#XmasCryptoMiracles Floki DAO Launches Liquidity for Floki ETP in Europe

If the vote is approved and the ETP proceeds, Floki DAO will join Dogecoin as the second memecoin to have a registered ETP.

The Floki DAO — the organization that manages the Floki memecoin — has proposed allocating a portion of its treasury to an asset manager in an effort to launch an exchange-traded product (ETP) in Europe, allowing institutional investors to gain exposure to memecoin.

In a proposal submitted on December 25, Floki DAO members are currently voting on whether they should allocate liquidity to the ETP. The proposal calls for a portion of the 16 billion FLOKI — worth $2.8 million at current prices — to be used as liquidity for the future fund.

As of press time, the proposal had 140 votes in favor, with none against. The voting period is set to end on December 27.

The Floki team said they are working with an anonymous asset manager to launch the exchange-traded product in Europe.

“We have been told that the Floki ETP is on track to go live in early Q1 2025,” the proponent of the proposal said.

“Floki’s ETP is currently in an advanced stage and will be tradable on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third largest in Europe,” they added.