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- Floki DAO has taken an important step by approving liquidity financing for its exchange-traded product (ETP), which will be launched in the first quarter of 2025.
- This initiative makes Floki the second meme coin, after Dogecoin, to ETP listed on a regulated European exchange and represents an important moment for the community.
- “Floki continues to innovate and work diligently to drive adoption of its ecosystem,” commented FLOKI DAO, demonstrating their commitment to the future of the project.
Floki DAO has unanimously approved liquidity for the anticipated ETP, marking a historic moment in meme coin adoption and bridging the gap with traditional finance.
Floki ETP receives official approval from community members
In a landmark decision, Floki DAO accepted his proposal without opposition, paving the way for Floki ETP to be listed on a regulated exchange. The expected ETP will be traded on the Swiss SIX Swiss Exchange, currently the third largest stock exchange in Europe.
This initiative not only builds a bridge between traditional finance and cryptocurrency, but also elevates Floki in the eyes of potential investors. It is currently ranked as the 8th largest meme coin by market capitalization, according to data from CoinGecko.
A Floki representative emphasized the impact of this list: “The ETP will increase the legitimacy of the community-driven meme coin and increase the interest of institutional investors,” He reflected his vision of DAO’s mainstream acceptance.
A number of key points
The structure of ETPs differs from ETFs and offers the possibility of trading on stock exchanges, thus providing institutional and individual investors with an easy way to invest in Floka. This innovative approach represents a significant advance in the ever-changing cryptocurrency landscape.
In recent months, Floki has made significant progress. In November, the US Commodity Futures Trading Commission (CFTC) recognized Floki as a utility token, demonstrating its growing importance alongside established cryptocurrencies such as Ethereum and Avalanche.
Additional developments took place in December, including the launch of a debit card that allows transactions using crypto at locations that accept Visa or Mastercard. This step significantly increased the use of Floki tokens.
Floki annual price chart. Source: COINOTAG
Floki has further strengthened its commitment to education, introducing ‘Floki University’ with the aim of providing cryptocurrency education in the challenging market. This initiative reinforces Floki’s goal of not only sustainability, but also educating and empowering its community.
Investing 200,000 USDT this year in CAT, the meme coin associated with “Simon’s Cat,” is an example of the community’s proactive approach. Although CAT experienced a price increase of more than 250% at launch, Floki’s strategic investments demonstrate his focus on future growth opportunities.
Despite temporary market fluctuations, Floki has shown resilience, growing roughly 375% over the same period, with the broader meme coin market reaching a significant market cap of $112 billion in 2024. This sets Floki up to use the momentum to launch ETP.
Conclusion
In short, the unanimous approval of the anticipated ETP within the Floki DAO marks a transformational step in the meme coin market, moving towards greater legitimacy and wider acceptance. As Floki responds to its expanding ecosystem and continues its integration with traditional finance, the future looks promising for both the coin and the community. The upcoming launch of the ETP could be a defining moment in the positioning of cryptocurrencies as viable investment instruments in major financial markets.
