Floki Meme Coin to Launch ETP in Europe by Early 2025

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As an analyst with over two decades of experience in the financial markets, I find myself intrigued by the latest developments surrounding meme coin Floki. The collaboration with an undisclosed asset manager to create an exchange-traded product (ETP) is a significant step forward for this once-joke token.

The meme coin, Floki, is teaming up with a yet unnamed asset manager to create a European Exchange-Traded Product (ETP).

As a researcher, I’m excited to share that the forthcoming Exchange-Traded Product (ETP) is anticipated to be accessible to European investors by early 2025, subject to necessary approvals being granted.

Meme Coin ETPs Are Becoming Increasingly Popular

Should our strategy materialize, I’ll be proud to be part of the FLOKI community as we position ourselves as the second European meme coin offering an institutional-level investment product, following in the footsteps of Dogecoin (DOGE).

The Floki DAO group is now deciding if they should distribute initial funds for the ETP. This idea involves utilizing tokens from a digital wallet with a total of 16 billion FLOKI, which equates to more than $2.8 million at present market rates. The vote, lasting 48 hours, will end on December 27th at 11:00 UTC.

As an analyst, I’ve been involved in a long-term collaboration with a well-regarded Asset Manager and an Exchange-Traded Product Issuer. After numerous months of thorough examination and hard work, we’ve received word that our Floki ETP is progressing according to plan and is expected to debut in the initial quarter of 2025. This exciting news was recently shared by Floki on platform X, formerly known as Twitter.

These assets were bought in the open market after a prior community vote and, subject to approval, will be employed to maintain liquidity while still being owned by Floki. If needed, these tokens can be taken out if adequate external liquidity becomes available.

It appears that the Floki ETP is approaching its completion and is expected to go public on the SIX Swiss Exchange, which is Switzerland’s primary stock market and ranks as the third-largest in Europe.

Upon its release, the ETP will provide a structured platform for institutional investors, registered firms, and individual investors to invest in FLOKI within a secure regulatory environment.

Meme Coins Continue to Grow

Back in the early part of this year, the Floki DAO organization declared an investment of $200,000 worth of USDT in the CAT token, a cryptocurrency that draws inspiration from the popular animated show “Simon’s Cat”. This move marked Floki’s foray into the realm of meme coins tied to entertainment.

After its debut, the value of the CAT token skyrocketed more than 250%, achieving a market value of approximately $275 million. Lately, though, it’s been on a steady downward trend throughout December. This month, Binance added the token to their listings as well.

To put it simply, the larger meme coin sector experienced substantial expansion during 2024, amassing a combined market value of around $112 billion. Particularly noteworthy is FLOKI, which hit its peak in June and saw an impressive growth of nearly 375% this year.

Floki’s upcoming ETP (Exchange-Traded Product) strategy intends to leverage the escalating fascination with meme coins, by facilitating a smooth transition between meme coin popularity and institutional investment acceptance within a regulated framework.

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2024-12-25 23:04