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crypto.news 2025-01-29 13:12:32

Balchunas confirms Bonk 2x ETF possibility remains strong

Eric Balchunas, a senior Bloomberg ETF analyst, has suggested that the potential for a Bonk 2x ETF remains strong. In a recent X post , Eric Balchunas reassured his followers that the possibility of Bonk 2x ETF is still very much alive. He pointed out that while Tuttle withdrew filings for the 2x Melania and Trump ETFs—likely due to direct pushback from regulators—the Trump and Doge ETF filing from Rex remains active. This suggests the SEC may not be outright rejecting all meme coin ETFs, leaving room for Bonk to move forward. So for anyone who had their heart set on a 2x Bonk ETF you may still get your wish! — Eric Balchunas (@EricBalchunas) January 28, 2025 Balchunas’s comment follows Tuttle Capital Management’s filing on Monday, which sought approval for 10 2x leveraged crypto ETFs, including one for Bonk. If approved, this would mark the first-ever leveraged ETF to track Bonk. Read more: Solana ETF push resumes as Cboe BZX resubmits applications to SEC This development comes after a series of filings aimed at bringing Bonk-related investment products to market. On Jan. 21, Osprey and Rex Shares submitted applications for non-leveraged ETFs tracking Bonk and other digital assets. However, the push for a Bonk ETF began back in September 2024, when Bonk Inu and Osprey Funds first announced plans for a Bonk exchange-traded product (ETP), a move widely seen as a stepping stone toward a full-fledged ETF. In his earlier post on X , Balchunas pointed out that this is a 40 Act filing, meaning that, theoretically, these ETF products could be launched and trading by April—unless the SEC rejects them. Also note this is a 40 act filing so in theory unless the SEC disapproves them they could be out and trading in April. Will be interesting to see where the SEC draws line (if at all) and why. I will say it’s been a week since Doge/Trump filing and it hasn’t been withdrawn. That’s… — Eric Balchunas (@EricBalchunas) January 27, 2025 You might also like: DOGE fans worry after predicted 20% drop, rush to Remittix for gains

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