BONK ETF Filing Triggers 22% Price Surge

The Solana-based meme coin BONK has surged 22% in the past 24 hours, driven by renewed investor interest in its potential launch of a leveraged exchange-traded fund tied to the digital asset.

Tuttle Capital filed a post-effective amendment with the SEC for a 2x Long BONK ETF that could go live as early as July 16, sparking speculation among traders and investors.

The growing interest in BONK becomes evident through its rising spot net inflow metrics, which have climbed over 100% to $1.68 million in the past day, according to data from Coinglass.