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Bonk 2x ETF Approval Still Possible, Says Bloomberg Analyst

Eric Balchunas, a senior ETF analyst at Bloomberg, believes the chances for a Bonk 2x ETF remain strong. Despite recent regulatory hurdles, he sees potential for its approval.

Bonk 2x ETF Still a Possibility

In a recent post on X (formerly Twitter), Balchunas reassured investors that a Bonk 2x ETF is still on the table. He noted that while Tuttle Capital withdrew filings for Melania and Trump 2x ETFs, the Trump and Doge ETFs from Rex remain active. This suggests the SEC is not outright rejecting all meme coin ETFs, leaving room for Bonk’s approval.

Growing Interest in Bonk ETFs

The push for Bonk-related investment products has been gaining momentum. On Jan. 21, Osprey and Rex Shares filed applications for non-leveraged Bonk ETFs. However, interest in a Bonk ETF dates back to September 2024, when Bonk Inu and Osprey Funds first announced plans for a Bonk exchange-traded product (ETP).

Most recently, Tuttle Capital filed for 10 leveraged crypto ETFs, including one for Bonk 2x. If approved, this would be the first-ever leveraged Bonk ETF in the market.

Potential Launch Timeline

Balchunas highlighted that the Bonk 2x ETF filing falls under the 40 Act, meaning these ETFs could start trading as early as April 2025—unless the SEC steps in to block them. Investors are closely watching for further updates.

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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