It Will Be Second After Dogecoin! Another Popular Memecoin Announces It Will Expand to Europe Very Soon!

Floki Inu (FLOKI): New ETP Product Unveiling

Floki Inu (FLOKI), a prominent memecoin, is set to introduce a novel product for its investors.

In a formal statement, FLOKI announced plans to launch a Floki Exchange-Traded Product (ETP) in Europe. The ETP is expected to debut in the first quarter of 2025.

FLOKI proposes utilizing a portion of the tokens held in its treasury wallet, which contains 16 billion tokens, to fund the ETP. Upon approval, FLOKI tokens will provide liquidity to the ETP and may be withdrawn once adequate third-party liquidity is established.

FLOKI has partnered with an undisclosed asset manager to create the ETP. Lead developer B stated, "We've been collaborating with a respected Asset Manager to introduce a Floki ETP. After months of careful planning, the ETP is scheduled to launch in early Q1 2025 on the SIX Swiss Exchange."

Due to confidentiality agreements, the team cannot divulge further details regarding the ETP, including opening prices, fund structure, and institutional partners.

If approved, Floki ETP would be the second memecoin, after Dogecoin (DOGE), to launch with an institutional product in Europe.

Source: https://twitter.com/RealFlokiInu/status/1871873768068399424

Disclaimer: This information should not be construed as investment advice.