Bonk (BONK), the Solana community's meme cryptocurrency, might be made obtainable to European traders by an exchange-traded product (ETP) listed on the Swiss Trade (SIX). This new monetary product permits merchants to acquire regulated direct publicity to this particular asset.
The proposal was submitted by Liechtenstein-based asset administration firm Bitcoin Capital. The ETP will function underneath the ticker BONK and is scheduled to start buying and selling on November twenty seventh..
Based on the corporate's clarification, Every Bonk ETP share is absolutely backed by BONK digital belongingsThis ensures a direct and clear hyperlink to the market worth of the token.
ETPs are a sort of spinoff which are traded on inventory exchanges, much like shares. These devices are generally utilized by traders searching for oblique publicity to digital asset markets by regulated conventional devices, as described by Criptopedia, the tutorial part of CriptoNoticias.
Meme coin costs haven’t benefited for the reason that ETP market entry was introduced. Worth has fallen 5% within the final 24 hourswhich rose from $0.00001051 to $0.0000095, dragged down by the general decline in cryptocurrencies.
(Tag Translation) Altcoin
