Bonk, the Solana-based meme coin, has been given regulated exposure in Europe after Bitcoin Capital listed an exchange traded product on the SIX Swiss Exchange. The move opens BONK to traditional broker channels, leans on Switzerland’s established rules for crypto products, and fits a wider push to bring meme coins into regulated markets. Executives at Bitcoin Capital see the ETP as a bridge for institutional and retail demand, and they expect more regulated products tied to BONK to follow. This listing also sits alongside a wave of meme coin funds and ETF filings from larger managers.
The new BONK ETP was put on the market by Swiss issuer Bitcoin Capital, operating under the asset-management boutique FiCAS AG. That firm already launched the first actively managed Bitcoin ETP in 2020, so this is not a first rodeo for them. By choosing the SIX Swiss Exchange, the issuer tapped a market known for clear rules and deep infrastructure for admitting crypto-linked products.
Marcel Niederberger, Chief Executive Officer at Bitcoin Capital and FiCAS, framed Switzerland as the logical base for the listing. He argued that the country’s framework and market infrastructure make it a preferred venue and emphasized oversight consistency. “Europe, and specifically the SIX Swiss Exchange offers a highly developed regulatory environment with consistent supervisory practices,” he said.
Bitcoin Capital expects the BONK ETP to reach both retail and institutional pools via standard broker platforms, and the issuer suggests regulated access tends to bring confidence and liquidity. “The product will reach both institutional and retail investors through established broker platforms,” Niederberger said, noting that most inflows to their existing products still come from institutional desks. That institutional weighting is one reason issuers keep pitching regulated wrappers for assets that began life purely on-chain.
The issuer also signaled plans for more offerings tied to BONK as infrastructure and demand evolve across Europe. He anticipates “continued expansion of regulated products referencing BONK” next year, as maturing European infrastructure and rising appetite for thematic digital assets open the door to “additional ETPs and structured notes.” That language indicates the company is preparing both straightforward ETPs and more complex structured vehicles if appetite holds.
Market data shows BONK trading in the small cents range, and it has climbed into the top ranks among meme coins by market capitalization. At the time of the listing BONK sat near $0.0599 and was up about 3.5% for the day, ranking as the seventh-largest meme coin by market value according to public aggregators. That position makes it a reasonable candidate for thematic products aimed at retail traders and meme coin enthusiasts who prefer regulated exposure.
The BONK ETP follows a larger trend of meme coin products entering regulated markets, particularly in the United States where several approvals and filings have crossed the tape. In the US market, funds linked to Dogecoin have already launched and drawn early volume, while asset managers have moved quickly to add spot and themed offerings for retail investors. That activity has nudged other issuers to file for meme coin ETFs and related products, expanding options beyond the original Bitcoin and Ethereum-focused ETPs.
Several firms have filed or launched meme coin products and leveraged versions, signaling product diversity is increasing. REX Shares filed for a BONK ETF earlier in the year, and other managers have rolled out Dogecoin-focused funds, including leveraged options and spot products that received exchange approval. These moves create a landscape where meme coins can live both on-chain and inside regulated wrappers, with each venue attracting different kinds of buyers and trading flows.
