Balchunas confirms Bonk 2x ETF possibility remains strong

Eric Balchunas, a senior Bloomberg ETF analyst, has suggested that the potential for a Bonk 2x ETF remains strong.

In a recent X post, Eric Balchunas reassured his followers that the possibility of Bonk 2x ETF is still very much alive. He pointed out that while Tuttle withdrew filings for the 2x Melania and Trump ETFs—likely due to direct pushback from regulators—the Trump and Doge ETF filing from Rex remains active. This suggests the 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. On Jan. 21, Osprey and Rex Shares submitted applications for non-leveraged ETFs tracking Bonk and other digital assets. However, 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. 

In his earlier post on X, 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.