Hope for a Bonk 2x ETF Still Alive, According to Bloomberg Analyst

Eric Balchunas, a senior Bloomberg ETF analyst, has reassured his followers that the possibility of a Bonk 2x ETF remains strong. Despite Tuttle withdrawing filings for the 2x Melania and Trump ETFs, likely due to regulatory pushback, the Trump and Doge ETF filing from Rex remains active.

This suggests that the Securities and Exchange Commission (SEC) may not be outright rejecting all meme coin ETFs, leaving room for Bonk to move forward. Balchunas’s comment follows Tuttle Capital Management’s filing on Monday, which sought approval for 10 2x leveraged crypto ETFs, including one for Bonk.

If approved, this would mark the first-ever leveraged ETF to track Bonk. This development comes after a series of filings aimed at bringing Bonk-related investment products to market.

Recent Filings and Developments

On January 21, Osprey and Rex Shares submitted applications for non-leveraged ETFs tracking Bonk and other digital assets. The push for a Bonk ETF began back in September 2024, when Bonk Inu and Osprey Funds first announced plans for a Bonk exchange-traded product (ETP), a move widely seen as a stepping stone toward a full-fledged ETF.

Also note this is a 40 act filing so in theory unless the SEC disapproves them they could be out and trading in April. Will be interesting to see where the SEC draws line (if at all) and why. I will say it’s been a week since Doge/Trump filing and it hasn’t been withdrawn.

Balchunas pointed out that this is a 40 Act filing, meaning that, theoretically, these ETF products could be launched and trading by April—unless the SEC rejects them.

Key Takeaways

  • The SEC may not be rejecting all meme coin ETFs, leaving room for Bonk to move forward.
  • Tuttle Capital Management’s filing sought approval for 10 2x leveraged crypto ETFs, including one for Bonk.
  • If approved, this would mark the first-ever leveraged ETF to track Bonk.
  • The push for a Bonk ETF began back in September 2024.
  • The ETF products could be launched and trading by April, unless the SEC rejects them.

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