Balchunas confirms Bonk 2x ETF possibility remains strong

Eric Balchunas, a senior Bloomberg ETF analyst, has advised that the potential for a Bonk 2x ETF stays robust.

In a latest X put up, Eric Balchunas reassured his followers that the potential for Bonk 2x ETF remains to be very a lot alive. He identified that whereas Tuttle withdrew filings for the 2x Melania and Trump ETFs—possible as a consequence of direct pushback from regulators—the Trump and Doge ETF submitting from Rex stays lively. This implies the SEC might not be 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 permitted, this may mark the first-ever leveraged ETF to trace Bonk.

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This growth comes after a collection of filings geared 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. Nonetheless, 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, that means that, theoretically, these ETF merchandise might be launched and buying and selling by April—until the SEC rejects them.

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