The Solana-based meme coin Bonk (BONK) has initiated trading as an Exchange Traded Product (ETP) on the SIX Swiss Exchange, marking a new step in the convergence of volatile digital assets and established financial infrastructure. This launch, facilitated by Swiss-based ETP issuer Bitcoin Capital, offers both institutional and retail clients a regulated avenue to gain exposure to the token through standard brokerage platforms. BONK is currently ranked as the seventh-largest meme coin by market capitalization.
The first-ever $BONK ETP is now trading on SIX Swiss Exchange.
Investors can now access exposure to the BONK ecosystem through a fully regulated, exchange-traded product, powered by Bitcoin Capital.
Another step in bridging TradFi to digital assets. pic.twitter.com/vXgtRPZMvZ
— Bitcoin Capital (@Bitcapital_ch) November 27, 2025
Maturing European Digital Asset Ecosystem
The debut of the BONK ETP reflects Europe’s continued leadership in creating regulated crypto investment vehicles, a trend that began with products tracking Bitcoin and Ethereum. Marcel Niederberger, CEO of Bitcoin Capital and FiCAS, emphasized that Switzerland’s robust regulatory environment and market practices made it the preferred jurisdiction for launching the product.
Regulated access, according to Niederberger, is crucial for fostering investor confidence and improving market liquidity, with the issuer noting that the majority of current inflows into its existing products originate from institutional desks. The firm anticipates a further expansion of regulated products tied to BONK next year, driven by the maturing infrastructure and a rising institutional appetite for thematic digital assets.
Competition and Market Context
The listing of the BONK ETP occurs amid a broader global trend of increased institutional product offerings for meme coins. While Dogecoin (DOGE), the largest asset in the sector, has seen a flurry of recent fund activity in the United States, the European market is beginning to diversify its offerings beyond the market leaders.
By integrating BONK into a regulated exchange, Bitcoin Capital is positioning the product to attract capital seeking exposure to high-velocity assets within the Layer-1 network. The token’s inherent volatility, driven largely by community dynamics and speculative interest, is now packaged for investors who prioritize trading through compliant, liquid financial instruments over direct custody.
Institutional Appetite for Thematic Exposure
The listing of a dedicated ETP for a highly speculative meme coin suggests a growing willingness to engage with the thematic and volatile fringes of the crypto market. Publicly traded companies pivoting to hold crypto treasuries, including meme coins, further indicate a widening scope for digital asset integration into conventional balance sheets.
This structural bridge provided by the ETP allows large-scale investors to access the risk and return characteristics of BONK without navigating the operational complexities of decentralized asset ownership. The development underscores a market segment that views certain community-driven tokens as high-growth, albeit high-risk, directional bets on their underlying blockchain ecosystems, in this case, Solana.
