Europe’s BONK ETP Arrives as Dogecoin ETF Underwhelms in the U.S.

[bonk]

The BONK ETP debut comes just days after Grayscale launched the first U.S. Dogecoin ETF, which saw weaker-than-expected first-day volume at just $1.4M, far below the projected $12M. Analysts say the tepid reception reflects fading appetite for memecoins, a trend that has accelerated throughout 2025 as retail speculation cools.

[Nahid Hossen]

BONK gaining traction in Europe while DOGE slows—interesting shift in demand.

[Rimon Khan]

ETP listings abroad could bring new mainstream exposure for memecoins.