A new era of crypto investing: Virtune launches ETP Avalanche and Cardano on Nasdaq Helsinki

A new era of crypto investing: Virtune launches ETP Avalanche and Cardano on Nasdaq Helsinki

Swedish company Virtune, known for its specialization in digital asset management, has taken a significant step into the field of crypto investing. Virtune Avalanche ETP and Virtune Staked Cardano ETP. These products are now available to both institutional and retail investors through banking institutions.

The announcement of the launch of these ETPs came on Wednesday and follows the successful launch of Virtune's first five cryptocurrency ETPs in Finland. These products include Bitcoin, Ethereum, Solana, Ripple and the Crypto Altcoin Index, demonstrating the growing interest of Finnish investors in digital assets.

"In response to increasing demand, we have decided to expand our offering with two more crypto ETPs on Nasdaq Helsinki," the company said in an official statement. The Virtune Avalanche ETP and Staked Cardano ETP are 100% physically backed and fully collateralized, and are denominated in euros. Investors can purchase these products through various brokers and banks, including Nordnet.

The Virtune Avalanche ETP provides investors with exposure to the Avalanche cryptocurrency, while the Staked Cardano ETP offers the ability to invest in Cardano while benefiting from rewards for bets. "These innovative products are entirely physically backed, with AVAX and ADA safely stored in cold storage with our custodian, Coinbase," said Christopher Kock, CEO of Virtune.

This ETP launch into the regulated Nordic markets is believed to be the largest in Virtune's history. With the opening of the Finnish ETP market, estimated to be worth $21 billion, Virtune has strengthened its position in the cryptocurrency space and contributed to the development of this dynamic market in Europe.

Interest in cryptocurrency ETPs in Europe is steadily growing, accompanied by a significant increase in investment in the second half of 2024. For example, 21Shares has launched three new crypto ETPs on the Euronext exchanges in Paris and Amsterdam, with its most popular product, the Solana Staking (ASOL) ETP, enjoying strong interest. Also, crypto index fund manager Bitwise recently introduced the Solana Staking ETP under the ticker BSOL, offering an attractive annual percentage yield (APY) of 5.49%.

Virtune thus ranks among the leaders in crypto ETPs, and its new products promise exciting opportunities for investors looking for alternative investment options in the rapidly evolving world of digital assets.

*This is not an investment recommendation.

Coingarage team