Jim Cramer asks SEC chairman if there will be a BONK ETF

US Securities and Exchange Commission (SEC) Chairman Gary Gensler sat down with CNBC’s Mad Money host Jim Cramer on Wednesday to discuss the regulator’s Bitcoin and Ethereum ETF approvals, along with what might come next.

This included questions about whether obscure meme coins could soon receive their own ETFs, such as SushiSwap (SUSHI) and Bonk (BONK).

Cramer named a number of coins to Gensler that had traded “millions of dollars” by Wednesday morning, including Cardano, Cosmos, Immutable, Ronin and MyNeighborAlice, among others.

“Now in two weeks, should we have a SushiSwap ETF?” Cramer asked. “I would think Bonk is natural, and osmosis. It’s millions of dollars that these things are trading, shouldn’t we have some kind of product?

Gensler did not provide specific answers to these questions, but noted that many of the crypto tokens have generally “not given you the disclosures you need to make investment decisions,” implying that these tokens are unregistered securities. He also called out crypto exchanges, which are “doing things that we would never allow our New York Stock Exchange to do.” “You’ve seen the bankruptcies in this space,” Gensler said. “The most prominent people in this field are in prison, about to go to prison or awaiting extradition.” Gensler also commented on Ethereum spot ETF approvals late last month, which he said will still “take some time” before their registration statements are approved and they can be listed on public exchanges. When previously asked about the matter, BlackRock’s head of digital assets said the fund had little interest in launching altcoin ETFs, with Bitcoin being the “overwhelming top priority” among its client base. SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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