Floki DAO Approves ETP Launch on SIX Swiss Exchange in Q1 2025 Despite 3.6% Price Dip

Jan 2, 2025, 12:12 AM

The Floki DAO has unanimously voted to launch an exchange-traded product (ETP) in Europe, marking a pivotal development for the memecoin. The ETP is scheduled to debut on the SIX Swiss Exchange in the first quarter of 2025, providing traditional investors with access to Floki, a community-driven cryptocurrency. This initiative is seen as part of a broader trend to legitimize memecoins within institutional finance. Despite this positive development, Floki's price experienced a decline of 3.6% following the announcement, indicating that market reactions can be unpredictable even in the face of significant advancements.