How BONK’s ETP Launch Sent Shockwaves Through the Memecoin World

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The year 2025 is shaping up to be a dramatic rewrite for the memecoin saga, dear reader. Who could have imagined?

First, we had Dogecoin [DOGE] setting the stage with its U.S.-listed ETF (DOJE), debuting on September 18th like a star making its long-awaited entrance. The crowd was abuzz, and now, other so-called “cryptos of the people” are trailing in its wake, signaling a shift in the tides. Even the market, that beastly, temperamental creature, seems to have caught a whiff of something-change is in the air.

But wait-enter stage left, Bonk [BONK]. This little coin from the far corners of the meme galaxy has just made its own cameo, strutting its stuff with an ETP launch on Switzerland’s third-largest stock exchange, SIX. And just like that, it’s suddenly a respectable asset. Fancy that, right? Proof that even the most whimsical of ideas can grow up to wear a suit and tie.

“The listing is an important step forward for Bonk, demonstrating its progression from meme coin origins to a respected financial asset.”

And, of course, the market-ever the fickle lover-reacted as expected: bullish. Can you believe it? BONK was up a dazzling 9.24% on the weekly chart, nearly double the rise of Bitcoin [BTC], that grand patriarch of cryptos. The BONK/BTC ratio also saw a 4.57% rise, finally painting its first green weekly candle after five weeks of misery that saw 30% wiped off its value. It’s like watching an underdog claw its way back from the abyss-just a tad theatrical, wouldn’t you say?

What’s behind this surge, you ask? Well, dear reader, half of BONK’s rise is due to the whims of “rotational flows”-what a wonderfully clinical term for the dance of the big money players-and the other half is simply driven by that elusive “BONK-specific” momentum. Oh yes, the fascination is beginning to tick up once again.

But here’s the rub: Grayscale’s Dogecoin ETF (GDOG) launched just days before this, and let’s just say… well, it didn’t quite live up to the hype. The “risk-reward” profile of memecoins hasn’t been forgotten, no sir. Grayscale’s attempt was less fireworks, more damp squib. GDOG barely mustered $1.4 million in first-day trading-$12 million was the expectation. And net inflows? A modest $2.16 million. If you’re wondering whether this spells the slow deflation of the memecoin bubble, you’re not alone.

It’s enough to make you scratch your head, isn’t it? Just when you think you’ve got the market figured out, it throws a curveball.

But do we really expect any different? The memecoin craze of 2024 has cooled faster than a soup left out in winter. Coins like Pepe [PEPE] (-83%), Floki [FLOKI] (-85%), and dogwifhat [WIF] (-92%) are far from their highs, and let’s not forget DOGE itself is still bound by that nagging resistance. Meanwhile, BONK, bless its little heart, marches forward, but is it enough? Is it enough to pull the rug from under DOGE’s long reign?

Oh, and let’s not forget that in this fever dream of crypto markets, the BONK ETP still feels a bit like a risky gamble-a flash of excitement in an otherwise predictable world of finance.

Final Thoughts

  • Bitcoin Capital’s launch of the BONK ETP on the Swiss Exchange is proof that memecoins are inching their way into the mainstream, with DOGE leading the charge.
  • But let’s face it-BONK is still trailing behind DOGE’s gains. Can it ever catch up?

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2025-11-30 00:16