BONK memecoin debuts as ETP on Switzerlans SIX exchange

The recent launch of the BONK memecoin as an exchange-traded product (ETP) on Switzerland’s SIX Swiss Exchange represents a notable shift for the token, which has faced a challenging market landscape in 2025. This move allows investors to trade BONK through traditional brokerage accounts, simplifying access to the Solana-based token.

BONK ETP launch marks a milestone for the Solana-based token

Bitcoin Capital AG, a firm based in Switzerland, has introduced a regulated ETP linked to BONK, which is a dog-themed memecoin that first entered the market on December 25, 2022. This listing signifies BONK’s entry into one of Europe’s largest stock markets, providing a new avenue for investors interested in the token.

Investors can access BONK without needing crypto wallets

The ETP structure allows investors to gain exposure to BONK without the complexities associated with cryptocurrency wallets or direct token custody. This accessibility could potentially attract a broader range of investors, particularly those who are hesitant to engage with digital wallets or the intricacies of cryptocurrency trading.

Memecoins face significant value decline this year

Despite the initial excitement surrounding BONK, the overall sentiment in the memecoin market has drastically shifted in 2025. Many memecoins that thrived in the previous year have seen their values plummet. For instance, BONK is currently down approximately 83% from its all-time high recorded in November 2024. Other popular tokens like PEPE and FLOKI have also experienced similar declines, with losses reaching around 83% and 85% respectively from their peaks.

Overall market value of memecoins continues to decline sharply

The total market capitalization of memecoins has reached a low of $39.4 billion, marking a significant drop as about $5 billion was wiped out in just one day. This trend indicates a broader decline in the popularity and trust in memecoins, which were once seen as a lucrative investment opportunity driven by community sentiment and internet culture.

As the BONK ETP begins trading, it remains to be seen how this will affect the token’s future performance in a rapidly changing market environment.