In latest X posts, Eric Barchunas reassured his believers that the potential of BONK 2X ETF continues to be very alive. He has withdrawn the appliance of Melania and Trump ETF, which is twice as tumulus, however identified that Trump and Dodge ETF from Rex stay lively on account of direct pushbacks from regulatory authorities. 。 This means that SEC might not utterly refuse all MEME COIN ETFs, leaving room for BONK.
So, for many who are eager on the 2X BONK ETF, you should still get your want!
-Eric Barchunas (@ERICBALCHUNAS) January 28, 2025
The Balchunas feedback have been submitted by Tuttle Capital Administration on Monday, urging the approval of Crypto ETF with twice so long as 10, together with BONK. If authorized, that is the primary time in historical past Leverage ETF that tracks BONK.
learn extra: Solana ETF push resume to re -rabbit the appliance to SEC
This growth is made after a sequence of submits to deliver BONK -related funding merchandise to the market. On January 21, OSPREY and REX submitted a non -leveraged ETF utility for monitoring BONK and different digital belongings. Nonetheless, the promotion of BONK ETF started in September 2024, when BONK INU and OSPREY FUNDS first introduced plans for Bonk Trade-Traded merchandise (ETP).
In an earlier submit about X, Balchunas identified that this was 40 ACT. In different phrases, theoretically, these ETF merchandise can begin and commerce by April.
Additionally, observe that that is the submission of 40 ACT. Notice that theoretically, SEC will not be theoretically, except SEC goes out in April and might commerce. It might be fascinating to see the place the SEC pulls out the road (even whether it is). One week after submission of DOGE/Trump, I do not suppose it has been withdrawn. it’s…
-Eric Barchunas (@ERICBALCHUNAS) January 27, 2025
It’s possible you’ll prefer it too DOGE followers are frightened after predicting the lower by 20 %.
