The FLOKI token is going to the Swiss stock exchange through an ETP
The market for so-called memecoins has experienced a sharp decline in recent weeks. In fact, the sector no longer leads the crypto world in returns as it did months ago. Despite this decline, the FLOKI token does not stop its expansion and is now going to the Swiss stock exchange, according to a recent proposal.
As recently learned, stock market investors in the European country will have the opportunity to gain exposure to the meme coin. The latter can be done through an exchange-traded product or ETP. In this sense, the DAO related to the coin would be exploring ways to provide liquidity.
Among the most plausible proposals is to do so through the sale of tokens for $2.8 million dollars. With this, the product would be listed on the SIS Swiss Exchange in Switzerland. This is a significant step, given that FLOKI would be the second crypto meme asset to offer exposure to European institutional investors. The other token is the popular Dogecoin (DOGE).
So far, the price of the FLOKI token has not shown a positive reaction to the news that it is going to the Swiss stock exchange. The performance of the last few hours seems more linked to the volatility of the general crypto market than to a possible liquidation to provide liquidity to the expected ETP.
A FLOKI token ETP could be well received in Switzerland
The myth that institutional investors are allergic to the volatility of digital currencies was refuted by the events in the US. The cash ETFs in the North American country showed that the appetite for risk is huge among large capitals. Thus, the arrival of a FLOKI product on the Swiss stock exchange could be something positive.
A good part of the most risk-addicted investors could dedicate a part of their portfolios to this product. The entry of institutional capital to the token could make a huge difference for its stability in contrast to the rest of the so-called memecoins.