BONK Meme Coin Lands on Swiss TradFi Markets: Will ETP Boost BONK Price Prediction?

Group 1 - Bonk, a Solana-based memecoin, is now trading on Switzerland's SIX Swiss Exchange through a regulated exchange-traded product launched by Bitcoin Capital AG, allowing investors to buy exposure to Bonk via standard brokerage accounts without needing to hold the token directly [1][3] - The token, which launched on Christmas Day in 2022, is designed as a community-driven project and is currently trading approximately 83% below its all-time high from November 2024, despite a recent increase of about 2.8% [2][4] - The listing of Bonk on a regulated exchange represents a significant step towards mainstream acceptance of memecoins, positioning it alongside traditional assets like stocks and bonds [3][4] Group 2 - Bitcoin Capital AG, based in Switzerland, specializes in issuing exchange-traded products backed by cryptocurrencies, aiming to provide regulated access to digital assets for investors [4] - The entry of Bonk into European markets follows the recent launch of a Dogecoin exchange-traded fund by Grayscale in the United States, which saw trading of approximately $1.4 million on its first day, falling short of expectations [4] - Technical analysis indicates that Bonk is currently within a multi-month falling wedge pattern, suggesting potential for a price shift if it breaks above the upper trend line, although it has been under selling pressure [5][6]