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Shiba Inu Is Soaring Today-Here's Why
Yahoo Finance· 2025-12-03 19:25
Group 1: Market Performance - Shiba Inu (CRYPTO: SHIB) has increased by 7.9% in the last 24 hours, outperforming Bitcoin as the crypto market gains momentum for the second consecutive day [1] - The S&P 500 and Nasdaq Composite have risen by 0.4% and 0.2%, respectively, indicating a positive trend in the broader market [1] Group 2: Vanguard's Policy Change - Vanguard has reversed its long-standing prohibition on trading crypto mutual funds and ETFs on its brokerage platform, allowing access to a significant amount of capital [2][7] - With $11 trillion in assets managed, this policy change could potentially lead to increased investment in crypto-related funds, although the actual flow is expected to be a small fraction of the total [2] Group 3: Shiba Inu's Speculative Nature - Shiba Inu's value is primarily driven by speculation and hype, making it highly sensitive to market sentiment [4] - The token has seen a significant increase in token burning, which may contribute to its recent price surge [1]