BONK, SUI, and Litecoin Surge as Tuttle Capital Unveils ‘Blast Income’ ETF Proposal

Jakarta, Pintu News – The filing of new ETFs by Tuttle Capital for Bonk (BONK), Sui (SUI), and Litecoin (LTC) has triggered significant price increases in the three cryptocurrencies.

The announcement was responded positively by the market, signaling investor optimism towards this innovative financial product.

New ETFs from Tuttle Capital

Tuttle Capital recently filed applications for three new ETFs, namely the Bonk Income Blast ETF, Sui Income Blast ETF and Litecoin Income Blast ETF. These filings were made under the Investment Company Act of 1940 on September 16.

Read also: 3 Popular Cryptos Set to Dominate Conversations in 2025 — Here’s Why

The main objective of this ETF is to generate current income by using a put credit spread strategy through Flexible Exchange Options (FLEX Options). ETF analysts from Bloomberg, Eric Balchunas and James Seyffart, have discussed this new strategy and highlighted the potential volatility of the Solana-based Bonk meme coin (SOL).

This ETF is designed to not only follow the daily price of the underlying token but also to generate income. This approach differs from standard spot crypto ETFs that focus more on tracking the direct price of the digital asset.

By using FLEX Options, the ETF aims to offer more transparent price discovery and reduce counterparty risk that often occurs with over-the-counter (OTC) options.

Market Reaction to ETF Filings

The announcement of the ETF filing by Tuttle Capital has sparked increased trading activity for Bonk, Sui, and Litecoin. On September 17, Bonk’s price jumped 4%, with the current trading price being $0.0000242. Meanwhile, Sui was briefly trading up over 3% at $3.61, and Litecoin was up 3% with a current trading price of $115.2.

This increase shows the market’s positive response to innovations in crypto-based ETF products. Price volatility remains a major concern, especially with expectations of interest rate cuts by the Federal Reserve also influencing market dynamics.

However, investor confidence seems to remain strong, as evidenced by the price spike that occurred immediately after the announcement of the ETF filing. This suggests that despite regulatory concerns, interest in innovative crypto-based financial products is still high.

Read also: ‘To The Moon’ — New Korean Drama Set to Spotlight Crypto Fever

Long-term Impact on Crypto Market

This ETF proposal by Tuttle Capital may send a positive signal to the crypto market as a whole. With endorsements from public figures like US President Donald Trump who has expressed his support for the crypto industry, this could be the first step towards wider adoption of crypto ETFs.

While the SEC continues to delay their decision on ETFs that track the spot price of altcoins like Sui and Litecoin, this filing may pave the way for more such products in the future. The ability of these ETFs to generate income through innovative strategies may also appeal to investors looking for diversification in their portfolios.

By combining exposure to digital assets with income generation, this ETF offers a unique approach that may appeal to more conservative investors or those seeking passive income.

Overall, the ETF filing by Tuttle Capital marks an important step in the evolution of crypto-based financial products. By combining an income generation strategy with controlled exposure to cryptocurrencies, this ETF offers an attractive alternative for investors.

Over time, products like these may help increase the acceptance and integration of crypto in the mainstream financial system.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Ambcrypto. Bonk, Litecoin, SUI see colorful crypto income ETF filings; impact on price. Accessed on September 18, 2025
• Coingape. Bonk, SUI, and Litecoin Jump as Tuttle Capital Files for BLAST Income ETFs. Accessed on September 18, 2025