Shiba Inu futures contract is expected to be listed on Coinbase post July 15, pending CFTC approval per IBC Group report.
SHIB erased losses from the past week, trading at $0.00001718 on Sunday.
SHIB could extend gains by 18% in its upward trend.
Shiba Inu (SHIB) traders are anticipating the roll-out of futures contracts, products like Exchange Traded Funds (ETFs) that could boost the asset’s utility. An IBC report shows the contract is expected to be listed post Monday, July 15.
Shiba Inu erased losses from past week
Shiba Inu made a comeback above $0.00001720, at the time of writing. The meme coin was hit by a correction that pushed SHIB price to its July 5 low of $0.00001266. SHIB has erased losses and the sentiment among traders is back to neutral from negative, per data from CFGI.io.
The social sentiment is positive and this is likely due to traders’ anticipation surrounding the launch of Shiba Inu futures contract and related products that could boost the meme coin’s utility.
IBC informed crypto market participants through a tweet that the new offerings could launch post July 15, and are currently pending approval by the U.S. Commodity Futures Trading Commission (CFTC), it could diversify the financial product suite for SHIB
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