Floki Inu (FLOKI), one of the prominent memecoins in the market, is preparing to take a significant step towards integrating into traditional finance. Floki DAO, the managing organization of $FLOKI , has just made an important proposal to launch an exchange-traded product (ETP) in Europe. If approved, FLOKI will become the second memecoin after Dogecoin to be officially listed on ETP, opening up access opportunities for institutional investors to this special asset.



What is ETP and Why is it Important?



ETP (Exchange-Traded Product) is a type of financial product traded on stock exchanges. Investors can buy and sell assets such as stocks, commodities, or cryptocurrencies through #ETP without having to directly own them. This not only makes investing easier but also increases the legitimacy and transparency of assets like FLOKI.



In the proposal on December 25th, Floki DAO plans to use 16 billion FLOKI, equivalent to $2.8 million at current prices, to provide liquidity for the fund. So far, the proposal has received strong support with 140 votes in favor and 0 against. The voting process will end at 18:00 on December 27th (Vietnam time).



Floki Inu: Ambition Beyond Dogecoin



If the proposal is approved, FLOKI will be listed on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third largest in Europe. This is a strategic move to help Floki Inu expand its reach to the traditional financial market while enhancing the legitimacy and reputation of this memecoin.



According to Floki DAO, they are collaborating with an unnamed asset manager to develop the product. Currently, this ETP has reached an advanced development stage and is expected to be launched in early Q1 2025.



Memecoins and Traditional Financial Trends



Before FLOKI, $DOGE paved the way when asset management company Valour launched an ETP for this memecoin in November 2023. This event is considered an important milestone, demonstrating that memecoins are gradually being recognized by the traditional financial market.



Moreover, in September, Bonk Inu ($BONK ) also announced plans to launch ETP in the US. This shows that memecoins are no longer just a 'trendy' phenomenon but are asserting their role as a type of financial asset with potential.



The Situation of FLOKI Price



Although the news of the ETP launch is positive, the FLOKI price has not seen much significant movement. According to data from CoinGecko, FLOKI has decreased by 6.3% in the past week and is trading around $0.00018. However, since the beginning of the year, FLOKI has recorded an impressive growth of up to 399%, affirming its position in the memecoin market.



Currently, FLOKI is the 7th largest memecoin by market capitalization, reaching $1.7 billion. If the ETP is successfully implemented, the value of FLOKI could see significant advancements in the future.



Conclusion: FLOKI and the Opportunity to Conquer the European Financial Market



The proposal to launch ETP in Europe is not only an important milestone for Floki Inu but also demonstrates the trend of integration between crypto and traditional finance. FLOKI is gradually asserting itself not just as an ordinary memecoin but also as a notable financial asset, with the potential to become a popular investment choice for institutional investors.



Can FLOKI surpass Dogecoin and lead the memecoin wave on stock exchanges? The future will answer this question, but for now, all eyes are on Floki DAO and the decision to launch the first ETP in Europe!