Bonk (BONK), the meme cryptocurrency of the Solana community, will likely be obtainable to traders in Europe via an exchange-traded product (ETP) that will likely be listed on the Swiss Inventory Change (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 can function below the ticker BONK, plans to start buying and selling on November 27.
In line with what was defined by the corporate, every Bonk ETP share will likely be totally 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 traders searching for oblique publicity to digital asset markets via regulated and conventional automobiles, as defined by Criptopedia, the academic part of CriptoNoticias.
The value of memecoin has not benefited after the arrival of the ETP to the market was introduced. Its worth has dropped 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.
