Swiss crypto exchange-traded product provider Bitcoin Capital has launched a regulated ETP for the Solana-based meme coin BONK on Switzerland’s SIX Swiss Exchange, the company announced.
Summary
- Bitcoin Capital has launched the first regulated exchange-traded product (ETP) for the Solana-based meme coin BONK.
- The product operates under Switzerland’s robust regulatory oversight.
- Bitcoin Capital plans to expand its BONK offerings, with the ETP structure designed to lock tokens and reduce circulating supply.
The product marks the first regulated ETP for BONK in Europe, providing institutional and retail investors access to the meme coin through a traditional financial market structure.
The BONK ETP enables investors to gain exposure to the cryptocurrency without directly using crypto exchanges, according to the company. The product operates under Swiss regulatory oversight and is listed on one of Europe’s largest exchanges.
Marcel Niederberger, CEO of Bitcoin Capital and FiCAS AG, cited Switzerland’s regulatory framework and the SIX Exchange’s infrastructure as factors in the venue selection. Niederberger stated that the combination of regulatory supervision and developed market structures positioned Switzerland as a suitable location for launching digital asset ETPs.
The launch follows the emergence of regulated meme coin products in other markets, including Dogecoin ETFs and leveraged products on U.S. exchanges.
What’s next
Bitcoin Capital stated it anticipates expanding regulated products referencing BONK in the coming year, including additional ETPs and structured notes.
Under the ETP structure, Bitcoin Capital will lock the underlying BONK tokens, reducing the circulating supply. The company reported that institutional investors historically account for the majority of inflows in its products.
The launch comes amid increased activity in digital asset products across Europe and the United States. Recent months have seen multiple memecoin ETFs and structured products launched, including offerings tied to Dogecoin, according to market data.
Following the ETP launch, BONK briefly outperformed the broader cryptocurrency market, with technical indicators showing price movement above key moving averages and the Relative Strength Index exiting oversold territory, according to market analysis.
