Tuttle Capital, an investment adviser firm with over $3.6 billion in assets under management, has filed for the second-ever spot Bonk (BONK) ETF. According to the SEC filing, Tuttle Capital filed for a Bonk Income Blast ETF with the United States Securities and Exchange Commission (SEC).
The fund manager filed with the SEC to offer a spot Bonk ETF alongside the Litecoin (LTC) income blast ETF and Sui (SUI) income blast ETF. As such, Tuttle Capital is the second U.S. fund manager to file to offer a spot Bonk ETF after Rex Shares and Osprey Funds earlier this year.
The growing demand for Bonk by institutional investors, led by Tuttle Capital, is heavily influenced by its market dynamics. The mid-cap memecoin based on the Solana network, had a market cap of above $1.87 billion and a 24-hour trading volume of around $348 million.
The Bonk token is currently ranked the second largest memecoin after Pudgy Penguins (PENGU). With the anticipated crypto bull market before the end of fourth quarter, BONK price is expected to rally exponentially against Bitcoin, Ethereum, and Solana.
BONK price rose around 4% in the past 24 hours to trade about $0.00002426 at the time of this writing. The demand for BONK has continued to grow with its ecosystem.
The LetsBonk.fun platform for memecoin launches has seen its top meme dubbed Useless Coin gain market reputation. According to data from Nansen, the supply of BONK on crypto exchanges dropped by 22% during the past 30 days according to Nansen.
From a technical analysis standpoint, BONK price has faced a major supply wall around the mid-July 2025 peak. However, a consistent close above $0.00004 will trigger a further bull rally, with minimal resistance.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
PIKZ has announced the launch of $PIKZ, the native utility token that will power its…
The Zcash Foundation has defended the Zcash (ZEC) network as independent from any third party.…
Solana is one of the most closely watched cryptos since its breakout in 2021, attracting…
Morgan Stanley, a top-tier bank with more than $1.8 trillion in assets under management, has…
SharpLink (SBET) has deployed $170 million worth of Ethereum for restaking services. The Ethereum treasury…
World Liberty Financial is gaining immense traction yet again as the price surges above 10%…
