Bitcoin Capital Launches Bonk ETP on SIX Swiss Exchange
The Bonk (BONK) community has teamed up with Bitcoin Capital. They launched the first exchange-traded product (ETP) for Bonk on the SIX Swiss Exchange. This news was announced in a statement on Thursday.
Bonk is a memecoin created on Solana. Bitcoin Capital, a Swiss investment firm, made this ETP available on SIX, Switzerland’s largest and Europe’s third-largest stock exchange. The ETP lets investors buy Bonk like a regular stock. They do not need crypto wallets or special tools.
Details About the Bonk ETP
- The Bonk ETP is fully backed by actual BONK tokens held in reserve.
- It offers an easy way for retail and institutional investors to access BONK.
- Bonk’s expansion into European finance markets is significant, says Nom, a core contributor at Bonk.
Bitcoin Capital CEO Marcel Niederberger said, “With the Bonk ETP now listed on SIX Swiss Exchange, investing in Bonk has never been easier. Investors don’t need crypto expertise; they can trade Bonk just like any other stock.”
Market and Price Update
The launch follows growing interest in altcoin financial products. In the USA, ETFs for altcoins like XRP, Dogecoin, and Solana are already active. REX-Osprey also filed in May to launch a spot BONK ETF in the US, but it is not live yet.
At the time of publication on Thursday, BONK rose 1% in 24 hours. It faces resistance at the 20-day Exponential Moving Average (EMA) after reclaiming support at $0.0000097. A rise above the 20-day and 50-day EMAs could push BONK to test the next resistance at $0.0000158, just below the 100-day EMA.
