The development team behind the popular dog-themed meme asset Floki (FLOKI) has exciting news to share with its community. They have announced plans to launch a new exchange-traded product (ETP) that will allow European investors to get exposure to FLOKI without actually purchasing the asset.
According to a recent post on the social media platform X, the Floki team has been working closely with a respected asset manager to create the FLOKI-based ETP. The launch is scheduled for the first quarter of next year, marking a significant milestone for the project.
The ETP will enable investors to access FLOKI in a regulated manner, opening up opportunities for institutional investors, regulated entities, and retail investors to participate. The ETP is already in advanced stages and is set to become tradable on the SIX Swiss Exchange, the largest stock exchange in Switzerland. This will make FLOKI the second meme coin in the world to have a live ETP, following in the footsteps of Dogecoin.
As part of the proposal, the Floki team is seeking approval from the Floki DAO to provide liquidity for the ETP. They plan to use a portion of the FLOKI tokens held in a crypto wallet for liquidity provision, while burning the remaining tokens on the day the ETP launches. This strategic move aims to enhance the value and utility of FLOKI in the market.
At the time of writing, FLOKI is trading at $0.000177, showing a slight increase in value over the past 24 hours. The community is eagerly anticipating the launch of the ETP and the potential impact it could have on FLOKI’s market performance.
To stay updated on the latest developments and news related to Floki and the upcoming ETP launch, interested individuals can subscribe to email alerts from the project. Additionally, they can follow Floki on social media platforms such as X, Facebook, and Telegram for real-time updates.
The introduction of the FLOKI ETP represents a significant step forward for the project, showcasing its commitment to innovation and providing new opportunities for investors. With the support of the community and strategic partnerships, Floki continues to make waves in the cryptocurrency industry.