Floki Set to Introduce FLOKI Token ETP on Switzerland’s SIX Exchange in Early 2025

Floki is preparing to launch an exchange-traded product (ETP) linked to its FLOKI token on Switzerland’s SIX Swiss Exchange in the first quarter of 2025.

If authorized, this initiative will make FLOKI the second memecoin, following Dogecoin, to provide an institutional-grade investment option in Europe.

The announcement, made on December 25, details Floki’s partnership with a regulated asset manager and ETP issuer to create an investment vehicle available to both institutional and retail investors.

Floki DAO to Allocate $2.8M Worth of Tokens for the ETP

To facilitate this initiative, the Floki DAO has suggested allocating 16 billion FLOKI tokens—valued at around $2.8 million—from its treasury to ensure liquidity for the ETP.

The proposal has garnered significant community backing, with 204.9 billion votes in favor and none opposed. Voting is scheduled to end on December 27.

The ETP seeks to connect traditional finance with digital assets, allowing investors to obtain regulated exposure to FLOKI.

While specifics regarding the product’s structure and pricing remain undisclosed, Floki has confirmed that the tokens set aside for liquidity will stay under its control and can be reclaimed once third-party liquidity is adequate.

NEW DAO PROPOSAL: APPROVE LIQUIDITY PROVISIONING FOR A FLOKI ETP
We’ve been actively working with a respected Asset Manager and an ETP Issuer to launch a Floki ETP (Exchange-Traded Product) for quite a while now. After months of due diligence and painstaking effort, we’ve been… pic.twitter.com/90ckRJsUN2

— FLOKI (@RealFlokiInu) December 25, 2024

The SIX Swiss Exchange, which is Switzerland’s largest stock exchange and the third-largest in Europe, will be the venue for the ETP.

This development follows Floki’s recent collaboration with Mastercard to introduce a crypto debit card.

The card, available in both physical and virtual formats across 31 European nations, supports various cryptocurrencies, including FLOKI, Bitcoin, and USDT.

This initiative aligns with a broader trend of increasing crypto investment alternatives.

In addition to Bitcoin and Ethereum, products like Solana, Ripple, and Dogecoin ETPs have surfaced, responding to rising demand.

Last month, Valour launched the first Dogecoin ETP on Sweden’s Spotlight Stock Market, offering retail and institutional investors in the Nordics regulated access to DOGE.

Meme Coins Were the “Most Popular” Crypto Narrative in 2024

Meme coins were at the forefront of the crypto scene in 2024, attracting nearly a third of investor interest, as reported by CoinGecko.

The analysis, which examined site traffic from January 1 to December 21, indicated that 31% of crypto-related searches focused on these highly speculative tokens.

Among the various trends, the “main meme coin narrative” alone represented 15% of interest, marking a significant increase of over six percentage points from 2023.

Solana-based meme coins closely followed as the fourth-largest category, capturing an 8% share of interest.

Moreover, other meme coin-related trends, such as those associated with Coinbase’s Base blockchain and AI-themed meme coins, ranked among the leading narratives, further reinforcing the sector’s significance.

Dogecoin (DOGE) and Shiba Inu (SHIB) continue to dominate the market with respective market capitalizations of $49.3 billion and $13.8 billion, contributing to a total memecoin market valuation of $113.2 billion.

Additionally, artificial intelligence (AI) tokens emerged as the second-most popular crypto narrative of the year, capturing nearly 13% of interest.

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