Virtune AB Completes Latest Rebalancing of Altcoin Index ETP
Virtune AB Completes Latest Rebalancing of Altcoin Index ETP
Virtune AB (Publ) has recently completed its monthly rebalancing of the Virtune Crypto Altcoin Index ETP. This critical update showcases the ongoing commitment of Virtune to enhance investor access to cryptocurrency investments. The ETP is traded on both Nasdaq Stockholm and Nasdaq Helsinki and aims to provide exposure to a broad spectrum of alternative crypto assets.
Overview of Virtune's Product Portfolio
In addition to the Virtune Crypto Altcoin Index ETP, the company offers a diverse product lineup that includes:
Virtune Stellar 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 Polygon ETP, Virtune Staked Cardano ETP, Virtune Crypto Top 10 Index ETP, Virtune Bitcoin Prime ETP, and Virtune Coinbase 50 Index ETP.
Index Allocation Before and After Rebalancing
As of the latest update, here are the index allocations:
Before Rebalancing (as of July 31):
Stellar: 15.18%, XRP: 13.31%, Chainlink: 12.44%, Avalanche: 12.00%, Litecoin: 11.96%, Uniswap: 11.88%, Cardano: 11.84%, Solana: 11.38%.
After Rebalancing:
Solana: 12.50%, XRP: 12.50%, Cardano: 12.50%, Avalanche: 12.50%, Chainlink: 12.50%, Litecoin: 12.50%, Stellar: 12.50%, Uniswap: 12.50%.
Market Performance Insights
The crypto landscape saw remarkable growth during July, with the Virtune Crypto Altcoin Index ETP achieving an impressive performance of +37.89%. Stellar and XRP were the standout performers, showing remarkable increases of 68.7% and 35.0%, respectively. Uniswap also made notable gains, rising by 31.1%. Cardano and Chainlink contributed significantly as well, with respective gains of 29.3% and 26.7%. Furthermore, Avalanche and Litecoin increased by 25.1% and 23.4%, while Solana rose by 11.3%. This performance underscores the dynamic movements within the altcoin market during the month.
Understanding the Virtune Crypto Altcoin Index ETP
The Virtune Crypto Altcoin Index ETP holds the distinction of being the first of its kind in the Nordic region, including a selection of up to 10 leading alternative crypto assets while deliberately excluding Bitcoin and Ethereum. Each asset within the index is given an equal weight, ensuring diversified exposure and reducing the risk associated with over-concentration in any single cryptocurrency.
Engaging with Investors
For institutional investors interested in learning more about how Virtune's ETPs can align with their asset management strategies, the company encourages direct outreach. Potential investors can connect by email at hello@virtune.com. Additionally, for further insights and to stay updated on forthcoming ETP launches, visits to www.virtune.com are encouraged.
Company Overview and Commitment to Innovation
Virtune is positioned as a regulated digital asset manager based in Stockholm, providing innovative crypto exchange-traded products on regulated European exchanges. By emphasizing regulatory compliance and fostering strategic partnerships within the industry, Virtune aims to empower investors with advanced investment solutions that reflect the evolving crypto market.
Frequently Asked Questions
What is the Virtune Crypto Altcoin Index ETP?
The Virtune Crypto Altcoin Index ETP is an exchange-traded product that provides exposure to a range of altcoins, promoting diversification beyond Bitcoin and Ethereum.
How often does Virtune rebalance its Crypto Altcoin Index ETP?
Virtune performs monthly rebalancing of its Crypto Altcoin Index ETP to maintain equal-weighted exposure to the included altcoins.
What are the major altcoins included in the latest rebalancing?
The latest rebalancing highlighted altcoins such as Stellar, XRP, Cardano, and others, ensuring investors have a diversified portfolio.
Where is Virtune AB headquartered?
Virtune AB is headquartered in Stockholm, Sweden, operating as a regulated digital asset manager and ETP issuer.
How can investors learn more about Virtune's offerings?
Investors can learn more about Virtune's products and stay updated by visiting their website at www.virtune.com.
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