Miami, Florida, December 31st, 2024: As a seasoned crypto investor with a knack for spotting promising projects, I can confidently say that this news about Floki’s upcoming Exchange-Traded Product (ETP) is nothing short of revolutionary. Having witnessed the rise and fall of numerous digital assets over the years, I have learned to appreciate the significance of a strong community and strategic partnerships in driving long-term success.
The overwhelming support from the Floki DAO for this ambitious project underscores the unwavering commitment of its dedicated followers to expand Floki’s presence in traditional financial markets. The fact that this is the first time such a proposal has been passed without a single opposing vote speaks volumes about the strength and unity of the Floki community.
As the ETP goes live on the SIX Swiss Exchange, Floki will become the second memecoin after Dogecoin to have an ETP listed on a regulated stock exchange. This move is almost unprecedented in the crypto world and is set to provide institutional and retail investors with a secure, regulated avenue to access, buy, and hold FLOKI through familiar trading platforms.
The collaboration with leading asset managers and ETP Issuers further reinforces Floki’s growing integration into the traditional finance ecosystem. This strategic move is aimed at bridging the gap between crypto and traditional markets, a step that I believe will be instrumental in driving widespread adoption of Floki and digital assets as a whole.
The recent recognition by the U.S. Commodity Futures Trading Commission (CFTC) as a utility token, alongside Ethereum (ETH) and Avalanche (AVAX), during the Global Markets Advisory Committee (GMAC) meeting on November 21, is another feather in Floki’s cap. The upcoming launch of Valhalla, its NFT-based metaverse game, will further establish Floki’s legitimacy within the broader digital asset landscape and reinforce its real-world utility.
In a world where memecoins often face skepticism and criticism, Floki continues to innovate and push boundaries, working tirelessly towards its mission of becoming the most recognized and used cryptocurrency. As an investor who has seen my fair share of market fluctuations, I am excited about Floki’s future prospects and look forward to witnessing its continued growth and success in 2025 and beyond.
On a lighter note, as they say, “the more the merrier,” it seems that 2025 will indeed be a year of plenty for crypto enthusiasts – with Floki joining the ranks of traditional finance, who knows, maybe next we’ll see a Floki IPO!
Miami, Florida, December 31st, 2024, Chainwire
The Floki Decentralized Autonomous Organization (DAO) has overwhelmingly approved the distribution of resources to establish a mechanism for creating a Floki-related Exchange-Traded Product (ETP).
On December 27th, the proposition was approved unanimously, marking a historical milestone for the Floki DAO. This event underscores the strong backing from the community as they rally behind Floki’s plans to establish a significant footprint within conventional financial sectors.
16,310,285,772.6 FLOKI tokens from the community buyback fund will be reallocated to supply liquidity for the ETP, and the rest of the tokens will be destroyed and no longer in circulation.
The Floki ETP is set to go live on the SIX Swiss Exchange in the first quarter of 2025.
A representative from Floki, serving as a Core Advisor, confirmed that the Floki DAO’s vote strongly endorsed the plan to offer liquidity for the Floki ETP. This decision positions Floki as one of only two memecoins, alongside Dogecoin, that could have an ETP on a regulated stock exchange as soon as January 2025. The Floki ETP is set to debut on the SIX Swiss Exchange, Europe‘s third-largest stock exchange and Switzerland’s largest, marking a nearly unparalleled step towards legitimizing memecoins.
The development of the Floki ETP is being spearheaded by a prominent asset manager together with an ETP Issuer, further solidifying Floki’s increasing connection with traditional finance (TradFi). By launching the ETP, Floki seeks to narrow the divide between cryptocurrency and traditional markets, offering institutional and individual investors a secure, regulated method to acquire, trade, and hold FLOKI via popular trading platforms.
An ETP, much like an ETF, provides investment opportunities in various underlying assets. However, there are key structural variations between the two. With both options, investors can acquire asset exposure indirectly rather than owning the assets themselves.
The announcement is made in light of the U.S. Commodity Futures Trading Commission (CFTC)’s recent classification of Floki as a utility token, which occurred during the Global Markets Advisory Committee (GMAC) meeting on November 21st. Floki was mentioned alongside Ethereum (ETH) and Avalanche (AVAX) in ongoing discussions about digital assets that are part of regulatory deliberations.
As an analyst, I’d rephrase it this way: In their recognition, the Commodity Futures Trading Commission (CFTC) highlighted Valhalla, a metaverse game by Floki scheduled for launch in 2025, which is based on NFTs. The use of FLOKI as its in-game currency within Valhalla significantly strengthened the token’s practical relevance in the real world and bolstered Floki’s credibility across the digital asset marketplace.
Floki persists in pioneering and tirelessly striving to increase the acceptance of its system, aligning with its goal to become the globally recognized and widely utilized digital currency!
About Floki
Floki serves as the cryptocurrency and utility token within the Floki Ecosystem, prioritizing practical use, community engagement, philanthropy, and strategic promotion. Striving to become globally recognized and widely adopted, Floki is its mission to lead the cryptocurrency market. Currently boasting over 490,000 global holders, Floki has already built a robust brand identity. For more details, visit floki.com.
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Contact
Community Relations Officer
Pedro Vidal
Floki
marketing@floki.com
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2025-01-01 18:29