Citing AMBCrypto, Bitcoin Capital has launched a BONK ETP on Switzerland’s SIX exchange, marking a new step in institutional adoption for the memecoin. The listing has driven a 9.24% weekly gain for BONK, outperforming Bitcoin’s move. The BONK/BTC ratio also rose 4.57%, ending five consecutive weeks of declines. AMBCrypto reported massive 4.1 trillion buy orders, indicating significant positioning ahead of the ETP launch. However, the performance of Grayscale’s Dogecoin ETF (GDOG) highlights ongoing risks in the memecoin space, as it underperformed expectations with only $2.16 million in net inflows on its first day.
BONK ETP Launch Sparks 9.24% Weekly Rally on Swiss Exchange
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