FLOKI DAO Approves Liquidity for Floki ETP Launch in 2025

• FLOKI DAO supports the liquidity proposal for Floki ETP, with no votes from the opposition.
• Floki ETP will launch in 2025, becoming the second memecoin ETP on a regulated exchange.
• CFTC recognizes FLOKI as a utility token, boosting its legitimacy in the crypto space.

FLOKI DAO has voted to support the proposal to offer liquidity for the creation of the Floki ETP. The plan entails using a part of the $16.3 billion FLOKI tokens from the community buyback wallet. Some tokens will be used for liquidity provision, while others will be burned. This will decrease the token supply and support the ETP’s successful launch.

Floki ETP Launch in 2025

The Floki ETP is expected to launch in Q1 2025 and will be the second memecoin ETP to be listed on a regulated stock exchange, with the Dogecoin ETP being the first. An asset manager and an ETP issuer are helping establish the Floki ETP. This is a major achievement for Floki and the memecoin space in general.

ETPs are investment products listed on stock exchanges, just like ETFs. They allow investors to invest in assets in a regulated manner. Floki ETP is an attempt to bring Floki tokens into the conventional financial model to enable institutional and retail investors to purchase and store FLOKI.

CFTC Recognition for FLOKI

Besides the proposal approval, the Floki ETP news comes in the backdrop of the Commodity Futures Trading Commission (CFTC) acknowledging the token. In a Global Markets Advisory Committee meeting, the CFTC used FLOKI as an example of a utility token. This recognition further cements FLOKI’s growing legitimacy in the space of cryptocurrencies.

The proposal’s approval is considered a critical factor in enhancing the usage of the Floki ecosystem. This new Floki ETP seeks to extend the restrictions of the traditional finance system and cryptocurrency markets even further. This is expected to attract more investors as they get an avenue to invest in the asset without much regulation risk.

The Floki team is still endeavoring to gain recognition for this currency as one of the most popular. The listing of the Floki ETP is expected to add more credibility among institutional and retail investors, hence improving the token’s standing. It aims to strengthen its integration with the conventional financial system and increase its presence in the larger crypto space.

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