Updates on Virtune's Crypto Index ETP and Recent Rebalancing
Virtune Completes Monthly Rebalancing of Crypto Index ETP
Virtune AB (Publ) has taken a significant step by completing the monthly rebalancing for its Virtune Crypto Top 10 Index ETP, recognized as the first crypto index ETP in the Nordic region. This latest rebalancing illustrates Virtune's commitment to maintaining an up-to-date and effectively diversified investment offering in the rapidly evolving crypto market.
Overview of the Virtune Crypto Top 10 Index ETP
The Virtune Crypto Top 10 Index ETP is listed on Nasdaq Stockholm and is available in two denominations: SEK (ISIN code SE0020052207, ticker name VIR10SEK) and EUR (ISIN code SE0020052215, ticker name VIR10EUR). This product is designed to allow investors to access a variety of major cryptocurrencies, thereby diversifying their investment portfolio.
Current Product Portfolio
In addition to the Crypto Top 10 Index ETP, Virtune offers a broad asset portfolio, which includes:
- Virtune Bitcoin ETP
- Virtune Stellar ETP
- Virtune Staked Ethereum ETP
- Virtune Staked Solana ETP
- Virtune Staked Polkadot ETP
- Virtune XRP ETP
- Virtune Avalanche ETP
- Virtune Litecoin ETP
- Virtune Chainlink ETP
- Virtune Arbitrum ETP
- Virtune Staked Polygon ETP
- Virtune Staked Cardano ETP
- Virtune Crypto Altcoin Index ETP
- Virtune Bitcoin Prime ETP
- Virtune Coinbase 50 Index ETP
- Virtune Staked Near ETP
Index Allocation Before and After Rebalancing
As part of the recent update, the index allocation prior to rebalancing on August 28 consisted of:
- Ethereum: 37.52%
- Bitcoin: 36.62%
- XRP: 12.15%
- Solana: 7.89%
- Cardano: 2.10%
- Chainlink: 1.18%
- Stellar: 0.82%
- Avalanche: 0.71%
- Litecoin: 0.59%
- Uniswap: 0.43%
Following rebalancing on August 29, the new allocations are:
- Bitcoin: 40.00%
- Ethereum: 35.17%
- XRP: 11.86%
- Solana: 6.77%
- Cardano: 2.12%
- Chainlink: 1.19%
- Stellar: 0.86%
- Bitcoin Cash: 0.76%
- Avalanche: 0.67%
- Litecoin: 0.60%
During the rebalancing process, Uniswap was removed from the index, and Bitcoin Cash was subsequently added, demonstrating Virtune’s proactive approach to align with prevailing market trends. Notably, the Virtune Crypto Top 10 Index ETP SEK has shown a performance increase of +3.99% for the month.
Importance of Monthly Rebalancing
The monthly rebalancing of the Virtune Crypto Top 10 Index ETP is crucial. It ensures that the fund continues to reflect current market conditions while effectively absorbing the inherent volatility of the crypto market. By adjusting the allocations in accordance with performance metrics, Virtune promotes a balanced investment strategy that benefits its investors.
About Virtune
Virtune stands as a pioneer in the Nordic region’s digital asset management landscape. It is renowned for being a regulated issuer of crypto exchange-traded products on esteemed European exchanges. By establishing compliance with regulations and forming strategic partnerships with industry leaders, Virtune equips global investors with access to well-crafted and innovative investment products. This adaptability aligns with the dynamic nature of the digital asset market, driving investor engagement and satisfaction.
Contact Information
If you are an institutional investor seeking to explore the opportunities presented by Virtune’s ETPs or would like to learn more about the company and its products, please contact:
Christopher Kock
CEO, Virtune AB (Publ)
Email: Christopher@virtune.com
Phone: +46 70 073 45 64
Frequently Asked Questions
What is the Virtune Crypto Top 10 Index ETP?
The Virtune Crypto Top 10 Index ETP is an investment product that tracks the performance of the top ten cryptocurrencies, allowing investors to gain exposure to the crypto market.
What does monthly rebalancing entail?
Monthly rebalancing involves adjusting the allocations of assets in the index to reflect current market conditions and performance metrics.
What performance did the ETP achieve last month?
The Virtune Crypto Top 10 Index ETP SEK reported a performance increase of +3.99% for last month.
How can investors contact Virtune for more information?
Investors can reach out to Virtune directly via email at Christopher@virtune.com or by calling +46 70 073 45 64.
What sets Virtune apart in the crypto investment space?
Virtune is recognized as the first regulated digital asset manager in the Nordics, providing diverse ETP options while ensuring regulatory compliance and strategic industry partnerships.
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