Virtune's Monthly Rebalancing Update for Crypto Index ETP
Virtune's Latest Monthly Rebalancing Results
Virtune AB (Publ) has successfully completed its monthly rebalancing of the Virtune Crypto Top 10 Index ETP, a pioneering product in the Nordic region that offers exposure to the top cryptocurrencies based on market capitalization.
Understanding the Virtune Crypto Top 10 Index ETP
This innovative ETP, listed on Nasdaq Stockholm under two different denominations, allows investors to access a basket of leading cryptocurrencies without the high risk of single-asset investments. The SEK-denominated ETP is identified by the ISIN code SE0020052207 and ticker name VIR10SEK, while the EUR-denominated counterpart is assigned ISIN SE0020052215 and ticker VIR10EUR.
Current Index Allocation
As of the end of June, the index underwent a rebalance which adjusted the allocations of its constituent assets. Prior to rebalancing, Bitcoin held a significant weight of 42.02%, followed closely by Ethereum at 30.73%. Other assets included XRP, Solana, Cardano, and several others, with varying percentages contributing to the overall index.
Allocation Before Rebalancing
Before the rebalance, the allocations were as follows: Bitcoin: 42.02%, Ethereum: 30.73%, XRP: 13.36%, Solana: 8.21%, and other assets such as Cardano and Chainlink holding much smaller percentages.
Allocation After Rebalancing
Post-rebalancing, these allocations shifted slightly. Bitcoin was decreased to 40.00%, whereas Ethereum was adjusted to 32.33%. Interestingly, while the top two assets experienced a change in their weightings, the lower-ranking assets such as Chainlink and Avalanche maintained their positions, with Avalanche witnessing a significant drop in value.
Market Performance Insights
The performance of the top cryptocurrencies in June was mixed, with Uniswap leading the pack demonstrating growth of 17.8%. Following Uniswap were XRP and Bitcoin, both of which experienced positive returns. Unfortunately, Ethereum and several other assets reported declines, reflecting the volatile nature of the crypto market.
Top Performers
Top performers included Uniswap with a 17.8% increase, XRP at 2.95%, and Bitcoin rising by 2.40%. This showcases the significant variance in asset performance, highlighting the need for diverse investment strategies in the cryptocurrency ecosystem.
Bottom Performers
Conversely, Avalanche and Cardano faced considerable losses of -13.7% and -16.6%, respectively. Such fluctuations emphasize the inherent volatility and the necessity for strategic rebalancing within the index.
Opportunities for Investors
For institutional investors interested in capitalizing on this evolving asset class, Virtune provides an array of cryptocurrency products that cater to diverse investment strategies. Engaging with Virtune can unveil numerous opportunities for asset managers looking to enhance their offering with innovative ETPs.
Contact and Further Information
If you are keen on learning more about Virtune's offerings and how these ETPs can integrate into broader asset management strategies, reach out to us. Our team is always eager to discuss new opportunities for investors keen to explore this dynamic market.
Frequently Asked Questions
What is the Virtune Crypto Top 10 Index ETP?
The Virtune Crypto Top 10 Index ETP is an investment product that tracks the performance of the top ten cryptocurrencies based on market capitalization.
How often does Virtune rebalance its Crypto Index ETP?
Virtune rebalances its Crypto Index ETP on a monthly basis to reflect current market conditions and manage asset volatility.
What assets are included in the Virtune Crypto Top 10 Index?
The index includes major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and others, ensuring broad market exposure.
How can I invest in Virtune's Crypto ETPs?
Investors can purchase Virtune's ETPs through their stock broker, similar to buying shares of a company.
Who can I contact for more information?
For inquiries, you can contact Christopher Kock, CEO of Virtune AB, via email at Christopher@virtune.com or by phone at +46 70 073 45 64.
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