CMC News

$BONK Memecoin Debuts as #ETP on Swiss Exchange

Bitcoin Capital has launched a regulated investment vehicle tracking #Solana meme coin $BONK on Switzerland's SIX exchange. Traditional brokerage customers can now trade exposure to the dog-themed token without managing crypto wallets or private keys.

The debut follows Grayscale's disappointing Dogecoin fund launch in U.S. markets earlier this week. First-day trading reached just $1.4 million against analyst forecasts of $12 million, according to Bloomberg's Eric Balchunas.

$BONK gained roughly 5.8% Thursday morning but remains 83% below last November's peak price. Marcel Niederberger from Bitcoin Capital cited Switzerland's regulatory framework and market infrastructure as factors favoring the SIX listing venue.

European markets and Swiss exchanges specifically provide consistent oversight procedures for crypto products. Both institutional traders and retail accounts will access the offering through existing broker relationships.

Regulated products typically generate stronger investor confidence and trading liquidity. Most capital flowing into

Bitcoin Capital's current product lineup originates from institutional sources rather than individual retail accounts.

Niederberger anticipates additional $BONK-linked products throughout 2026 as European infrastructure matures. Growing demand for thematic digital assets should support exchange-traded notes and structured instruments beyond basic tracking vehicles.