Virtune Finalizes Monthly Rebalancing for Crypto Index ETP
Virtune Crypto Altcoin Index ETP Monthly Rebalancing Update
This month, Virtune AB (Publ) has successfully finalized the monthly rebalancing of its Virtune Crypto Altcoin Index ETP. This product, traded on Nasdaq Stockholm and Nasdaq Helsinki, continues to offer investors exposure to a diverse range of altcoins, separate from Bitcoin and Ethereum.
Overview of Virtune's Altcoin Index
The Virtune Crypto Altcoin Index ETP features an innovative portfolio of digital currencies. As of the end of February, the index includes a variety of altcoins such as:
- Virtune Bitcoin ETP
- Virtune Staked Ethereum ETP
- Virtune Staked Solana
- Virtune Staked Polkadot ETP
- Virtune XRP ETP
- Virtune Avalanche ETP
- Virtune Chainlink ETP
- Virtune Arbitrum ETP
- Virtune Polygon ETP
- Virtune Staked Cardano ETP
- Virtune Crypto Top 10 Index ETP
Rebalancing Details for February
Pre and Post Rebalancing Allocations
The rebalancing process aims to equalize the weight of each asset in the portfolio, allowing investors balanced exposure to the leading altcoins. Before rebalancing, the asset allocation was as follows:
- Litecoin: 20.23%
- XRP: 14.64%
- Cardano: 14.09%
- Uniswap: 13.44%
- Avalanche: 13.25%
- Chainlink: 12.38%
- Solana: 11.96%
After the adjustments, the new allocation became:
- XRP: 14.29%
- Litecoin: 14.29%
- Solana: 14.29%
- Chainlink: 14.29%
- Cardano: 14.29%
- Avalanche: 14.29%
- Uniswap: 14.29%
This equal-weighting structure is designed to mitigate risk by ensuring no single asset overly influences the index's performance.
Market Performance Overview
February presented challenges for the cryptocurrency market, primarily influenced by significant events in the US. The overall performance of the crypto assets within the index showed a notable downturn. Chainlink suffered the steepest decline of 41%, while Uniswap and Solana followed closely with decreases of 36.2% and 36% respectively. In contrast, Litecoin remained resilient, recording only a minor dip of 0.23%.
Here's a brief recap of how each asset performed:
- Litecoin: -0.23%
- XRP: -29.3%
- Cardano: -32.7%
- Avalanche: -35%
- Solana: -36%
- Uniswap: -36.2%
- Chainlink: -41%
About the Virtune Crypto Altcoin Index ETP
The Virtune Crypto Altcoin Index ETP represents a pioneering effort in the Nordic region, focusing on alternative cryptocurrencies excluding Bitcoin and Ethereum. The selection of altcoins included is pivotal to increasing diversification in investor portfolios, allowing for exposure to a wider spectrum of the crypto market.
If you are an institutional investor looking to discuss how Virtune's ETPs could benefit your asset management strategy, we invite you to reach out. Our dedicated team is ready to assist you in exploring the opportunities our ETPs can offer.
Contact InformationChristopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64
Frequently Asked Questions
What is the Virtune Crypto Altcoin Index ETP?
The Virtune Crypto Altcoin Index ETP is a digital product designed to provide exposure to a range of altcoins, helping investors manage their crypto investments effectively.
How does the monthly rebalancing affect my investment?
The monthly rebalancing adjusts the weights of each altcoin to ensure a balanced approach, promoting diversification and potentially optimizing returns over time.
What should I be aware of regarding cryptocurrency investments?
Cryptocurrency investments carry high risks and values can fluctuate significantly. It’s crucial to conduct proper research before investing.
Who can I contact for more information about Virtune?
You can reach out to Christopher Kock at Christopher@virtune.com for inquiries about our ETP offerings.
Where can I find updates on Virtune's products?
Updates and news about Virtune's offerings are available on their official website. Subscribing to their newsletter will keep you informed on future product launches and relevant news.
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