An exchange-traded product (ETP) is a tool that allows investors to purchase assets on a stock exchange without having to own them directly.
The Bonk team noted that they intend to launch an ETP based on the memecoin by the end of this year with the support of Osprey Funds.
The developers of the memecoin are confident that the creation of an ETP based on #BONKđ„đ„ will not only strengthen the position of their asset, but also open up new opportunities for the growth of the meme coin market as a whole. In addition, this may also have a positive effect on the emergence of a spot exchange-traded fund (ETF) on Solana. According to CoinGecko, at the time of writing,#BONKis trading at $0.0000173. The token capitalization is $1.2 billion. According to this indicator, the asset ranks sixth among the largest memecoins on the market.
