Balchunas confirms Bonk 2x ETF possibility remains strong
Eric Balchunas, a senior Bloomberg ETF analyst, has steered that the potential for a Bonk 2x ETF stays robust.
In a recent X post, Eric Balchunas reassured his followers that the potential of Bonk 2x ETF remains to be very a lot alive. He identified that whereas Tuttle withdrew filings for the 2x Melania and Trump ETFs—probably because of direct pushback from regulators—the Trump and Doge ETF submitting from Rex stays energetic. 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 authorized, this could mark the first-ever leveraged ETF to trace Bonk.
This improvement comes after a sequence of filings geared toward bringing Bonk-related funding merchandise to market. On Jan. 21, Osprey and Rex Shares submitted applications 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 announced plans for a Bonk exchange-traded product (ETP), a transfer broadly seen as a stepping stone towards a full-fledged ETF.
In his earlier post on X, Balchunas identified that this can be a 40 Act submitting, that means that, theoretically, these ETF merchandise could possibly be launched and buying and selling by April—except the SEC rejects them.
