BONK Announces Plans to Launch Memecoin’s First ETP in Collaboration with New York’s Osprey Fund

Memecoin BONK will launch its first ETP (exchange traded product) on September 21, 2024 at Solana's largest conference, Breakpoint 2024.
This announcement is seen as an important step towards the future launch of ETFs (exchange-traded index funds), and BONK
ETP is expected to hit the US market later this year. The BONK community is excited about the project.
BONK is a meme coin that builds a social community ecosystem, and currently, various projects such as DEX, games, and NFTs are being implemented on BONK.
It has also integrated with over 130 applications across 11 blockchain networks, expanding its reach beyond the Solana ecosystem.
BONK, a New York-based digital asset investment company, said, "The launch of this ETP will be an important foundation for the launch of future ETFs."
The company said it is working with Osprey Fund to prepare for the launch of the ETP. Osprey Fund manages various cryptocurrency funds, including Bitcoin, Solana, and BNB funds.
The large investment firm will provide technical and legal support for the launch of the BONK ETP. The ETP is targeted at both institutional and retail investors, and
The DAO is leading the product development and launch process. This allows BONK to go beyond the existing limitations of meme coins and launch the first ETF for meme coins. ETPs are exchange-traded funds (ETFs) that trade on a specific index,
It is a product that tracks the price of a raw material, currency or other asset, allowing investors to track its performance without directly holding the asset, and can be traded in real time on an exchange like stocks.
The launch of BONK's ETP is expected to promote the expansion of the meme coin market and provide new opportunities for investors through the diversification of investment products.
Through the expansion into TF, we plan to develop systematic risk and expense management strategies and issue additional, diverse products that will provide more options to retail investors.
The ETP will maintain its existing symbol 'BONK' on the exchange, and the announcement has generated positive reactions within the BONK community.
Tee welcomes the launch of the ETP, hoping it will attract new investors and encourage the continued growth of the ecosystem.