FLOKI, PEPE Crypto ETPs Debut on Sweden’s Spotlight Stock Market: Meme Coins Back in Action?

Core Insights - Valour, the ETP arm of DeFi Technologies, has launched 13 new crypto exchange-traded products (ETPs) on Sweden's Spotlight Stock Market, including meme coins FLOKI and PEPE, increasing its total listed products to 99 and solidifying its position as the largest digital asset ETP issuer globally [1][2]. Group 1: Product Launch and Market Position - The newly listed ETPs encompass a variety of sectors, featuring community tokens like FLOKI and PEPE, as well as infrastructure projects such as Optimism, Immutable, and IOTA [2]. - Each ETP is denominated in SEK, carries a management fee of 1.9%, and is accessible through standard brokerage platforms [2]. - The expansion reflects the Nordic market's demand for a diverse range of products while ensuring compliance with institutional standards in risk management and market quality [3]. Group 2: Market Performance of Meme Coins - Despite their launch, FLOKI and PEPE have experienced a decline of over 10% in the past week, with PEPE trading around $0.0000097 and showing weak momentum as indicated by an RSI of 40.82 [4]. - FLOKI is currently priced at $0.00008645 and is within a descending wedge pattern, which typically precedes bullish reversals, although confirmation is needed through a breakout above key resistance levels [5]. - Both meme coins are at critical inflection points, suggesting potential for future investment despite current bearish trends [5].