etp

$BTC Capital is getting ready to launch a new $BONK ETP on November 27. This will be the first regulated BONK product in Europe, giving investors a simple way to get BONK at a 1:1 ratio through a trusted exchange. Many traders think this could bring new demand because it opens the door for both retail and institutional money in the European market.
The launch comes at an interesting time. BONK is close to a possible breakout after four months of slow and steady accumulation. The chart has been forming a falling wedge, which is often seen as a bullish reversal pattern. Most of this buildup happened after the strong altcoin season in August. Even though BONK fell around 10 percent in the last 24 hours as Bitcoin dropped below $85,000, the chart is still holding long-term interest.
Trading volume is also rising, touching $200 million today, even while the price is sliding. This kind of move can show that buyers are quietly stepping in rather than rushing out. The BBP indicator still shows bearish pressure, but it is softer compared to October. This may mean the market is slowly turning more positive.
The next question is whether BONK will get enough liquidity from the ETP launch. If fresh inflows come in, the wedge pattern could break to the upside. The risk is that sellers may try to push the price down again before the trend changes. Retail traders often exit too early during these phases, while experienced traders use them to build positions.
On-chain data from CryptoQuant shows that whales have been buying the dip in both spot and futures markets. These large orders came in exactly as BONK touched key levels in its long consolidation. Retail traders are still unsure, especially after the heavy swings earlier this year. But whale buying is picking up again, and the Spot Taker CVD has turned upward over the last 90 days. This shift started on November 8 as expectations around the BONK ETP grew stronger.
A rising CVD usually means buyers are taking control by absorbing sell pressure. With whales active and a major product launch coming, BONK has a real chance to break out. But patience is still needed because the wider market remains unstable.
If liquidity increases around the ETP release, a new trend may form. Until then, BONK stays in a careful buildup stage while traders watch for the next clear move.



#Bonk #CryptoNews #ETP #memecoins #MarketUpdate

Bitwise, the leading cryptocurrency asset manager, has announced the launch of its exchange-traded product (ETP) tied to cryptocurrency $XRP . This event marks a significant step towards the integration of cryptocurrencies into traditional financial markets. The launch of the ETP will allow investors to access XRP without the need for direct purchase and storage of the digital asset, greatly simplifying the investment process and lowering barriers to entry.