Virtune AB Reveals Monthly Rebalancing of Crypto Index ETP

Virtune AB Completes Crypto Index ETP Rebalancing

Today, Virtune AB (Publ) proudly announces the completion of its monthly rebalancing for the Virtune Crypto Top 10 Index ETP. This ETP is known as the first crypto index ETP to be listed in the Nordic markets, providing an essential service to investors looking to explore digital assets.

Overview of the Crypto Top 10 Index ETP

Listed on Nasdaq Stockholm, the Virtune Crypto Top 10 Index ETP comprises both SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) products. This innovative financial product allows investors to gain exposure to a diversified portfolio of cryptocurrency assets.

What is Included in the Product Portfolio?

Beyond the Crypto Top 10 Index ETP, Virtune offers a range of other products to cater to different investor needs, including: Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, and various staked options like Solana, Polkadot, and Cardano. This broad selection allows investors to tailor their cryptocurrency exposure according to their investment strategies.

Index Allocation Before and After Rebalancing

As of December 30th, the allocation of the index before rebalancing was as follows: Bitcoin led the pack at 40.55%, followed by Ethereum at 34.51%. The allocations included XRP at 9.62%, Solana at 8.95%, and others like Cardano, Avalanche, Chainlink, and Litecoin.

Post-rebalancing, the distributions were slightly adjusted: Bitcoin at 40.00%, Ethereum at 34.84%, and XRP increased to 10.53%. Though there was a change in percentages, the same crypto assets remained included in the index.

Analyzing Market Performance

December brought a mixed bag of results for the cryptocurrency market. While Bitcoin and Ethereum experienced downturns of -3.19% and -10.1%, respectively, some altcoins thrived. Notably, XRP surged by 6.94%, and Chainlink recorded a 5.08% increase, showcasing the volatile nature of the market.

The Importance of Monthly Rebalancing

This monthly rebalancing is crucial as it allows the ETP to more accurately reflect the current market landscape while effectively managing volatility in the typically unpredictable crypto market. This marks the 19th rebalancing since the product's inception on May 15, 2023.

Future Opportunities for Investors

As an institutional investor, if you are interested in discussing the various offerings that Virtune provides or exploring opportunities within crypto asset management, the company encourages you to reach out. The team is excited to engage potential partners in conversation to develop tailored investment strategies.

Contact Information

For inquiries, feel free to reach out to Christopher Kock, CEO of Virtune AB (Publ), at christopher@virtune.com or call +46 70 073 45 64. Virtune is dedicated to ensuring transparency and open communication with its clients.

About Virtune

Headquartered in Stockholm, Virtune is a regulated entity specializing in digital asset management and the issuance of crypto exchange traded products across European regulated exchanges. With a solid foundation of regulatory compliance and collaboration with industry leaders, Virtune aims to empower global investors by providing innovative investment products tailored to the evolving crypto landscape.

Investments in cryptocurrency can be highly volatile. Prospective investors should thoroughly understand the risks involved. Securities can fluctuate significantly, and there is no assurance of recovering invested capital.

Frequently Asked Questions

What is the Virtune Crypto Top 10 Index ETP?

The Virtune Crypto Top 10 Index ETP is an exchange-traded product that allows investors to gain exposure to a diversified portfolio of leading cryptocurrencies.

How does monthly rebalancing affect the ETP?

Monthly rebalancing adjusts the allocations of cryptocurrencies in the index to reflect current market conditions and stability, aiming for optimal performance.

What cryptocurrencies are included in the ETP?

The ETP includes major cryptocurrencies like Bitcoin, Ethereum, XRP, and other top-performing altcoins based on market capitalization.

How can institutional investors learn more about Virtune's offerings?

Institutional investors can reach out directly to Virtune to discuss investment opportunities and learn more about their product portfolio.

Where is Virtune located?

Virtune has its headquarters in Stockholm and operates as a regulated digital asset manager in the European market.

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