Crypto
BONK ETF Filing Ignites Meme Coin Rally
The Solana-based meme coin BONK surged 22% in the past 24 hours, driven by renewed investor interest surrounding the potential launch of a leveraged exchange-traded fund tied to the digital asset.
Tuttle Capital filed a post-effective amendment with the SEC for its proposed suite of leveraged ETFs, including a 2x Long BONK ETF that could launch as early as July 16.
The growing interest in BONK is evident through its rising spot net inflow metrics, which climbed over 100% to $1.68 million during the past day according to data from Coinglass.