Floki to become the second Memecoin to launch ETP after Dogecoin – Here’s the 2025 potential timeline

Floki Exchange-Traded Product (ETP) to Launch in Early 2025

Following Dogecoin's success, the Floki decentralized autonomous organization (DAO) has approved the allocation of liquidity for a Floki ETP, with 99.9% of the vote in favor.

Launched on December 27, the proposal received 332.7 billion votes and is scheduled to go live on the SIX Swiss Exchange in the first quarter of 2025.

The Floki Initiative

The proposal requested the allocation of tokens from the community redemption wallet to provide liquidity for the ETP. At current prices, the tokens are valued at approximately $2.8 million. The remaining balance will be destroyed to reduce the supply.

Factors Contributing to the Decision

The CFTC's recognition of Floki as a utility token and the upcoming Valhalla NFT-based metaverse game played a significant role in the decision. FLOKI will serve as the in-game currency for Valhalla.

Market Outlook

Crypto analyst Javon Marks believes Floki has promising bull signals and could potentially rally over 50%, reaching $0.0005467298.

Anticipated Benefits of the ETP

The ETP is expected to enhance asset stability and instill confidence among investors. European investors will gain exposure to Floki without the complexities of direct ownership. Institutional investors and regulated entities can also access FLOKI in a regulated manner.

Similarities to Dogecoin ETP

The launch of the Floki ETP is anticipated to have a similar bullish impact as the Dogecoin ETP launched by Valour on Sweden's Spotlight Stock Market.