- Virtune expands its crypto ETP offerings with Avalanche and ADA for Finnish investors.
- Staked Cardano ETP gives investors an additional 2% annual return through staking rewards.
- Virtune’s ETPs are fully backed and securely stored with Coinbase for maximum safety.
Swedish asset manager Virtune has launched two cryptocurrency exchange-traded products in Finland, offering exposure to Avalanche and Cardano. The Virtune Avalanche ETP and Virtune Staked Cardano ETP are now listed on Nasdaq Helsinki, giving investors easier access to these digital assets.
Innovative Crypto Products for Finnish Consumers
The company, a regulated digital asset manager based in Sweden, continues to expand its portfolio with the introduction of two new ETPs. The Virtune Staked Cardano ETP offers investors direct 1:1 exposure to the token along with an additional 2% yearly return through staking rewards. Meanwhile, the Avalanche ETP gives investors direct 1:1 exposure to Avalanche, fully collateralized and physically backed.
These ETPs, denominated in euros, are now available for trading through brokers and banks in Finland, including Nordnet. Buyers can gain exposure to these virtualized assets with the added benefit of secure custody by Coinbase, which ensures the assets are stored in cold wallets.
What Sets Virtune’s ETPs Apart?
The ETPs are fully economically backed, which means the assets they represent are completely collateralized. This ensures that the assets are secure and protected, offering a level of trust that is critical for investors. Furthermore, the Staked ADA ETP provides an incentive through wagering rewards, delivering investors a 2% additional yearly return. Christopher Kock, CEO of Virtune, commented,
Following the successful launch of our first cryptocurrency-based ETPs in Finland, we are pleased to expand our local offering by announcing the listing of the first Avalanche ETP and Staked Cardano ETP on Nasdaq Helsinki.
Related: Virtune Unveils Finland’s First Crypto ETPs on Nasdaq Helsinki
Virtune’s Growing Presence in the Crypto ETP Market
This move comes shortly after the organization introduced five other crypto-themed ETPs in January, including Bitcoin, Staked Ether, and XRP (Virtune ETPs). These products represent the commitment to providing secure investment options for both whole and retail investors in the evolving market.
With this expansion, Virtune continues to solidify its position as a leader in the crypto ETP market, offering products that cater to the demand for digital asset exposure.
