Floki is preparing to introduce an exchange-traded product (ETP) tied to its FLOKI token on Switzerland’s SIX Swiss Exchange in the first quarter of 2025. If approved, this would make FLOKI the second memecoin after Dogecoin to offer an institutional-grade investment product in Europe.
Floki’s Strategic Partnership
Floki has teamed up with a regulated asset manager and an ETP issuer. Together, they aim to create an investment vehicle accessible to both institutional and retail investors. This initiative will offer regulated exposure to FLOKI, bridging traditional finance and digital assets.
Floki DAO Allocates $2.8 Million for ETP Liquidity
To support this move, the Floki DAO has proposed allocating 16 billion FLOKI tokens, worth approximately $2.8 million, from its treasury. This will ensure liquidity for the ETP. The proposal has received strong community backing, with 204.9 billion votes in favor. Voting is set to conclude on December 27.
Liquidity Management for the ETP
Floki has made it clear that the tokens allocated for liquidity will remain under the DAO’s ownership. They can be reclaimed once third-party liquidity reaches a sufficient level. This ensures that the community maintains control over its assets.
SIX Swiss Exchange Hosts the ETP
The ETP will be available on the SIX Swiss Exchange, Switzerland’s largest stock exchange and the third-largest in Europe. This follows Floki’s partnership with Mastercard to launch a crypto debit card. The card will be available in 31 European countries and support cryptocurrencies like FLOKI, Bitcoin, and USDT.
Expanding Crypto Investment Products
Interest in crypto investment products has grown significantly. In addition to Bitcoin and Ethereum, products for Solana, Ripple, and Dogecoin are now available. Last month, Valour launched the first Dogecoin ETP on Sweden’s Spotlight Stock Market. It provides regulated exposure to DOGE for investors in the Nordics.
Meme Coins Gain Popularity in 2024
According to a recent CoinGecko report, meme coins dominated the crypto scene in 2024, capturing nearly a third of investor interest. This trend has continued to grow, with 31% of crypto-related searches focusing on speculative tokens. The “main meme coin narrative” alone accounted for 15% of all interest, a notable increase from 2023.
Dogecoin and Shiba Inu Lead the Meme Coin Market
Dogecoin (DOGE) and Shiba Inu (SHIB) remain the top players in the meme coin market, with market caps of $49.3 billion and $13.8 billion, respectively. Together, they contribute to a total meme coin market valuation of $113.2 billion.
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