Floki Inu DAO has just supported the provision of liquidity for the first ever ETP. Could this be the ultimate meme coin ETF? How could it affect the price of FLOKI?
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The community just laid the groundwork for a turning point, unanimously supporting a liquidity move to create the Floki Exchange Traded Product (ETP).
It’s a major shift from meme to mainstream, one that could make Floki a top meme in 2025.
What is ETP Floki Inu?
By early 2025, Floki will break a new barrier by launching its ETP on Switzerland’s SIX Swiss Exchange, Europe’s third-largest market operator. For traditional investors, this means a controlled entry point to bet on a meme coin without owning it outright (kind of like a singular version of a meme coin ETF).
Dogecoin arrived first in 2024, sure, but Floki now joins the rare club of crypto tokens that play nice with the rules. Similar to stock market ETFs, this ETP offers amateurs and institutions an easy and regulated way to enter the volatile memecoin scene.
2024 saw meme coins gain unprecedented popularity, with the category emerging as the the second best performing crypto narrative, according to CoinGecko. Floki is building on this momentum, distinguishing itself by achieving milestones often reserved for utility-focused blockchain applications.
The fuel behind Floki’s ETP momentum lies in its massive community buyback wallet, stocked with over 16.3 billion FLOKI tokens.
With the DAO’s blessing, a portion of this stash will fund the ETP, while the rest will end up in digital smoke, burned to tighten supply and, in theory, increase long-term value. A Floki representative underlined the gravity of the decision, calling it a crucial moment for the future of the token.
“The Floki ETP will be published on the SIX Swiss Exchange, which is the largest stock exchange in Switzerland and the third largest stock exchange in Europe, in an almost unprecedented move for the legitimacy of memecoins.”
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Are ETP Offerings Strengthening the Legitimacy of Meme Coins?
The ETP isn’t Floki’s only chess piece in play. The brand’s recent victories include a regulatory nod and new projects that strengthen its position in an overcrowded cryptocurrency market. Case in point: Last November, the U.S. Commodity Futures Trading Commission (CFTC) awarded Floki an official utility token designation.
It is now in the same weight class as Ethereum and Avalanche, which positions the token as a contender in shaping the digital asset rules of tomorrow.
Additionally, Valhalla, Floki’s NFT-based metaverse game, will launch in early 2025.
The new test was performed
Bring it back Floki fam pic.twitter.com/vsJ8N29x2B
— ProfessorAstrones (@Astrones2) December 24, 2024
The launch of the Floki ETP in 2025 represents a significant step for meme coins and decentralized finance. By targeting traditional financial markets, Floki is paving the way for wider acceptance of such tokens and creating opportunities for regulated investments.
If successful, Floki could inspire other meme coins to follow suit.
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The post Floki Inu Heads to European TradFi Markets: Everything to Know About the New FLOKI ETP appeared first on 99Bitcoins.