Derived from CoinTelegraph, Floki DAO has proposed using part of its treasury to launch an exchange-traded product (ETP) in Europe, aiming to provide institutional investors with exposure to the memecoin Floki. The proposal, submitted on December 25, suggests allocating a portion of 16 billion FLOKI, valued at $2.8 million, as liquidity for the ETP. As of now, 140 votes support the proposal, with none against, and the voting will conclude at 11:00 UTC on December 27. If approved, Floki will become the second memecoin, after Dogecoin, to have a registered ETP. The Floki ETP is expected to be tradable on the SIX Swiss Exchange by early Q1 2025. Despite the proposal, Floki's price has decreased by 6.2% over the past week, though it has seen a 400% increase since the start of the year.
Floki DAO Proposes Liquidity for ETP in Europe, Vote Ends Dec. 27
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