Floki is set to revolutionize institutional and retail crypto investment options with its plans to launch an exchange-traded product (ETP) tied to the FLOKI token on Switzerland’s SIX Swiss Exchange by the first quarter of 2025. If approved, this launch will make FLOKI the second memecoin—following Dogecoin—to introduce a regulated investment product in Europe.
FLOKI ETP: Bridging Traditional Finance and Crypto
The announcement, made on December 25, confirmed that Floki has partnered with a regulated asset manager and ETP issuer to design a product that offers regulated exposure to FLOKI for institutional and retail investors alike.
Community-Backed Funding for ETP
To support this groundbreaking initiative, the Floki DAO has proposed allocating 16 billion FLOKI tokens, worth approximately $2.8 million, from its treasury to provide liquidity for the ETP.
- Community Support:
The proposal has received overwhelming approval from the Floki community, with 204.9 billion votes in favor and none against. Voting is set to conclude on December 27.
Floki assures that the allocated tokens will remain under its ownership and can be reclaimed once sufficient third-party liquidity is established.
Hosted on Switzerland’s SIX Exchange
The ETP will be listed on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third-largest in Europe, providing global investors with easy access to FLOKI as a regulated financial instrument.
Expanding Investment Options
This development aligns with the broader trend of expanding institutional crypto investment options. Beyond Bitcoin and Ethereum, ETPs tied to Solana, Ripple, and Dogecoin have already captured investor interest.
Last month, Valour introduced the first Dogecoin ETP on Sweden’s Spotlight Stock Market, allowing Nordic investors to gain regulated exposure to DOGE.
Floki’s Recent Innovations
The planned ETP follows Floki’s recent partnership with Mastercard to launch a crypto debit card available in both physical and virtual formats across 31 European countries. This card supports multiple cryptocurrencies, including FLOKI, Bitcoin, and USDT, further cementing Floki’s commitment to enhancing crypto adoption.
Meme Coins Dominate Crypto in 2024
According to a recent CoinGecko report, meme coins captured nearly 31% of investor interest in 2024, making them the most popular crypto narrative of the year.
Key highlights:
- 15% of searches focused on main meme coin narratives, marking a six-percentage-point increase from 2023.
- Solana-based meme coins ranked as the fourth-largest category, with an 8% share of interest.
- Dogecoin (DOGE) and Shiba Inu (SHIB) continue to dominate, with combined market caps exceeding $113 billion.
Conclusion
Floki’s planned ETP and its recent innovations underscore the growing institutional interest in meme coins and their potential to bridge the gap between traditional finance and digital assets.
For the latest updates on cryptocurrency innovations, blockchain technology, and investment trends, visit CentBit.Online—Bangladesh’s leading crypto and blockchain resource.
