Darling, gather ’round! Tuttle Capital, that oh-so-chic investment adviser with a cool $3.6 billion in assets (yes, billion, darling), has filed for the second-ever spot Bonk (BONK) ETF. According to the SEC filing-oh, those tedious bureaucrats-Tuttle Capital has thrown its hat into the ring with a Bonk Income Blast ETF. How utterly thrilling! 🥂
Apparently, the darlings at Tuttle aren’t content with just one or two ETFs; they’ve also filed for a Litecoin (LTC) income blast and a Sui (SUI) income blast. Honestly, it’s like they’re hosting a crypto cocktail party and everyone’s invited! 🍸 This makes them the second U.S. fund manager to file for a spot Bonk ETF, following in the footsteps of Rex Shares and Osprey Funds. How très chic! 👠
Why, Pray Tell, Is Tuttle Capital So Enamored with Bonk?
Well, my dear, it’s all about the market dynamics, isn’t it? Bonk, that darling mid-cap memecoin on the Solana network, boasts a market cap of over $1.87 billion and a 24-hour trading volume of around $348 million. Simply divine! 💎 It’s currently the second-largest memecoin after Pudgy Penguins (PENGU), which, let’s face it, is just a delightful name. With the crypto bull market looming before the end of the fourth quarter, BONK is expected to rally exponentially against Bitcoin, Ethereum, and Solana. Fasten your seatbelts, darlings! 🚀
Why Is BONK Price Up Today, You Ask?
Rising Demand from Institutional Investors and Ecosystem Growth, of Course!
BONK’s price has ticked up a delightful 4% in the past 24 hours, trading at a modest $0.00002426 as I type this. The demand for BONK is growing faster than gossip at a society ball, thanks to its expanding ecosystem. 🌐 The LetsBonk.fun platform-yes, that’s actually its name-has seen its top meme, Useless Coin, gain quite the reputation. Honestly, the name alone is worth its weight in gold! 🪙 According to Nansen, the supply of BONK on crypto exchanges has dropped by 22% in the past 30 days. How intriguing! 🔍
Is Bonk Price Out of the Woods for the Short Term?
From a technical analysis standpoint-oh, do pardon the jargon-BONK’s price has hit a bit of a supply wall around the mid-July 2025 peak. However, a consistent close above $0.00004 will trigger a further bull rally, with minimal resistance. So, my darlings, keep your champagne flutes at the ready! 🍾
Until next time, keep it classy and crypto-savvy! 💋✨
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2025-09-17 01:37