Osprey Funds is assisting the Solana meme coin team in launching the ETP in the US.
The team has also announced plans to launch the ETP before the year ends.
Bonk Inu (BONK), a dog-themed meme coin and built on the Solana network, has now achieved a significant milestone in the world of cryptocurrency. The meme coin made history by announcing the debut of a BONK ETP in the United States, making it the first meme coin to do so. Market watchers in the cryptocurrency space are wondering whether the ETP launch would have a beneficial effect on the price of the asset in the future.
The Bonk Inu (BONK) community is reportedly creating an ETP in the US, as reported at the most recent Solana Breakpoint, a multi-day event for developers and fans. The announcement went on to say that this is the very first move towards a BONK ETF.
Long-term Prospects Looking Bright
Osprey Funds, a firm located in New York, is assisting the Solana meme coin team in launching the ETP in the United States. The firm also assisted in the streamlining of one of the first Bitcoin ETFs and Solana Trust.
The meme token community has also announced its plans to launch the ETP before the year ends. On the other hand, BONK is still the ticker, as stated in the statement. A tidal wave of confidence for the token has been triggered globally by preparations for a forthcoming ETP launch.
Moreover, with the BONK ETP launch just around the corner, the meme coin’s long-term prospects are looking bright. To put it in perspective, the ETP launch is anticipated to pique the curiosity of more investors. Thus, leading to a fresh surge of capital into the token’s ecosystem.
The asset’s long-term prospects have been further bolstered by the current price trend and the ETP launch. Many are keeping an eye on the currency in anticipation of any price changes.
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