The developers behind the dog-themed meme asset Floki.FLOKIThe company announces a plan for launching a new Exchange-Traded Product (ETP).
A new thread has been created on social media platform X by the project says The company has been working with a respected asset management firm to develop an ETP based on FLOKI for European inventors.
“We’ve been actively working with a respected asset manager and an ETP issuer to launch a Floki ETP for quite a while now. After months of due diligence and painstaking effort, we’ve been told that the Floki ETP is on track to go live in early Q1, 2025. This proposal is to have the Floki DAO (decentralized autonomous organization) approve liquidity for the Floki ETP!”
Investors can invest in ETPs to gain exposure to certain assets, without having to purchase them.
The Floki team has proposed a new proposal. says The ETP has already advanced to the point where it will be tradable at the SIX Swiss Exchange – the biggest stock exchange in Switzerland – as early as next year. It is the second meme currency in the world that offers a real ETP.
The Floki ETP, when it is launched, will give institutional investors and regulated entities, as well as retail investors, a regulated exposure to FLOKI.
“This is a huge move, almost unheard of in this industry, as Dogecoin, the ONLY memecoin on the planet, has a working ETP. Floki may be the next memecoin to have an ETP besides Dogecoin.”
This proposal includes provisions to burn FLOKI tokens and provide liquidity for ETP.
“The purpose of this DAO proposal is to seek approval from the Floki DAO for providing liquidity to the ETP…
The total number of FLOKI tokens we currently own is 16,310.285.772.6 [a crypto wallet] You can use a part of these to create liquidity for ETP and burn the remaining on the ETP launch date.”
FLOKI has a price of $0.000177 as I write this, an increase in value over the last 24 hour.
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Source: dailyhodl.com
