Market News

Swiss Crypto ETP Provider Launches Bitcoin Bonk ETP on SIX Swiss Exchange

Swiss-based Bitcoin Capital has just launched a BONK ETP on the SIX Swiss Exchange, providing regulated access to the popular Solana-based meme coin.

This move opens a significant gateway for European investors, allowing them to engage with BONK through traditional brokerage channels.

Following the launch, the price of BONK experienced a notable 3.5% increase, indicating strong investor interest amid a broader market uptick.

The BONK ETP represents an essential development in the institutionalization of meme coins, creating a credible entry point for investors unfamiliar with crypto trading.

CEO Marcel Niederberger emphasized the choice of Switzerland's regulatory framework as a major factor in Bitcoin Capital's decision to launch this ETP.

The structured product is designed to enhance liquidity, with BONK tokens locked within the ETP to reduce circulating supply and increase investor confidence.

This launch aligns with a growing trend of meme coin products entering regulated markets, particularly in Europe where demand for thematic digital assets is rising.

Experts anticipate further regulated offerings related to BONK in the coming year, enriching the portfolio of digital assets available to investors.

As the market continues to evolve, the BONK ETP could pave the way for broader acceptance of meme coins in traditional investment frameworks.

With today's launch, Bitcoin Capital is positioning itself at the forefront of the ever-changing landscape of cryptocurrency investments.