Bonk Inu ETP Targets Institutional Capital Amid Memecoin Volatility

In a bold move, the Solana-based memecoin Bonk Inu (BONK) has launched its first Exchange-Traded Product (ETP) in the US, despite the market's inherent volatility. Partnering with Osprey Funds, the BONK Trust is set to attract institutional and accredited investors with a minimum investment threshold of $10,000.

With the rise in crypto ETPs gaining popularity, BONK is hoping to carve a niche in this space, potentially paving the way for future exchange-traded funds (ETFs). While the ETP shows promise, the product is currently down from its peak price, reminding investors of the high risks associated with memecoins.

Disclaimer: Cryptocurrencies, especially memecoins, are highly volatile and can lead to significant financial loss. Always do thorough research and consult with a financial advisor before investing in any crypto assets.

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