Bonk (BONK), the meme cryptocurrency of the Solana community, will probably be accessible to buyers in Europe by means of an exchange-traded product (ETP) that will probably be listed on the Swiss Inventory Trade (SIX). This new monetary instrument will permit merchants to acquire regulated and direct publicity to this specific asset.
The proposal was submitted by Bitcoin Capital, a Liechtenstein-based asset supervisor. The ETP, which is able to function below the ticker BONK, plans to start buying and selling on November 27.
In keeping with what was defined by the corporate, every Bonk ETP share will probably be absolutely backed by the BONK digital assetwhich ensures a direct and clear hyperlink to the market worth of the token.
An ETP is a kind of by-product that trades on inventory exchanges, just like a inventory. These devices are generally utilized by buyers in search of oblique publicity to digital asset markets by means of regulated and conventional autos, as defined by Criptopedia, the academic part of CriptoNoticias.
The worth of memecoin has not benefited after the arrival of the ETP to the market was introduced. Its worth has fallen by 5% within the final 24 hoursgoing from 0.00001051 to 0.0000095 {dollars}, as it’s dragged together with the overall fall of cryptocurrencies.
