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Tuesday, January 28, 2025

News BONK blog January 2025

News on BONK I just had to blog about January 2025 as he is getting a lot of attention. It will be fun to see how many other investment firms follow suit I had mentioned the filing to the SEC in my last post SEC Filing of Trump, Doge and Bonk. This is causing a stir in the investment management companies now filing for ETF's for them also.

A news article this morning called Tuttle Capital Files for XRP, Cardano (ADA), and BONK ETF Amid Growing Interest sparked my interest seeing these firms filing themselvest here is a quot from the article mentioned:

The Push for Meme Coin ETFs

Tuttle Capital Management recently filed for ten 2X long ETFs tied to cryptocurrencies such as XRP, Cardano (ADA), and even the Solana-based meme coin Bonk (BONK). This follows Rex Financial’s filing last week for a Dogecoin ETF and speculation that Bitwise Asset Management may soon follow suit with a similar offering.

It will be interesting to watch and see how many more investment companies follow suit. Bonk could be riding pretty high if the meme coins get approved.