Floki, the cryptocurrency project behind the FLOKI token, plans to launch an Exchange-Traded Product (ETP) on Switzerland's SIX Swiss Exchange in the first quarter of 2025.
This initiative positions FLOKI as the second memecoin, following Dogecoin, to offer an institutional-grade investment product in Europe.
The Floki DAO has approved allocating 16 billion FLOKI tokens (approximately $2.8 million) from its treasury to provide liquidity for the ETP.
The launch of the FLOKI ETP is expected to enhance the token's credibility and attract more serious investors who may have been hesitant to engage with memecoins.
Listing on the SIX Swiss Exchange will make FLOKI accessible to a broader audience, including traditional investors, potentially increasing demand and positively impacting its price.
Additionally, the planned token burn mechanism associated with the ETP launch will reduce supply, increasing scarcity, which may lead to price appreciation of the FLOKI token.
Overall, the introduction of the FLOKI ETP on the SIX Swiss Exchange is anticipated to bridge traditional finance with digital assets, providing investors with regulated exposure to FLOKI and potentially influencing the token's market dynamics.
