Tuttle Capital is currently participating in Rexshare, which seeks to offer the Spot Bonk ETF.
Bonk Price struggles with technical headwinds amid the expected Altseason for 2025.
Bonk prices will need to exceed the July peak and further disable the interim corrections.
Tuttle Capital, an investment advisory firm with over $3.6 billion in managed assets, has applied for its second Spot Bonk (Bonk) ETF. According to a SEC filing, Tuttle Capital filed a Bonk Income Blast ETF with the Securities and Exchange Commission (SEC).
The fund manager filed with the SEC to provide the Spot Bonk ETF along with the Litecoin (LTC) Income Blast ETF and the SUI (SUI) Income Blast ETF. So Tuttle Capital is the second US fund manager to file to provide Spot Bonk ETFs earlier this year after Rex’s shares and Osprey Funds.
Why is Tuttle Capital interested in Bonk ETFs?
The growing demand for Bonk by institutional investors led by Tuttle Capital is heavily influenced by its market dynamics. Based on the Solana Network, Mid-Cap Memecoin had a market capitalization of over $1.87 billion, with a 24-hour trading volume of approximately $348 million.
Bonk Token is currently ranked second-largest memo coin after Pudgy Penguins (Pengu). With the expected Crypto Bull Market by the end of the fourth quarter, Bonk Price will rally exponentially against Bitcoin, Ethereum and Solana.
Why is the price of Bonk today?
Increased demand from institutional investors and ecosystem growth
At the time of writing, it has risen by about 4% over the past 24 hours and about 4% over the past 24 hours. Demand for Bonk continues to grow along with its ecosystem.
Memecoin’s Letsbonk.Fun platform for launch has seen the market reputation of useless coins called its top memes. According to Nansen data, Bonk’s supply in crypto exchanges has dropped by 22% over the past 30 days.
In the short term, the price of Bonk from the forest
From a technical analysis perspective, Bonk Price faces a major supply barrier around peak in mid-July 2025. However, consistent closures above $0.00004 trigger additional bull rally with minimal resistance.