Bonk (BONK) has debuted an exchange traded product (ETP) on Switzerland's SIX Swiss Exchange, issued by Swiss-based crypto ETP provider Bitcoin Capital. This launch enables both institutional and retail investors to gain exposure to the Solana-based meme coin through traditional brokerage accounts, leveraging established financial rules and regulatory frameworks.
Bitcoin Capital, a subsidiary of asset manager FiCAS AG, previously launched the first actively managed Bitcoin ETP in 2020. CEO Marcel Niederberger emphasized that Switzerland was chosen due to its highly developed regulatory environment with consistent supervisory practices, which supports investor confidence and liquidity. The product began trading this week on the third-largest Swiss stock exchange, and Niederberger anticipates continued expansion of regulated products referencing BONK in 2025, potentially including additional ETPs or structured notes.
Following the announcement, BONK's price increased by 3.5% to around $0.0599, solidifying its rank as the seventh-largest meme coin by market capitalization. This move aligns with a broader trend of meme coin ETPs entering regulated markets, such as recent Dogecoin (DOGE) ETFs in the U.S., including products from REX Shares, Grayscale, and 21Shares.
