Bonk (BONK), the Solana community’s meme cryptocurrency, might be made accessible to European traders by way of an exchange-traded product (ETP) listed on the Swiss Alternate (SIX). This new monetary product permits merchants to acquire regulated direct publicity to this particular asset.
The proposal was submitted by Liechtenstein-based asset administration firm Bitcoin Capital. The ETP will function underneath the ticker BONK and is scheduled to start buying and selling on November twenty seventh..
In accordance with the corporate’s clarification, Every Bonk ETP share is absolutely backed by BONK digital propertyThis ensures a direct and clear hyperlink with the market value of the token.
ETPs are a kind of by-product which are traded on inventory exchanges, much like shares. These devices are generally utilized by traders searching for oblique publicity to digital asset markets by way of regulated conventional devices, as described by Criptopedia, the academic part of CriptoNoticias.
Meme coin costs haven’t benefited because the ETP market entry was introduced. Worth has fallen 5% within the final 24 hourswhich rose from $0.00001051 to $0.0000095, dragged down by the general decline in cryptocurrencies.
