The Shiba Inu ecosystem team outlines how a potential SHIB ETF could extend its impact beyond the token itself to boost Shibarium and its gas token, BONE. This outline came via the official X handle of its Layer 2 blockchain, Shibarium. Notably, the team pointed out that the race for spot crypto ETFs is heating up. With Bitcoin and Ethereum ETFs already live, speculation is turning to which crypto asset will be next in line. Interestingly, the ecosystem team framed Shiba Inu as a major contender for a spot ETF, citing its popularity and its transition from a meme coin to a utility token. First, the post emphasized that a potential Shiba Inu ETF will focus solely on SHIB, lowering the barrier for traditional investors who prefer regulated products to gain exposure to the token. The team expects this to give SHIB greater visibility and legitimacy in mainstream finance. Although a potential SHIB ETF would focus on the token, the team speculates that the product would still draw institutional attention to the broader ecosystem, particularly Shibarium. Launched in August 2023, Shibarium serves as Shiba Inu’s native Layer 2 blockchain, designed for fast and low-cost transactions. Users get to pay every Shibarium transaction fee in BONE, the network’s official gas fee token. As SHIB gains legitimacy and widespread demand through a potential ETF, the team suggests that this adoption could spill into Shibarium and BONE. Interestingly, some community members frame BONE as the silent winner of the ripple effects that a SHIB ETF would bring. Shiba Inu to Emerge as First ETF L2? Meanwhile, while several asset managers have filed to launch a Dogecoin ETF in the U.S., none have indicated interest in SHIB. Despite this, the team believes Shiba Inu could still become “the first ETF L2.” It argued that Shiba Inu has a solid infrastructure that rivals like Dogecoin lack. According to the team, while Shiba Inu has a functioning scaling layer solution through Shibarium, Dogecoin runs on a fragmented network.