BONK Memecoin Launches as ETP on Switzerland’s SIX Exchange

The BONK memecoin, built on the Solana blockchain, has made its entry onto Switzerland’s SIX Swiss Exchange through a regulated exchange-traded product (ETP) created by Bitcoin Capital. This development allows investors to buy BONK via traditional brokerage platforms, eliminating the need for cryptocurrency wallets. While the token saw a modest increase of 5.8% recently, it remains significantly lower than its peak value seen in late 2024.

Key Takeaways

Listing on SIX Exchange: The Bonk memecoin is now listed as an ETP in one of Europe's largest stock markets, making it more accessible to traditional investors.
Background of BONK: Launched in December 2022, BONK is a dog-themed memecoin that promotes itself as "the first Solana dog coin for the people, by the people."
Market Performance: The token is currently up 5.8% but has seen a drastic decline of 83% since its all-time high.
Memecoins’ Downfall: Many memecoins, including PEPE and FLOKI, have experienced significant losses in 2025, reflecting a broader decline in their market performance.

BONK memecoin debuts as ETP on Switzerland’s SIX exchange

BONK Memecoin’s Market Debut

Solana-based memecoin Bonk has officially begun trading on Switzerland’s SIX Swiss Exchange. This step follows the creation of a regulated exchange-traded product (ETP) linked to the token by Bitcoin Capital. With this listing, Bonk enters one of Europe's major stock markets, allowing investors to engage with the token through standard brokerage accounts. This setup removes the complexities associated with cryptocurrency wallets and direct token custody.

BONK is known as a dog-themed memecoin launched on Christmas Day in 2022, introduced via a community-driven airdrop. It proudly carries the tagline of being “the first Solana dog coin for the people, by the people.” As of Thursday morning, the token experienced a rise of around 5.8%. Nonetheless, it is still approximately 83% lower than its peak value observed in November 2024.

Source: CoinGecko

Bitcoin Capital AG, which is based in Switzerland, is the issuer responsible for this crypto ETP.

The launch of the BONK ETP in Europe comes in the wake of Grayscale’s introduction of a Dogecoin ETF in the United States, which saw first-day trading volume reach only about $1.4 million, falling short of the anticipated $12 million, according to Bloomberg ETF analyst Eric Balchunas.

The Decline of Memecoins in 2025

Memecoins—cryptocurrencies whose worth largely depends on internet culture and community sentiments—captured much of the attention in the crypto world during 2024, yielding substantial profits for savvy traders. However, the trend for memecoins has sharply declined in 2025, with many previously successful tokens experiencing significant losses.

Data from CoinGecko indicates that PEPE, a frog-themed token on Ethereum, has lost about 83% of its value since peaking in December 2024. Similarly, FLOKI, another dog-themed token built on Ethereum and BNB Chain, has plummeted over 85% from its June 2024 high.

Source: CoinGecko

Another token, Dogwifhat, which is also based on Solana, has witnessed an even steeper drop, with its value diminishing over 92% since its all-time high in March 2024. Furthermore, politically themed memecoins have faced even worse fates, with Official Trump, a token that refers to the name of US President Donald Trump without formal endorsement, seeing a decline of nearly 99.6% from its peak upon launching.

Source: CoinGecko

Recently, the total market value of memecoins plummeted to $39.4 billion, marking the lowest level recorded in 2025, as approximately $5 billion was wiped out in a single day, according to CoinMarketCap.

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