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Solana-Based Bonk Inu Announces U.S. ETP Launch, Paving Way for First Memecoin ETF

Sep 21, 2024, 05:26 AM

Solana-based memecoin Bonk Inu (BONK) has announced the launch of a U.S. exchange-traded product (ETP), marking the first step towards the creation of a BONK ETF. The announcement was made during the Solana Breakpoint 2024 event. The ETP will be available to accredited investors and traditional finance, paving the way for broader involvement in the memecoin market. Bonk Inu is teaming up with Osprey Funds for this initiative. This development signifies a significant milestone for Bonk Inu and the memecoin sector, as it aims to become the first memecoin to offer such a financial product in the U.S. market.