Floki Price Increased by 23%: Europe's First FLOKI ETP Launched

Floki's Price is Rising

Floki (FLOKI) price has increased by about 23% in the last 24 hours following the launch of the Valour Floki SEK ETP, the first exchange-traded product (ETP) in Europe. The new product started trading on October 3 on Sweden's Spotlight Stock Market.

Valour has developed this ETP, allowing retail and institutional investors to gain access to the FLOKI token without holding the cryptocurrency directly. As a result, Floki has become the first token to have an ETP under the BNB Chain ecosystem. This demonstrates that Floki has achieved a significant success in the market, which is primarily valid for BNB.

Floki is a cryptocurrency project that exists on both the Ethereum and BNB chains. Within its ecosystem, it features a play-to-earn (P2E) based non-fungible token (NFT) game, a DeFi (decentralized finance) asset lock, an NFT marketplace, and a crypto education platform.

The launch of the ETP coincided with a renewed momentum in BNB Chain projects. Within this week, BNB exceeded the $1,150 level, reaching its all-time high, followed by a correction just below this level.