Mix in the oil, eggs and sugar until a thick foam, stir in the flour and coconut flakes mixed with baking powder, then stir in the eggnog and chocolate sprinkles.
Pour the dough into a prepared Gugelhupf pan and bake in the preheated oven at 160 ° hot air for about 45 minutes (stick test).
Prepare a thin glaze from powdered sugar and eggnog, coat the hops with this and sprinkle with coconut flakes.