TLDR
- Bonk has launched a new exchange traded product (ETP) on Switzerland’s SIX Swiss Exchange.
- The Bonk ETP was issued by Swiss-based crypto ETP provider Bitcoin Capital.
- This launch allows both institutional and retail investors to access BONK through traditional brokerage accounts.
- Bitcoin Capital is a subsidiary of FiCAS AG and previously launched the first actively managed Bitcoin ETP in 2020.
- CEO Marcel Niederberger said Switzerland was chosen for its strong regulatory environment and consistent supervisory practices.
Bonk has partnered with Bitcoin Capital to launch the Bonk ETP on Switzerland’s SIX Swiss Exchange. This move marks a new expansion into regulated European markets for the meme coin. Investors can now access BONK through standard brokerage platforms under established financial rules.
Bonk ETP Lists on SIX Swiss Exchange
The Bonk ETP began trading this week on Switzerland’s third-largest stock exchange, SIX Swiss Exchange. Swiss-based Bitcoin Capital, a crypto ETP issuer, launched the product for both retail and institutional access. It enables exposure to Bonk via regulated, traditional investment channels.
Bitcoin Capital is a subsidiary of asset manager FiCAS AG and launched the first actively managed Bitcoin ETP in 2020. The company selected Switzerland due to its structured crypto ETP framework. CEO Marcel Niederberger said the country provides “a highly developed regulatory environment with consistent supervisory practices.”
According to Niederberger, “Europe, and specifically the SIX Swiss Exchange offers a highly developed regulatory environment.” He added that the Bonk ETP aims to attract more traditional investors.
Bitcoin Capital Plans Wider BONK Product Rollout
Bitcoin Capital expects broader adoption of Bonk-related financial instruments in the coming year. Niederberger said he anticipates “continued expansion of regulated products referencing BONK.” This may include additional ETPs or structured notes across more platforms.
The Bonk ETP is accessible through existing brokerage accounts, easing investor access. Bitcoin Capital believes this structure increases market liquidity. Niederberger said institutional investors still drive most inflows into its existing ETPs.
Switzerland’s support for digital assets continues to attract crypto firms. The regulatory clarity there provides a base for issuing new digital asset instruments. Bonk ETP becomes one of the latest listings benefitting from this environment.
Bonk Price Climbs as ETP Launches
Bonk traded around $0.0599 following the announcement, rising 3.5% in 24 hours. It now ranks as the seventh-largest meme coin by market value. The listing could support further trading momentum for the token.
The Bonk ETP joins a growing set of meme coin products on traditional markets. In January, REX Shares filed for a BONK ETF in the United States. That product remains under review.
Interest in meme-based ETPs has risen following recent U.S. product launches. This trend includes offerings tied to Dogecoin (DOGE) and others. Investors now have multiple regulated paths to access these assets.
Meme Coin ETPs See Global Expansion
In September, the Rex-Osprey Dogecoin ETF debuted in the United States. It became the first American fund to hold DOGE. Grayscale followed with its GDOG product, which reached $1.4 million in trading volume on launch day.
Last week, 21Shares listed a 2x leveraged DOGE ETF on Nasdaq. Bitwise also received approval to list its Dogecoin ETF, BWOW, on NYSE Arca. These offerings reflect increasing demand for regulated meme coin exposure.
The Bonk ETP on SIX Swiss Exchange now brings that expansion into European territory. Bitcoin Capital aims to capitalize on this demand. The Bonk ETP could signal more meme coins entering regulated exchanges soon.
BONK ETP Reinforces Swiss Crypto Position
Switzerland continues to lead in European crypto financial products. The Bonk ETP highlights the country’s supportive infrastructure. This allows faster launch and distribution to investors.
The product reaches investors through familiar brokerage tools. It strengthens BONK’s presence in regulated financial markets. This collaboration opens new exposure channels for both Bonk and Bitcoin Capital.
BONK ETP has now entered the European market. It reflects a coordinated effort between token teams and regulated issuers. Investors can monitor BONK ETP activity through their standard trading platforms.
