Shiba Inu Climbs Above $0.000013 Amid ETF Speculation and Fed Rate Cut

The meme coin’s price gains follow renewed ETF rumors and a 25 bps U.S. Federal Reserve rate cut, despite lower trading volumes and Shibarium hack fallout.

SHIB

Summary

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Terms & Concepts
  • ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, which can track assets like cryptocurrencies, giving investors exposure without direct ownership.
  • Basis Points (bps): A unit equal to one hundredth of a percentage point, commonly used to measure interest rate changes.
  • Shibarium: A layer-2 blockchain solution for Shiba Inu aimed at improving scalability and transaction efficiency.