Bonk Inu Announces First-Ever Memecoin ETP in the U.S.

Bonk Inu (BONK), a popular meme coin built on the Solana blockchain, has made a significant leap in the global cryptocurrency space.

The project recently announced the launch of a BONK exchange-traded product (ETP) in the U.S., becoming the first meme coin to achieve such a milestone. Crypto enthusiasts are now speculating whether this ETP launch could have a positive effect on the token’s price.

During the recent Solana Breakpoint event, which brings together developers and enthusiasts, the Bonk Inu community revealed its plans for the U.S. ETP launch. They noted that this move is seen as a preliminary step toward creating a BONK ETF.

The Bonk Inu team is collaborating with Osprey Funds, a New York-based firm known for its role in launching one of the first Bitcoin ETFs, as well as Solana Trust, to bring the ETP to the U.S. market. The community has expressed hope to see the ETP introduced by the end of the year.

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The token’s ticker, BONK, will remain unchanged, and the news of the upcoming ETP has generated a wave of optimism among investors worldwide.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.