Solana’s popular memecoin Bonk has achieved a major milestone by entering European traditional finance through a newly launched exchange-traded product on Switzerland’s SIX Swiss Exchange. The product, issued by Bitcoin Capital AG, enables investors to trade BONK like a normal stock, removing the need to manage wallets, private keys or digital-asset custody.
SIX, the country’s biggest exchange and Europe’s third-largest, provides a heavily regulated environment, making the launch notable for a community-driven token introduced in late 2022.
Bitcoin Capital confirmed that the ETP is entirely backed by BONK tokens held in reserve, giving traditional market participants transparent exposure. A Bonk core contributor called the development a major step toward expanding BONK’s presence in Europe’s financial markets.
The memecoin gained traction during 2024’s market-wide surge but remains highly volatile. Although it still enjoys strong community activity, BONK is currently down around 78% from its November 2024 all-time high.
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