Good news 🥳 $FLOKI is now the second asset to receive ETP approval 🤩 Keep building 💪

Floki DAO unanimously supports the proposal to use part of the FLOKI tokens to provide liquidity for the FLOKI ETP, with the remaining tokens to be burned. This ETP is driven by an asset management company and is expected to launch in 2025.

FLOKI DAO voted in support of the proposal to provide liquidity for the creation of the FLOKI ETP!

Floki DAO voted overwhelmingly in favor of allocating tokens to provide liquidity for the creation of the Floki ETP.

This proposal is the first time a Floki DAO proposal has passed without opposition, resulting in part of the 16,310,285,772.6 FLOKI tokens currently held in the "community buyback wallet" being used to provide liquidity for the Floki ETP, with the remainder to be burned.

The creation of the Floki ETP is driven by respected asset managers and ETP issuers, and is expected to launch in the first quarter of 2025, potentially becoming the second memecoin ETP to be launched on a regulated stock exchange after Dogecoin ETP. This is a significant milestone for Floki and memecoins!

ETP is an investment tool that can be traded on a stock exchange. It is similar to an ETF but has slightly different structures and purposes. ETPs are a one-stop solution fully integrated into the TradFi ecosystem, bridging TradFi investors to easily access, purchase, and hold Floki in a safe and regulated manner. A key similarity between ETPs and ETFs is that both allow institutional and retail investors to access assets easily in a transparent and regulated manner.

The news of the Floki ETP follows recent disclosures where the Commodity Futures Trading Commission (CFTC) highlighted FLOKI as a case study for a utility token during a recent meeting of its Global Markets Advisory Committee.

Floki continues to innovate and strive to drive the adoption of its ecosystem to fulfill its mission of becoming the most well-known and widely used cryptocurrency in the world!

Click the avatar to follow my public account for free sharing of bull market strategy layouts, various contract spot reference points, become my fan, and I'll help you reach the shore; you just need to relax.