Floki Memecoin Project in Plans To Launch Exchange-Traded Product for European Investors in Q1 of 2025

The development team behind dog-themed meme asset Floki (FLOKI) is announcing a plan to launch a new exchange-traded product (ETP).

In a new thread on the social media platform X, the project says it has been working closely with a respected asset manager to create a FLOKI-based ETP for European inventors, set to launch in Q1 of next year.

We’ve been actively working with a respected asset manager and an ETP issuer to launch a Floki ETP for quite a while now. After months of due diligence and painstaking effort, we’ve been told that the Floki ETP is on track to go live in early Q1, 2025. This proposal is to have the Floki DAO (decentralized autonomous organization) approve liquidity for the Floki ETP!”

An ETP allows investors to expose themselves to specific assets without the need to actually purchase them.

In the proposal, the Floki team says the ETP is already in its advanced stages and will become tradable on the SIX Swiss Exchange, the largest stock exchange in Switzerland, as soon as next year and become the second meme coin in the world with a live ETP.

“When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way.