BONK memecoin debuts as ETP on Switzerland’s SIX exchange

Solana-based memecoin Bonk is present trading connected Switzerland’s SIX Swiss Exchange aft Bitcoin Capital listed a regulated exchange-traded merchandise (ETP) tied to the token. 

The listing brings the memecoin into 1 of Europe’s largest banal markets, allowing investors to summation vulnerability to Bonk (BONK) done modular brokerage accounts, removing the request for wallets oregon nonstop token custody. 

BONK is simply a dog-themed memecoin connected Solana that launched connected Christmas Day 2022 done a assemblage airdrop. It brands itself arsenic “the archetypal Solana canine coin for the people, by the people.”

On Thursday morning, the token was up astir 5.8%. However, it’s inactive down astir 83% from its all-time precocious successful November 2024.

Source: CoinGecko

Bitcoin Capital AG is simply a Switzerland-based issuer of crypto exchange-traded products.

The BONK ETP motorboat successful Europe follows Grayscale’s debut of a Dogecoin ETF successful the US connected Monday. The money saw lone astir $1.4 cardinal successful first-day trading volume, good beneath $12 cardinal expectations, according to Bloomberg ETF expert Eric Balchunas.

Related: Pump.fun’s monolithic $436M ‘cash-out’ turns heads arsenic memecoin mania fades

The demise of memecoins successful 2025

Memecoins, cryptocurrencies whose worth is driven chiefly by net civilization and assemblage sentiment alternatively than method fundamentals, drove overmuch of the crypto communicative successful 2024, with galore of those tokens making huge profits for savvy traders.

However, the memecoin communicative has faded sharply successful 2025, and galore of the tokens that thrived a twelvemonth agone are present importantly down successful value. 

According to CoinGecko data, PEPE (PEPE), a frog-themed token connected Ethereum, is down astir 83% from its December 2024 peak. FLOKI (FLOKI), a dog-themed token built connected Ethereum and BNB Chain, has seen a akin slide, falling much than 85% from its June 2024 high. 

Source: CoinGecko

Dogwifhat (WIF), a Solana-based token, has been deed adjacent harder, dropping implicit 92% since its March 2024 all-time high.

Politically themed memecoins person fared worse. Official Trump (TRUMP), a token that uses US President Donald Trump’s sanction without immoderate confirmed affiliation, is down astir 99.6% from its motorboat peak.

Source: CoinGecko

On Friday, the marketplace worth of memecoins fell to $39.4 billion, the lowest level recorded successful 2025, with astir $5 cardinal erased successful a azygous day, according to CoinMarketCap.

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