Shiba Inu (CRYPTO: SHIB) surged 7.9% in the last 24 hours as of 2:00 p.m. ET on Monday, outpacing Bitcoin’s modest gains amid a broader crypto market increase following Vanguard’s policy reversal allowing crypto mutual fund trading. The S&P 500 and Nasdaq Composite rose 0.4% and 0.2%, respectively. Shiba Inu’s rise may also be attributed to a notable increase in token burning. Vanguard’s new policy potentially opens the door for significant capital inflows into crypto assets.
