Bitcoin ETF net inflows, its inflow would amount to $8.8 billion. According to a recent report, Bank of America (BoA) estimated that Bitcoin ETF inflows would have a more significant impact on BTC's price.

The banking giant estimated the impact to be around 1:118 for Bitcoin. This indicates that BoA expects Bitcoin’s market cap to increase by $118 billion for every $1 billion worth of inflow into the product.

Using this estimate for Shiba Inu, a hypothetical inflow of $8.8 billion, assuming SHIB's potential ETF captures 50% of Bitcoin spot ETF net inflow, could translate to a market cap of approximately $1.04 trillion. Adding this figure to Shiba Inu’s current market cap of $8.21 billion would bring SHIB's valuation to $1.12 trillion.

Supposing Shiba Inu’s circulating supply remains relatively stable at 589.27 trillion, a market cap of $1.12 trillion would translate to a price of $0.0019. This represents a surge of 13,500% from SHIB's current price of $0.00001397.

On the other hand, Shiba Inu’s potential ETF could record an inflow of $5.28 billion if it captures 30% of Bitcoin's net inflow. Applying the BoA's estimate to the $5.28 billion inflow could lead to a market cap of $623.04 billion for Shiba Inu.

In this hypothetical scenario, Shiba Inu’s valuation would increase to $631.25 billion after adding the figure to the current market cap. At a market cap of $631.25 billion, Shiba Inu’s price would increase to $0.001071 per token, assuming the circulating supply remains fairly stable at 589.27 trillion. This marks a massive surge of 7,566% from Shiba Inu’s current price.

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