Enthusiasts hope that BlackRock's involvement in Shiba Inu could significantly impact the coin's price.
A theoretical analysis suggests that if BlackRock were to invest 1% of its $10 trillion AUM into SHIB, the price could potentially jump to $0.0001696, giving SHIB holders over 13 times growth.
If other asset managers like Vanguard or Fidelity also invested 1% of their AUM into SHIB, the price could increase to $0.00014 and $0.000076 respectively, reflecting significant growth for the coin.
BlackRock's involvement in Bitcoin ETFs in the past has shown institutional demand and caused significant price increases, leading to anticipation for their involvement in other crypto ETFs.