Switzerland’s SIX Swiss Exchange now offers a trading platform for Solana-based meme coin Bonk (BONK) through an exchange traded product, expanding Europe’s regulated crypto market. The BONK ETP, issued by Bitcoin Capital, allows investors to gain exposure to the token via traditional brokerage accounts. The product targets institutional and retail investors, fostering liquidity and boosting investor confidence.

Bitcoin Capital, a subsidiary of FiCAS AG, launched the world’s first actively managed Bitcoin ETP in 2020. The regulatory framework in Switzerland, particularly on the SIX Swiss Exchange, made it the preferred venue for the BONK ETP. The CEO of Bitcoin Capital & FiCAS anticipates further expansion of regulated products referencing BONK next year, driven by European infrastructure and investor demand.

BONK, trading near $0.0599, sits as the seventh-largest meme coin by market value according to CoinGecko data. This listing follows a trend of meme coins entering regulated markets, dominated by Dogecoin (DOGE) in the United States. With the introduction of meme coin ETFs like Rex-Osprey Dogecoin and Grayscale’s GDOG, the market for meme coins is rapidly expanding.

Other companies are also jumping on the meme coin ETF bandwagon, with REX Shares filing for a BONK ETF and 21Shares unveiling a 2x leveraged Dogecoin ETF. Bitwise’s Dogecoin ETF, BWOW, received approval from NYSE Arca for listing and registration. The surge in regulated meme coin products reflects the growing interest in digital assets and thematic investments in the market.

Read more at Yahoo Finance: Bonk Teams Up With Bitcoin Capital to Launch ETP in Europe