{"id":34044,"date":"2024-12-25T19:00:48","date_gmt":"2024-12-25T16:00:48","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34044"},"modified":"2024-12-25T16:14:18","modified_gmt":"2024-12-25T13:14:18","slug":"floki-on-course-for-europe-etp","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/","title":{"rendered":"Floki on Course for Europe ETP"},"content":{"rendered":"<p><strong>Meme-turned-utility project Floki<\/strong> is preparing to launch an <strong>exchange-traded product (ETP)<\/strong> in Europe in early 2025.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/#Key_Points_to_Know\" title=\"Key Points to Know\">Key Points to Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/#Details\" title=\"Details\">Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/#Where_Will_It_Trade\" title=\"Where Will It Trade?\">Where Will It Trade?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/#Current_FLOKI_Status\" title=\"Current FLOKI Status\">Current FLOKI Status<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Points_to_Know\"><\/span>Key Points to Know<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Floki\u2019s <strong>ETP (Exchange-Traded Product)<\/strong> could go live in the first quarter of 2025.<\/li>\n<li>Developers are proposing to allocate part of the required <strong>FLOKI<\/strong> tokens from a treasury wallet holding 16 billion tokens.<\/li>\n<li>If approved, Floki would become the <strong>second meme token<\/strong> after <strong>dogecoin (DOGE)<\/strong> to have an institutional product in Europe.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Details\"><\/span>Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>meme-turned-utility project Floki<\/strong> is collaborating with an unnamed asset manager to develop an <strong>exchange-traded product (ETP)<\/strong> tracking the FLOKI token. The product could be available to European investors as early as 2025.<\/p>\n<p>The Floki DAO community is voting on a proposal to provide early liquidity when the product launches. The vote lasts 48 hours and will end at <strong>11:00 UTC on December 27<\/strong>.<\/p>\n<p>The treasury wallet, which holds <strong>16 billion tokens<\/strong> worth $2.8 million at current prices, is expected to supply the necessary liquidity for the ETP. These tokens were purchased over three years following another community vote.<\/p>\n<p>If approved, the tokens will provide liquidity for the ETP while remaining Floki\u2019s property. The tokens can be withdrawn if sufficient third-party liquidity is generated for the ETP.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2F8e28accefabb561ab853ae62541d3582672e05e1-2667x1500.jpg%3Fauto%3Dformat&amp;w=3840&amp;q=75&amp;dpl=dpl_6nTkWZ5AkCDPLbWLCndoZVFqHi7u\" alt=\"floki\" width=\"2667\" height=\"1500\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Where_Will_It_Trade\"><\/span>Where Will It Trade?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to a developer, the product will be listed on the <strong>SIX Swiss Exchange<\/strong>, the largest stock exchange in Switzerland and the third-largest in Europe.<\/p>\n<p>\u201cThe Floki ETP will provide institutional investors, regulated entities, and retail investors with <strong>regulated access to FLOKI<\/strong>,\u201d the developer explained. However, additional details such as opening prices, fund structure, and institutional partners remain undisclosed due to <strong>non-disclosure agreements<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_FLOKI_Status\"><\/span>Current FLOKI Status<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>FLOKI<\/strong> has gained 1.1% over the past 24 hours, performing in line with the broader cryptocurrency market.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme-turned-utility project Floki is preparing to launch an exchange-traded product (ETP) in Europe in early 2025. Key Points to Know Floki\u2019s ETP (Exchange-Traded Product) could go live in the first quarter of 2025. Developers are proposing to allocate part of the required FLOKI tokens from a treasury wallet holding 16 billion tokens. If approved, Floki<\/p>\n","protected":false},"author":28,"featured_media":31120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[58,68,10474,3713,10471,10472,10475,6538,2214,10473],"class_list":["post-34044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-cryptocurrency","tag-dogecoin","tag-europe-crypto-developments","tag-floki","tag-floki-dao","tag-floki-etp","tag-floki-token","tag-institutional-investors","tag-meme-token","tag-six-swiss-exchange"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Floki on Course for Europe ETP - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/floki-on-course-for-europe-etp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Floki on Course for Europe ETP - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Meme-turned-utility project Floki is preparing to launch an exchange-traded product (ETP) in Europe in early 2025. 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