Virtune's Efficient ETPs: Transition to New Calculation Agent
Virtune Transitions to ETFBook for ETP Calculations
In an evolving landscape of digital assets and financial products, clarity and efficiency are paramount. Virtune has announced a significant change in its handling of ETPs. Effective from March 3, 2025, the company will transition its ETP Calculation Agent from Ultumus to ETFBook. This agent plays a crucial role in the financial ecosystem, being responsible for calculating and distributing Portfolio Composition Files (PCFs) to various counterparties.
Understanding the Change in Calculation Agents
What does this shift mean for investors? Simply put, it represents a commitment to optimizing the way Virtune manages its ETP products. The change to ETFBook aims to streamline the calculation and distribution processes, ultimately allowing for better efficiency in tracking and trading the underlying assets of these products.
Why Switch from Ultumus to ETFBook?
The decision to move to ETFBook is rooted in a desire for enhanced service and improved operational capabilities. ETFBook, owned by SquaredData GmbH, brings with it a wealth of experience and technology tailored to the current demands of digital asset management. This transition is designed to increase the reliability and accuracy of PCF calculations, which are essential for the smooth trading of ETPs.
What ETPs Are Affected?
This change specifically impacts all Virtune ETPs, which encompass a diverse range of assets. Some of the products that will now operate under the guidance of ETFBook include:
- Virtune Bitcoin ETP (ISIN: SE0020845709)
- Virtune Staked Ethereum ETP (ISIN: SE0020541639)
- Virtune Staked Solana (ISIN: SE0021309754)
- Virtune Staked Polkadot ETP (ISIN: SE0021148129)
- Virtune XRP ETP (ISIN: SE0021486156)
- Virtune Avalanche ETP (ISIN: SE0022050092)
- Virtune Chainlink ETP (ISIN: SE0021149259)
- Virtune Arbitrum ETP (ISIN: SE0021310133)
- Virtune Staked Polygon ETP (ISIN: SE0021630217)
- Virtune Staked Cardano ETP (ISIN: SE0021630449)
- Virtune Crypto Altcoin Index ETP (ISIN: SE0023260716)
- Virtune Crypto Top 10 Index ETP SEK (ISIN: SE0020052207)
- Virtune Crypto Top 10 Index ETP EUR (ISIN: SE0020052215)
Anyone invested in these products can feel confident knowing that Virtune remains committed to ensuring optimal service throughout the transition.
Impact on Investors
Importantly, this change will not disrupt existing investments for users of Virtune’s ETPs. Investors are not required to take any action, as the transition is expected to be seamless, making it just one of the many enhancements Virtune is implementing to ensure a robust investment experience.
Connecting with Virtune
For any questions or clarifications regarding this change, investors can reach out to the primary contact, Christopher Kock, at Virtune AB. The company encourages open communication to ensure that all stakeholders are well-informed and comfortable.
About Virtune
Virtune operates as a regulated digital asset manager with its headquarters in Stockholm. With a keen focus on innovation in the digital space, the company positions itself as a leader in the creation and distribution of cryptocurrency exchange-traded products on regulated exchanges across Europe. This latest enhancement in operational strategy showcases Virtune’s dedication to providing cutting-edge investment products while maintaining regulatory compliance.
As the landscape of cryptocurrency investments evolves, Virtune continues to prioritize both the interests of its investors and the integrity of its products, ensuring that they meet the dynamic requirements of the market.
Frequently Asked Questions
What is the role of the ETP Calculation Agent?
The ETP Calculation Agent is responsible for calculating and distributing important financial documents known as Portfolio Composition Files (PCFs) to counterparties.
Why is Virtune changing its ETP Calculation Agent?
This change aims to enhance operational efficiency and improve the accuracy of PCF calculations, ensuring better service for investors.
Will this change affect my investments in Virtune's ETPs?
No, investors should not expect any disruption or action required on their part as a result of this transition.
Who is the new ETP Calculation Agent?
The new ETP Calculation Agent is ETFBook, which is owned by SquaredData GmbH.
How can I contact Virtune for more information?
Investors can contact Christopher Kock via email at Christopher@virtune.com or by phone at +46 70 073 45 64 for any questions or clarifications.
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