FLOKI Makes History With First ETP in Europe as Price Surges 30%

Michael Adeleke
2 hours ago
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FLOKI launches the Valour Floki SEK ETP in Europe, joining elite digital assets as its price jumps 32% and trading volume soars 350%.

Highlights

  • FLOKI becomes the first BNB Chain token to launch an exchange-traded product (ETP) in Europe.
  • The Valour Floki SEK ETP debuted on Sweden’s Spotlight Stock Market, offering regulated exposure to retail and institutional investors.
  • Following the news, FLOKI surged over 30% in 24 hours.

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe. The token responded with this move as it recorded a price rally of over 30%.

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FLOKI Launches Europe’s First BNB Chain ETP

In a recent X post, FLOKI revealed it had secured its first-ever exchange-traded product (ETP) in Europe. This milestone positions the token alongside some of the most recognized digital assets. The product, Valour Floki SEK, officially debuted on Sweden’s Spotlight Stock Market on October 3. This offers both retail and institutional investors regulated exposure to the meme coin.

The listing makes the meme coin the first project from the BNB Chain, outside of BNB itself, to earn a regulated exchange-traded listing in Europe. Industry watchers describe it as a significant step in legitimizing meme coins.

This product launch follows Robinhood’s FLOKI listing on the exchange. This move granted the token access to more than 25 million users on what’s considered the world’s most influential retail trading platform.

Over the past four years, the team has elevated the brand’s presence through global sports sponsorships, billboard campaigns, and partnerships across multiple sectors. 

This update is the most recent from the token’s ecosystem since the confirmation of the Valhalla mainnet launch. This marked a new chapter in its ecosystem development with plans to expand into crypto gaming and broader utility use cases.

The new product is issued by Valour, a firm that already boasts the world’s largest selection of crypto-linked ETPs. In a statement, Valour executives highlighted strong demand from Nordic investors, noting that the new lineup raises their total to over 99 listed products. 

These ETPs are accessible through brokers like Avanza and Nordnet. In essence, this makes it simpler for investors to get exposure without having to deal with the hassles of private keys, wallets, or cryptocurrency exchanges.

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FLOKI Rallies as Market Interest Grows

Following the announcement, the token surged more than 32% in 24 hours, lifting its market capitalization past $1 billion. Its daily trading volume also spiked over 350%, according to CoinMarketCap data.

Source: CoinMarketCap; FLOKI Price Daily Chart

The timing of the meme coin’s surge also coincides with an explosive run for BNB’s new ATH. The token surged to over $1,100, a 30% increase in the past month. As the largest asset on the chain, the token’s rally has historically lifted ecosystem tokens, and this meme coin has benefited from this momentum. 

Analysts suggest that spillover demand from the broader ecosystem is amplifying the upside of the meme coin. The token now stands out as the most prominent BNB-linked meme coin available on major platforms like Binance, Coinbase, and Robinhood.

Crypto analyst Captain Faibik believes FLOKI’s rally is just getting started. Technical patterns indicate a potential for another wave of bullish momentum.

Source: X
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.