BONK ETF Filing Sparks 22% Rally Amid Growing Investor Demand

The Solana-based meme coin BONK surged 22% in the past 24 hours, driven by speculation surrounding the 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 2x Long BONK ETF, which could go live as early as July 16. This development has reignited enthusiasm among retail and institutional traders, who are piling into positions based on speculation that the ETF will attract additional capital inflows.

The growing interest is evident in BONK's rising spot net inflow metrics, with a current total of $1.68 million, up over 100% during the past day according to data from Coinglass.