Well, I was really exited about this, but apparently was not paying attention to the max deposit amount which is currently around 22 Steem. I sent 62.593 and I got a message saying transaction failed. So far it has not returned back to me. It appears that I just lost $100 worth of Steem.
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Update: I opened up a support ticket with Shapeshift and they were able to provide me a full refund. Thanks @shapeshiftio!