FLOKI Community Greenlights Liquidity Support for New ETP with Unanimous Vote

The Floki DAO has made a significant decision to allocate liquidity towards launching a Floki Exchange-Traded Product (ETP), marking a critical expansion for Floki within traditional financial markets. This unanimous vote, devoid of any opposition, underscores the community's strong support.

A calculated portion of the 16,310,285,772.6 FLOKI tokens from the community buyback wallet will be redirected to facilitate this initiative, while the surplus will be permanently eliminated.

The Floki ETP is slated to become available on the SIX Swiss Exchange in the first quarter of 2025.

In what can be seen as a landmark move for memecoins, the Floki ETP will debut on a regulated stock exchange, following hot on the heels of Dogecoin. The product’s launch on the SIX Swiss Exchange, Switzerland’s largest and Europe’s third-largest stock market, represents a noteworthy stride toward legitimizing memecoins in the financial domain.

A core advisor at Floki highlighted the pivotal role this ETP will have in bridging the existing divide between cryptocurrencies and traditional finance systems. Investors, both institutional and retail, will soon have a regulated means to access, buy, and hold FLOKI through familiar avenues.

The Floki ETP will be established through a collaboration between a leading asset manager and an ETP issuer, signifying Floki’s increasing integration into the world of traditional finance (TradFi).

As an exchange-traded product (ETP), it will allow investors to gain exposure to underlying assets without actually holding them, much like an exchange-traded fund (ETF), albeit with structural variations.

This development follows the U.S. Commodity Futures Trading Commission (CFTC)’s recent acknowledgment of Floki as a utility token, a recognition received during the Global Markets Advisory Committee (GMAC) meeting on November 21. Floki's mention alongside renowned cryptocurrencies like Ethereum and Avalanche homes in on its growing regulatory significance.

Central to this recognition was Valhalla, an NFT-based metaverse game that relies on FLOKI as its in-game currency, further underpinning the token’s utility.

Floki remains committed to innovation and expanding its ecosystem to become the world’s most recognized cryptocurrency.