Virtune AB Expands Crypto Offerings with New ETP Launches
Virtune, a distinguished Swedish regulated digital asset manager, has announced its latest venture in the crypto market with the launch of two new exchange-traded products (ETPs) on Nasdaq Helsinki. The new entries, known as the Virtune Avalanche ETP and the Virtune Staked Cardano ETP, signify an exciting addition to their existing lineup. These new offerings aim to cater to the increasing interest and demand from investors keen on entering the crypto space.
Introducing the New ETPs
Virtune has already made waves in the Finnish market by successfully launching its first batch of crypto ETPs, which includes well-received products like the Virtune Bitcoin ETP and Virtune Staked Ethereum ETP. With the introduction of the Avalanche and Staked Cardano ETPs, Virtune is enhancing its portfolio and ensuring investors have more options to choose from.
Virtune Avalanche ETP Overview
The Virtune Avalanche ETP is designed to provide investors with straightforward exposure to Avalanche, a high-performance blockchain that is gaining significant traction. This ETP offers a remarkable feature – it is 100% physically backed by AVAX, ensuring that investors’ assets are solidly supported.
This product is denominated in EUR, making it easily accessible for Finnish clients through various banks and brokerage firms including Nordnet. Notably, it has an annual management fee of 1.49%, offering a competitive edge in the market.
Key Features of Virtune Avalanche ETP
- 1:1 exposure to Avalanche
- 100% physically backed by AVAX
- Annual management fee set at 1.49%
Virtune Staked Cardano ETP Overview
On the other hand, the Virtune Staked Cardano ETP takes a unique approach by integrating staking rewards to enhance investors' returns. This ETP reflects not only the market price of Cardano but also offers an additional 2% annual return through staking, continuously added and reflected in the daily pricing.
Similar to other Virtune products, it is fully backed by ADA and trades in EUR, appealing to the local investors in Finland. The management fee is also at 1.49%, keeping it competitive within the industry.
Highlights of Virtune Staked Cardano ETP
- 1:1 exposure to Cardano plus 2% extra annual return
- Staking rewards integrated into the daily pricing
- Fully backed by ADA assets
- Management fee of 1.49%
CEO’s Insight
Christopher Kock, the CEO of Virtune, expressed enthusiasm about the new offerings stating, "We are delighted to expand our commitment to the Finnish market by presenting these innovative ETPs. Our Avalanche and Staked Cardano ETPs are designed to meet the growing appetite for cryptocurrency investments, providing secure and reliable options for both institutional and retail investors. By utilizing custodians like Coinbase, we ensure that all assets are kept safe in cold storage, further enhancing trust in our products."
About Virtune AB
Founded in Stockholm, Virtune AB has positioned itself as a leading issuer of regulated crypto ETPs across the European markets. The company prides itself on its adherence to regulatory standards and building partnerships with industry frontrunners, thus creating a strong framework for their offerings. Through this innovative approach, Virtune enables a wider audience to access sophisticated investment options in the rapidly evolving crypto landscape.
For institutional investors, Virtune opens the door to discussions about leveraging these unique investment strategies through their services. Interested parties are encouraged to reach out for more information or to set up a meeting.
Frequently Asked Questions
What are the new ETPs launched by Virtune AB?
Virtune AB has launched the Virtune Avalanche ETP and Virtune Staked Cardano ETP on Nasdaq Helsinki to enhance its product offerings.
How does the Virtune Avalanche ETP benefit investors?
The Avalanche ETP offers 1:1 exposure to Avalanche, ensuring it is 100% physically backed by AVAX, making it a secure investment choice.
What is the annual management fee for Virtune’s ETPs?
Both the Virtune Avalanche ETP and Virtune Staked Cardano ETP have an annual management fee of 1.49%.
How does the Virtune Staked Cardano ETP work?
This ETP combines 1:1 exposure to Cardano and offers an additional 2% annual return through staking rewards, which are integrated into its pricing.
Where can investors purchase these new ETPs?
Investors can purchase Virtune’s ETPs through brokers and banks such as Nordnet, with transactions denominated in EUR.
