- Virtune has made history in Northern Europe by listing Bitcoin, XRP, and ETH ETPs.
- The products will be listed on the Finnish Nasdaq Helsinki Stock Exchange.
Virtune, a leading Swedish regulated cryptocurrency asset manager, has successfully listed five exchange-traded cryptocurrency products (ETPs) on Nasdaq Helsinki, Finland. Products include top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRPSolana (SOL) and altcoins.
The launch represents a major milestone for Finland as it represents the country’s first exchange-traded cryptocurrency products. It is also the largest launch of exchange-traded cryptocurrencies on a regulated market in Nordic countries such as Denmark, Finland, Iceland, Norway and Sweden.
Exchange-traded cryptocurrency products expose Finnish investors to cryptocurrencies
By leveraging existing financial instruments, the funds make it easier for Finnish investors to invest in cryptocurrencies directly in euros. Finland has a thriving exchange-traded fund market worth approximately €20.5 billion (more than $21 billion). However, the new launch will expand the market to include cryptocurrency opportunities for local investors with the use of their existing brokerage accounts.
Virtue was mentioned in A press release The five different exchange-traded products are all financially backed and fully insured. Exchange-traded products actively attract liquidity support from global market leader Flow Traders. These measures ensure tight spreads, ensure smooth and reliable trading volumes, and enhance investor confidence. Furthermore, Coinbase is the custodian, ensuring maximum security for investors.
These five euro-denominated exchange-traded products include the Virtune Bitcoin ETP (VIRBTCE), which provides exposure to Bitcoin, and the Virtune Staked Ethereum ETP (VIRETHE). The latter gives investors exposure to Ethereum as well as signing benefits.
There is also the Virtune XRP ETP (VIRXRPE), which offers exposure to XRP and Verton Staked Solana ETP (Versol). Besides providing exposure to Solana, the Virtune Staked Solana ETP includes signing benefits with an additional 3% annual yield.
The fifth product, Virtune Crypto Altcoin Index ETP (VIRALTE), tracks the 10 major altcoins, excluding Bitcoin and Ethereum. The product is rebalanced monthly, resetting holdings to equal weight.
Investors can now access exchange-traded products through major financial institutions in the Nordic countries, including Nordnet and other authorized brokers.
Virtune’s launch of an exchange-traded cryptocurrency producer in Finland positions the company as a leader in regulated cryptocurrency investment solutions. The asset manager is leading the way in making investments in cryptocurrencies accessible, reliable and mainstream.
Beyond Virtue: Growth in Traded Products in Europe
The recent launch of Virtune reinforces a broader surge in exchange-traded cryptocurrency products across Europe. Industry experts attribute this increase to growing interest from institutional and retail investors looking for regulated ways to gain exposure to cryptocurrencies.
like shown In our recent blog post, Bitwise Asset Management announced the listing of its new Bitwise Aptos Scking ETP on the Swiss Stock Exchange. The ETP fits Bitwise’s goal of providing European investors with access to forward-looking blockchain projects.
In addition to this project, Bitwise announced the Solana Scking ETP in Europe. The product, which debuted on the Xetra listing of the Frankfurt Stock Exchange in Germany, offers an annual return of 6.48% to investors. like Mentioned In our previous roundup, this yield surpassed European rivals such as 21Shares, which offers 5.49%.
These developments demonstrate, among other things, the wide range of possibilities accessible in the European exchange-traded cryptocurrency sector. The launch of Virtune’s ETP may pave the way for wider adoption of cryptocurrencies in the Nordic market.
Source: https://www.crypto-news-flash.com/virtune-to-list-crypto-etps-on-nasdaq-helsinki/?utm_source=rss&utm_medium=rss&utm_campaign=virtune-to-list-crypto-etps-on -Nasdaq Helsinki