Meme coin Floki is partnering with an undisclosed asset manager to introduce an Exchange-Traded Product (ETP) for European investors by early 2025, pending regulatory approval. This move positions Floki as the second meme coin with an institutional-grade investment vehicle in Europe, following Dogecoin (DOGE).
Meme Coin ETPs Gain Institutional Traction
The Floki DAO community is currently voting on allocating 16 billion FLOKI tokens (worth ~$2.8 million) from its treasury to provide initial ETP liquidity. The 48-hour vote concludes on December 27.
"After months of due diligence, the Floki ETP is on track for a Q1 2025 launch on Switzerland’s SIX Swiss Exchange," announced the Floki team.
This ETP will enable regulated access for institutional and retail investors, bridging meme coins with traditional finance.
Key Features of the Floki ETP:
- Regulated Framework: Complies with EU financial standards.
- Liquidity Backing: DAO-controlled tokens ensure market stability.
- Strategic Listing: SIX Swiss Exchange offers credibility and reach.
Floki’s Expansion in the Meme Coin Ecosystem
Earlier in 2024, Floki DAO invested $200K in CAT token, an entertainment-themed meme coin, which surged 250% post-launch. Binance later listed CAT, underscoring Floki’s influence in the sector.
Market Performance Highlights:
- FLOKI’s 2024 Growth: +375% year-to-date, peaking in June.
- Meme Coin Sector: $112B total market cap, reflecting robust demand.
FAQs
Why is Floki launching an ETP?
The ETP aims to legitimize meme coins for institutional investors while providing a regulated investment avenue.
How does the DAO vote affect the ETP?
Approval ensures liquidity by dedicating treasury-held FLOKI tokens, stabilizing the ETP’s early trading phase.
What exchanges will list the Floki ETP?
👉 SIX Swiss Exchange will host the primary listing, with potential expansions to other EU platforms.
Floki’s ETP represents a pivotal step toward institutional adoption of meme coins, combining viral appeal with financial innovation.
👉 Explore more about crypto ETPs and their role in modern portfolios.