Bonk (BONK), the Solana community’s meme cryptocurrency, can be made out there to European traders by means of an exchange-traded product (ETP) listed on the Swiss Trade (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 below the ticker BONK and is scheduled to start buying and selling on November twenty seventh..
In keeping with the corporate’s rationalization, Every Bonk ETP share is absolutely backed by BONK digital propertyThis ensures a direct and clear hyperlink with the market worth of the token.
ETPs are a kind of by-product which might be traded on inventory exchanges, much like shares. These devices are generally utilized by traders searching for oblique publicity to digital asset markets by means 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. Value has fallen 5% within the final 24 hourswhich rose from $0.00001051 to $0.0000095, dragged down by the general decline in cryptocurrencies.
