Virtune AB Enhances Portfolio with Recent Crypto Index Rebalancing
Virtune AB Completes Monthly Rebalancing of Crypto Index ETP
Recently, Virtune AB (Publ) marked a significant step in the evolution of its investments by completing its monthly rebalancing for the Virtune Crypto Top 10 Index ETP. This innovative product is the first of its kind in the Nordic region, offering investors a curated exposure to leading cryptocurrencies.
Details of the March Rebalancing
As of the end of March, Virtune has finalized the rebalancing of both its SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETPs listed on Nasdaq Stockholm. This rebalancing act is vital to ensure that the investments reflect current market conditions accurately.
Current Index Allocations
The index allocation before the recent adjustments included significant percentages of Bitcoin, Ethereum, and XRP. Here's the breakdown of the allocation prior to rebalancing:
- Bitcoin: 42.41%
- Ethereum: 28.10%
- XRP: 15.66%
- Solana: 7.56%
- Cardano: 3.06%
- Chainlink: 1.11%
- Avalanche: 0.96%
- Litecoin: 0.70%
- Uniswap: 0.45%
After rebalancing, the allocation has shifted slightly:
- Bitcoin: 40.00%
- Ethereum: 28.86%
- XRP: 16.39%
- Solana: 8.29%
- Cardano: 2.97%
- Chainlink: 1.14%
- Avalanche: 1.02%
- Litecoin: 0.81%
- Uniswap: 0.51%
Performance Insights
This month's rebalancing was crucial as it followed a period where many cryptocurrencies experienced downward pressure. Bitcoin and XRP showed minor declines of -2.19% and -2.52%, respectively. In contrast, Ethereum faced a more severe drop of -18.4%, while Solana decreased by -15.7%. Remarkably, Cardano stood out as the top performer, with an increase of +4.37% during this timeframe.
Understanding the Virtune Crypto Top 10 Index ETP
The Virtune Crypto Top 10 Index ETP is designed to provide investors exposure to the leading cryptocurrency assets based on their market capitalization. This strategic approach promotes diversification, with no individual crypto asset exceeding 40% of the total index weight, making it an effective choice for those looking to invest in this volatile market without excessive risk.
Engage with Virtune
Virtune welcomes institutional investors to explore the unique opportunities presented by its ETPs. Interested parties are encouraged to reach out to Virtune for discussions regarding asset management solutions and further understand the offerings available in their portfolio.
To connect with Virtune, interested parties can contact:
Christopher Kock, CEO Virtune AB (Publ)
Email: Christopher@virtune.com
Phone: +46 70 073 45 64
Virtune's Commitment to Regulatory Compliance
As a regulated Swedish digital asset manager headquartered in Stockholm, Virtune is dedicated to providing sophisticated investment solutions that adapt to the evolving landscape of the global crypto market. Their expertise, combined with strategic partnerships and adherence to regulatory standards, positions Virtune as a leader in the digital asset management arena.
Investing in cryptocurrencies carries inherent risks, and it is vital that investors conduct their due diligence before making investment decisions. Virtune does not offer investment advice and encourages investors to make informed choices based on thorough assessments.
Frequently Asked Questions
What is the Virtune Crypto Top 10 Index ETP?
The Virtune Crypto Top 10 Index ETP is an investment product that gives exposure to the top ten cryptocurrencies based on market capitalization, designed for diversification.
Why was there a need for rebalancing?
Rebalancing ensures the index remains aligned with current market conditions, adapting to shifts in cryptocurrency performance and volatility.
How does Virtune select cryptocurrencies for its index?
Cryptocurrencies in the index are selected based on their total market capitalization, ensuring a balanced and diversified exposure for investors.
What were the performance outcomes for March?
In March, Cardano was the best performer with a gain of +4.37%, while Ethereum experienced the most significant decline of -18.4%.
How can investors contact Virtune for inquiries?
Investors can reach out to Christopher Kock, the CEO, directly via email at Christopher@virtune.com for any inquiries regarding their ETP offerings.
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