Floki Meme Coin ETP is Launching in Europe by Early 2025
Meme coin Floki is working with an undisclosed asset management firm to develop an exchange-traded product (ETP) in the European Union.
According to the latest announcement, the ETP will be open to European investors in early 2025 and is currently awaiting approval.
Meme Coin ETP is growing in popularity
If the plan goes forward, FLOKI will become the second Meme coin in Europe to have institutional-grade investment products. Dogkoyn (Governor).
Floki DAO community currently vote Whether to allocate early liquidity to ETP. It proposes using Treasury tokens wallet Contains 16 billion FLOKI, worth over $2.8 million at current market prices. The 48-hour voting will end on December 27 at 11:00 UTC.
“We have been actively working with a respected asset manager and ETP issuer for a long time to launch the Floki ETP (Exchange Traded Product). After months of due diligence and hard work, we have learned Floki ETP is expected to be launched early in the first quarter of 2025.” Announce on X (formerly Twitter).
These tokens were acquired through open market purchases following previous community votes. If approved by the community, they will be used to provide liquidity while maintaining Floki’s ownership. If sufficient third-party liquidity emerges, tokens can be withdrawn.
Meanwhile, Floki ETP is reportedly in the final stages of listing on SIX Swiss Exchange. It is the country’s largest stock exchange and the third largest in Europe.
Once launched, ETP will be provided to institutional investorsregulated entities and retail investors access FLOKI within a regulated framework.
Meme coins continue to grow
Earlier this year, Floki DAO announced the issuance of $200,000 USDT Invest in CAT Tokensa meme coin inspired by the animated series “Simon’s Cats.” This venture represents Floki’s entry into the realm of entertainment-themed meme coins.
After its launch, the CAT token soared more than 250%, reaching a market capitalization of $275 million. However, the decline continued in December. Binance also listed the token earlier this month.
Overall, the broader Meme Coin Market Showing significant growth in 2024, the total market capitalization will reach $112 billion. FLOKI itself reached an all-time high in June and is up about 375% this year.
Floki’s planned ETP will capitalize on this growing interest and aims to bridge the gap between Meme Coins and Institutional Adoption In a regulated environment.
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