Bitcoin Capital has launched a BONK ETP on Switzerland's SIX exchange, marking a significant step in institutional adoption for the memecoin. This development has led to a 9.24% weekly increase in BONK's value, surpassing Bitcoin's performance. The BONK/BTC ratio also improved by 4.57%, reversing a five-week decline. Massive buy orders totaling 4.1 trillion were reported, indicating strong market positioning ahead of the ETP launch. Despite BONK's success, Grayscale's Dogecoin ETF (GDOG) faced challenges, with only $2.16 million in net inflows on its first day, highlighting the ongoing risks in the memecoin sector.