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FLOKI Poised To Follow Dogecoin In Memecoin ETP Ranks After DAO Nod

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FLOKI Poised To Follow Dogecoin In Memecoin ETP Ranks After DAO Nod - NewsBTC

Quick Summary:

Related Reading: FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny Currently, Dogecoin remains the only other memecoin with a live ETP, although that product is traded on Sweden’s Spotlight Stock Market; the team notes that listing on Switzerland’s exchange has the potential to draw broader attention from both institutional and retail investors seeking regulated access to crypto assets.

Related Reading: Floki Inu Warning: Analyst Says Prepare For The Crash’ – Details This news comes on the heels of a recent meeting of the Commodity Futures Trading Commission’s Global Markets Advisory Committee, where the memecoin was used as a "case study of a utility token.” Observers have noted that any regulatory attention—particularly of this kind—can boost a token’s credibility in a market that remains sensitive to compliance signals.

FLOKI Aims To Mirror Dogecoin 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 "a respected Asset Manager and an ETP Issuer.” 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’s profile in traditional financial markets.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 21:00:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 63 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24702506

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

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News Last Updated: 12 hours ago

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