Floki Exchange-Traded Product (ETP) Proposal Prompts Traders to Predict Bullish Price Action

Floki's FLOKI/USD proposal to launch a Floki Exchange-Traded Product (ETP) has prompted traders to predict bullish price action.

Floki’s FLOKI/USD traders are buzzing after the meme coin announced a proposal to launch a Floki Exchange-Traded Product (ETP).

Here's what traders are saying about the development and what to expect from FLOKI in the coming months.

Floki ETP Launch Prompts Bullish Predictions Crypto trader Javon Marks observed that FLOKI is displaying bullish momentum as it trades close to a critical resistance level of $0.0002761.

A breakout from this level could see FLOKI rally 50% to hit resistance at $0.0005467, marking a +200% upside from current levels.

Chart: TradingView Another trader, who goes by the handle Inmortal, highlighted Floki's active development among meme coins, suggesting that it is “ready to lead the next leg up.” Only memecoin that whenever you look at it is always working on something.

Ready to lead the next leg up.

$FLOKI https://t.co/lxoFN8vXiA pic.twitter.com/cLOsBgJ6jO Meanwhile, TheCryptoBull speculated that Floki's ETP launch might set the stage for further ETF discussions in 2025. Floki ETP might lead to Meme ETF talks in 2025. good luck everyone!

$DOGE $SHIB $ELON $BABY $BONK $BTC $ETH

Floki to the moon! Floki ETP Launch Details In a proposal on Dec. 25, Floki announced plans to launch an ETP in partnership with an asset manager and ETP issuer.

This move makes Floki the second meme coin, after Dogecoin, to offer a live ETP.

The proposed product is expected to be listed on the SIX Swiss Exchange, Switzerland's largest stock exchange, in early Q1 2025.

Floki's ETP will be available for institutional and retail investors on a primary exchange in a bid to ensure optimal liquidity and price discovery.

Moreover, the product will be fully integrated into the exchange's trading system, benefitting from the bourse's clearing, settlement, and regulatory oversight.

This initiative marks a significant step up in credibility and appeal for Floki's ETP, considering that Dogecoin's ETP is listed on Sweden's Spotlight Stock Market.

The SIX Swiss Exchange boasts a broader reach and is likely to offer greater visibility and trading activity for the Floki ETP.

To fund the ETP’s launch, the Floki team has proposed a DAO vote to allocate liquidity.

Of the 16.3 billion FLOKI tokens that are currently held in a designated 'ETP Launch' wallet, a portion will be used for ETP liquidity, while the remaining tokens will be burned upon the ETP’s launch.

The Floki team's ETP aims to make the cryptocurrency accessible to institutional and retail investors in a secure and regulated manner.

This initiative is designed to bridge the gap between traditional finance (TradFi) and crypto markets, offering a transparent vehicle for holding FLOKI.