The REX Osprey lineup that includes the Bonk ETF became effective at the Securities and Exchange Commission on September 12, 2025 through a 485BXT post effective filing.
This action finalized the prospectus and cleared the fund documents for that trust series. However, trading has not started because an exchange has not posted a new listing notice.
Cboe’s public listings page shows no Bonk entry for today. Therefore, there is no ticker on tape and no first trade recorded. Until an exchange publishes the notice, the product remains unavailable in secondary markets.
The issuer has not released an exchange announcement with time and venue details. As a result, market infrastructure steps remain pending, and operational readiness has not been confirmed in public feeds.
SEC filings confirm the Bonk series
EDGAR’s index lists the REX Osprey Bonk ETF as a series of ETF Opportunities Trust alongside other single asset funds under the same umbrella. The record shows the series name and associates it with the most recent amendment. This establishes the product’s place inside the trust.
The trust filed several amendments this year that preserved the Bonk series through each update. Those entries document the registration path without gaps. They also align the Bonk series with the trust’s existing compliance documentation.
Earlier correspondence posted in June outlines the initial seven fund set first submitted in January. The letters describe series organization and renaming steps taken during staff review. Consequently, the paper trail shows a continuous registration process for Bonk.
Launch timing remains uncertain
Several outlets suggested a Friday debut after the seventy five day window elapsed. They based that expectation on the effective prospectus and prior commentary about the lineup. Even so, a live prospectus does not determine the first trading day.
Other reports pointed to operational slippage around the related Dogecoin product and shifted expectations into next week. Those updates cited mechanics that must be finalized before trading. Therefore, the practical timeline is fluid.
The decisive signal will be a posted exchange notice followed by a first trade print. Until those appear, the start date cannot be verified. Market participants will rely on the exchange feed for confirmation.
Fund structure under the Investment Company Act of 1940
The prospectus states that the Bonk ETF will obtain exposure through a wholly owned Cayman subsidiary. The registered fund would hold cash and short term instruments while the subsidiary seeks reference asset performance. This structure places portfolio exposure outside the United States while keeping the parent fund within the registered framework.
The same document describes comparable subsidiaries for other series in the trust. That pattern indicates a unified approach to digital asset exposure. It also aligns disclosure, risk, and custody language across the lineup.
Because this is a registered fund, the listing process follows exchange traded fund procedures rather than the commodity trust route. As a result, an exchange approval and publication of a listing notice are the remaining public milestones before trading can begin.
BONK breaks falling wedge on Sep 12, 2025; projection implies ~136% more upside to ~$0.000059
BONK/USDT (Binance) printed a clean breakout on Sep 12, 2025 at 09:18 UTC, trading around $0.00002511 and clearing the wedge’s upper trendline with rising participation on the daily chart. A falling wedge is a downward-sloping, converging formation that often ends with a bullish reversal once price closes above the upper boundary. From the breakout level, BONK has already advanced about 30%, and the measured projection from the current price implies roughly 136% additional room, pointing toward ~$0.000059—which broadly aligns with the horizontal resistance marked near $0.00005821 on the chart.
Moreover, market structure now supports the move. Price holds above the 50-day EMA at ~$0.00002314, turning that average into near-term dynamic support and confirming momentum shifted back to the buyers after a two-month drift lower inside the wedge. Volume expanded into and after the breach, which validates the breakout quality and reduces the likelihood that this was a minor stop-run. The prior downslope also left a series of lower highs that the breakout has invalidated, opening room toward the late-spring supply shelf where sellers last concentrated.
However, confirmation still depends on behavior during any throwback. If BONK retests the broken trendline or the $0.000023–$0.000024 zone and holds above it on a daily close, the path to the ~$0.000058–$0.000059 target strengthens and keeps the sequence of higher highs and higher lows intact. Conversely, a daily close back inside the wedge or below the 50-day EMA would weaken the setup and delay the measured move, as it would signal that sellers reclaimed control of the breakout area. For now, the technical read remains constructive: BONK broke out of a falling wedge, gained roughly 30% off the trigger, and, by the pattern’s projection, targets ~136% more upside toward ~$0.000059 while the chart holds above the reclaimed levels.
BONK RSI turns bullish on Sep 12, 2025
On Sep 12, 2025 at 09:28 UTC, the BONK fourteen period RSI prints 59.52, while its signal sits at 46.65. The oscillator reclaimed the 50 midline this week and crossed above its signal, which marks a clear momentum shift. The slope of both lines now points higher, confirming acceleration after the wedge breakout seen on price.
Moreover, the indicator has climbed from the low forties to near sixty within days, which shows strengthening demand without reaching overbought conditions. Historical swings on this chart peaked above 80 in July, and the classic overbought band begins near 70. Therefore, current readings indicate positive momentum with headroom before the risk of exhaustion.
Looking ahead, the momentum picture stays constructive while RSI holds above 50 and its rising signal. A daily drop back into the mid forties would flag cooling power and would likely align with a price throwback toward the 50 day EMA. A sustained push through 70 would confirm strong trend force rather than a short squeeze.