Floki will launch FLOKI Token ETP on SIX Exchange in early 2025
Floki plans to launch a FLOKI token ETP on SIX Swiss Exchange in the first quarter of 2025.
FLOKI will become Europe's second memecoin after Dogecoin to offer institutional-grade investment products if approved.
On December 25, Floki announced its partnership with a regulated asset manager and ETP issuer to create an investment vehicle for institutional and retail investors.
For ETP liquidity, the Floki DAO has proposed allocating 16 billion FLOKI tokens—worth $2.8 million—from its treasury.
204.9 billion votes for and none against the proposition show community support. Voting ends December 27.
The ETP connects conventional finance and digital assets to provide investors regulated FLOKI exposure.
ETP will be hosted by SIX Swiss Exchange, Switzerland's biggest and Europe's third-largest stock exchange.
Floki launched a crypto debit card with Mastercard recently.
The physical and virtual card supports FLOKI, Bitcoin, and USDT in 31 European countries.
The effort follows a trend of crypto investment expansion.
Solana, Ripple, and Dogecoin ETPs have emerged to meet demand beyond Bitcoin and Ethereum.
Valour launched the first Dogecoin ETP on Sweden's Spotlight Stock Market last month, giving Nordic retail and institutional investors regulated DOGE exposure.
The “Most Popular” Crypto Narrative in 2024 Was Meme Coins
According to CoinGecko, meme coins dominated crypto in 2024, attracting nearly a third of investors.
The study examined site traffic from January 1 to December 21 and found that 31% of crypto searches involved these highly speculative tokens.
The “main meme coin narrative” alone garnered 15% of attention, up over six percentage points from 2023.
Meme coin trends like Coinbase's Base blockchain and AI-themed meme coins also topped the storylines, bolstering the sector's importance.
The memecoin market is worth $113.2 billion, with Dogecoin (DOGE) and Shiba Inu leading with market caps of $49.3 billion and $13.8 billion
#FLOKI #MarketRebound $FLOKI @Floki Inu
