Highlights
- Solana meme coin Bonk Inu announces ETP launch in the U.S.
- The token’s community is working with New York-based Osprey Funds.
Bonk Inu (BONK), the popular Solana-based dog-themed meme coin, has recently marked a monumental stride within the global crypto landscape. Notably, the meme token announced the launch of a BONK exchange-traded product (ETP) in the U.S, emerging as the first-ever meme coin to achieve this feat. Crypto market enthusiasts speculate whether the ETP launch could fuel a positive impact on the asset’s price ahead.
According to the latest Solana Breakpoint, a multi-day event for devs and enthusiasts, the Bonk Inu (BONK) community is launching an ETP in the U.S. “This marks the first-ever step towards a BONK ETF,” the announcement added.
The Solana meme coin‘s team is working with Osprey Funds, a New York-based company that helped streamline one of the first Bitcoin ETFs and Solana Trust, to roll out the ETP in the U.S. Notably, the meme token’s community also revealed that it is looking forward to launching the ETP by the end of this year.
Meanwhile, the announcement added that the ticker remains the same, BONK. Overall, the plans for an upcoming ETP launch have sparked a tidal wave of optimism for the token globally.
CoinGape