Floki is gearing up to introduce an exchange-traded product (ETP) tied to its FLOKI token on Switzerland’s SIX Swiss Exchange in the first quarter of 2025.
If approved, this move will position FLOKI as the second memecoin, after Dogecoin, to offer an institutional-grade investment product in Europe.
The announcement, made on December 25, reveals Floki’s collaboration with a regulated asset manager and ETP issuer to design an investment vehicle accessible to institutional and retail investors alike.
Floki DAO to Allocate $2.8M Worth of Tokens for the ETP
To support the initiative, the Floki DAO has proposed allocating 16 billion FLOKI tokens—worth approximately $2.8 million—from its treasury to provide liquidity for the ETP.
The proposal has received overwhelming community support, with 204.9 billion votes in favor and none against. Voting is set to conclude on December 27.
The ETP aims to bridge traditional finance with digital assets, enabling investors to gain regulated exposure to FLOKI.
While details on the product’s structure and pricing remain confidential, Floki has assured that tokens allocated for liquidity will remain under its ownership and can be reclaimed once third-party liquidity is sufficient.
NEW DAO PROPOSAL: APPROVE LIQUIDITY PROVISIONING FOR A FLOKI ETP
We've been actively working with a respected Asset Manager and an ETP Issuer to launch a Floki ETP (Exchange-Traded Product) for quite a while now. After months of due diligence and painstaking effort, we've been… pic.twitter.com/90ckRJsUN2— FLOKI (@RealFlokiInu) December 25, 2024
The SIX Swiss Exchange, Switzerland’s largest stock exchange and the third-largest in Europe, will host the ETP.
The development follows Floki’s recent partnership with Mastercard to launch a crypto debit card.
The card, available in physical and virtual formats across 31 European countries, supports multiple cryptocurrencies, including FLOKI, Bitcoin, and USDT.
The initiative aligns with a broader trend of expanding crypto investment options.
Beyond Bitcoin and Ethereum, products like Solana, Ripple, and Dogecoin ETPs have emerged, catering to growing demand.
Last month, Valour launched the first Dogecoin ETP on Sweden’s Spotlight Stock Market, providing retail and institutional investors in the Nordics with regulated exposure to DOGE.
Meme Coins Were the “Most Popular” Crypto Narrative in 2024
Meme coins dominated the crypto landscape in 2024, capturing nearly a third of investor interest, according to a recent CoinGecko report.
The study, which analyzed site traffic from January 1 to December 21, revealed that 31% of crypto-related searches centered around these highly speculative tokens.
Among the various trends, the “main meme coin narrative” alone accounted for 15% of interest, a notable increase of over six percentage points from 2023.
Solana-based meme coins followed closely as the fourth-largest category, with an 8% share of interest.
Additionally, other meme coin-related trends, such as those tied to Coinbase’s Base blockchain and AI-themed meme coins, ranked among the top narratives, further solidifying the sector’s prominence.
Dogecoin (DOGE) and Shiba Inu (SHIB) continue to lead the market with respective market caps of $49.3 billion and $13.8 billion, contributing to a combined memecoin market valuation of $113.2 billion.
Furthermore, artificial intelligence (AI) tokens emerged as the second-most popular crypto narrative of the year, securing nearly 13% of interest.
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