FLOKI Aims To Mirror Dogecoin<\/h2>\n
Community members see this as a landmark event, as the Floki ETP is scheduled to debut in early Q1 2025 in collaboration with what the team calls \u201ca respected Asset Manager and an ETP Issuer.\u201d According to Floki representatives, it will be listed on the SIX Swiss Exchange, recognized as one of the largest stock exchanges in Europe, thus elevating FLOKI\u2019s profile in traditional financial markets.<\/p>\n
Currently, Dogecoin remains the only other memecoin with a live ETP, although that product is traded on Sweden\u2019s Spotlight Stock Market; the team notes that listing on Switzerland\u2019s exchange has the potential to draw broader attention from both institutional and retail investors seeking regulated access to crypto assets.<\/p>\n
\u201cWhen it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to get exposure to FLOKI in a regulated way. This is a big move that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the WORLD, with a live ETP –and Floki could become the next memecoin with an ETP besides Dogecoin,\u201d the DAO proposal stated.<\/p>\n
While many details remain under wraps due to nondisclosure agreements, the team further revealed that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn \u201cif there is enough third-party liquidity in the ETP\u201d later on.<\/p>\n
This news comes on the heels of a recent meeting of the Commodity Futures Trading Commission\u2019s Global Markets Advisory Committee, where the memecoin was used as a \u201ccase study of a utility token.\u201d Observers have noted that any regulatory attention\u2014particularly of this kind\u2014can boost a token\u2019s credibility in a market that remains sensitive to compliance signals.<\/p>\n
The DAO-centric approach continues to be a cornerstone of the token\u2019s philosophy, with frequent community votes and proposals shaping the project\u2019s direction. Members have consistently backed initiatives focused on increasing recognition of the memcoin, which the team says aims \u201cto be the world\u2019s most known and most used cryptocurrency.\u201d<\/p>\n
Reaction from the wider crypto community has also been enthusiastic. Crypto analyst Shelby, who has a substantial following, SHIB, but FLOKI leading the charge in bridging TradFi and DeFi.\u201d<\/p>\n
At press time, FLOKI was trading at $0.0001798. Thus, the memecoin has reclaimed the 200-day EMA, a crucial line often referred to as a \u201cbull line.\u201d However, the memecoin is still trading below the major resistance area between $0.000205 and $0.000215 (shown in red on the chart). Reclaiming this zone could open the gates for a new run toward the yearly high of $0.000349 from June.<\/p>\n
![\"FLOKI](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/FLOKIUSDT_2024-12-27_13-46-57.png?resize=3628%2C1675\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won \u201coverwhelming\u201d support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposing\u2014a result the team described as the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[72,132,552,1297,1298,1299,1300,899],"class_list":["post-2041","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency-market-news","tag-cryptocurrency-market-news","tag-dogecoin","tag-floki","tag-floki-etp","tag-floki-news","tag-floki-price","tag-floki-price-analysis","tag-flokiusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2041"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2041\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}