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The Floki meme coin development team has revealed plans to launch a new Exchange Traded Product (ETP). The project indicates that it is working closely with a reputable asset manager to create a FLOKI-based ETP aimed at European investors. The launch of this product is targeted for the first quarter of the upcoming year.
FLOKI Coin ETP
In a statement made on the social media platform X, the project team emphasized that they have been conducting extensive research and rigorous work for months. The FLOKI ETP is expected to be operational by early 2025.
“This proposal has been submitted to ensure Floki DAO’s approval for providing liquidity for the ETP!”
The FLOKI team also announced plans not only to provide liquidity for the ETP but also to burn FLOKI tokens. The project team suggested allocating part of the existing 16,310,285,772.6 FLOKI tokens to liquidity while proposing to burn the remainder on the launch day of the ETP.
“This is a significant step, and such a move is quite rare in the crypto world.”
The FLOKI ETP is expected to be traded on SIX Swiss Exchange, Switzerland’s largest exchange. This step will enable institutional and individual investors to invest in FLOKI in a regulated manner. Considering that Dogecoin 
$0.190566 is the only memecoin ETP, FLOKI’s entry into this space will be noteworthy.
Future Steps
The project team continues to work towards the successful listing and implementation of the ETP. Proper management of liquidity provision and token burning processes is crucial for the success of the ETP.
The launch of the FLOKI ETP could present new opportunities for investors and contribute to broader acceptance of memecoins. The ETP launch may pave the way for memecoins to be included among financial products and create new dynamics in the market.
