Yigit Taha OZTURK 
Meme-turned-utility project Floki is preparing to launch an exchange-traded product (ETP) in Europe in early 2025.
Key Points to Know
- Floki’s 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 would become the second meme token after dogecoin (DOGE) to have an institutional product in Europe.
Details
The meme-turned-utility project Floki is collaborating with an unnamed asset manager to develop an exchange-traded product (ETP) tracking the FLOKI token. The product could be available to European investors as early as 2025.
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 11:00 UTC on December 27.
The treasury wallet, which holds 16 billion tokens 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.
If approved, the tokens will provide liquidity for the ETP while remaining Floki’s property. The tokens can be withdrawn if sufficient third-party liquidity is generated for the ETP.
Where Will It Trade?
According to a developer, the product will be listed on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third-largest in Europe.
“The Floki ETP will provide institutional investors, regulated entities, and retail investors with regulated access to FLOKI,” the developer explained. However, additional details such as opening prices, fund structure, and institutional partners remain undisclosed due to non-disclosure agreements.
Current FLOKI Status
FLOKI has gained 1.1% over the past 24 hours, performing in line with the broader cryptocurrency market.
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