Eric Balchunas, a senior Bloomberg ETF analyst, has steered that the potential for a Bonk 2x ETF stays sturdy.
In a latest X put up, Eric Balchunas reassured his followers that the potential for Bonk 2x ETF continues to be very a lot alive. He identified that whereas Tuttle withdrew filings for the 2x Melania and Trump ETFs—doubtless resulting from direct pushback from regulators—the Trump and Doge ETF submitting from Rex stays lively. This means the SEC is probably not outright rejecting all meme coin ETFs, leaving room for Bonk to maneuver ahead.
Balchunas’s remark follows Tuttle Capital Administration’s submitting on Monday, which sought approval for 10 2x leveraged crypto ETFs, together with one for Bonk. If accredited, this might mark the first-ever leveraged ETF to trace Bonk.
This improvement comes after a collection of filings aimed toward bringing Bonk-related funding merchandise to market. On Jan. 21, Osprey and Rex Shares submitted functions for non-leveraged ETFs monitoring Bonk and different digital belongings. Nevertheless, the push for a Bonk ETF started again in September 2024, when Bonk Inu and Osprey Funds first introduced plans for a Bonk exchange-traded product (ETP), a transfer extensively seen as a stepping stone towards a full-fledged ETF.
In his earlier put up on X, Balchunas identified that it is a 40 Act submitting, which means that, theoretically, these ETF merchandise may very well be launched and buying and selling by April—until the SEC rejects them.
