During the latest monthly community AMA, a member inquired about how Floki's ETP will benefit the Floki community and draw in new institutional investors.
Core Advisor B (@100bviking) shared insights:
During the latest monthly community AMA, a member inquired about how Floki's ETP will benefit the Floki community and draw in new institutional investors.
Core Advisor B (@100bviking) shared insights:
The introduction of Floki's ETP positions it as only the second memecoin, alongside DOGE, to have this standing, significantly enhancing its attractiveness to institutional investors.
The asset manager behind the ETP will be launching marketing efforts aimed at institutional investors, complementing Floki's initiatives.
For the FLOKI community, an ETP functions similarly to an ETF with some distinctions. By examining the impacts of Bitcoin and Ethereum ETFs, it's evident that they have promoted maturity, facilitated regulated access, and enhanced asset
stability since their inception. Floki is likely to experience similar advantages.
This development will contribute to a perception of Floki as a more mature and stable project, providing easier accessibility in a regulated framework.
Once the ETP is operational, Floki will stand out among memecoins, joining only Dogecoin in this category.
Moreover, several large institutional entities can only invest in regulated assets through an ETP or ETF.
This opens up avenues for brokerages and major banks to introduce Floki to their vast user bases via:
This scenario is unlike traditional centralized exchange listings for random cryptocurrencies; it's a substantial shift with significant potential for Floki!
For more details, check the full AMA.