The post Floki DAO Secures Liquidity Funding for Upcoming ETP, Poised for Launch in 2025 appeared on BitcoinEthereumNews.com.
The Floki DAO has taken a significant step forward by approving liquidity funding for its upcoming exchange-traded product (ETP), set to launch in Q1 2025. This initiative positions Floki as the second meme coin, following Dogecoin, to list an ETP on a regulated European stock exchange, marking a pivotal moment for the community. “Floki continues to innovate and work hard towards pushing adoption of its ecosystem,” stated the FLOKI DAO, exemplifying their commitment to the project’s future. Floki DAO unanimously approves liquidity for its upcoming ETP, marking a historic moment in meme coin adoption and the bridge to traditional finance. Floki ETP Receives the Formal Green Light From Community Members In a landmark decision, the Floki DAO passed its proposal without opposition, setting the stage for the Floki ETP to become the second meme coin listed on a regulated stock exchange. The upcoming ETP will be traded on Switzerland’s SIX Swiss Exchange, currently ranked as the third-largest in Europe. This initiative not only bridges the gap between traditional finance and cryptocurrency but also elevates Floki in the eyes of potential investors. Currently, it ranks as the 8th largest meme coin by market capitalization per CoinGecko. A representative from Floki emphasized the impact this listing will have: “The ETP will enhance the legitimacy of the community-driven meme coin and expand its reach to institutional investors,” reflecting the DAO’s vision for mainstream acceptance. A Series of Milestones The ETP structure, which is distinctive from ETFs, allows for trading on stock exchanges, thus providing both institutional and retail investors a straightforward method to invest in Floki. This innovative approach signifies a substantial development within the evolving landscape of cryptocurrencies. In recent months, Floki has seen considerable progress. In November, the US Commodity Futures Trading Commission (CFTC) recognized Floki as a utility token, signaling…