Swedish regulated crypto asset manager Virtune has taken a significant step in the Finnish market by launching the first cryptocurrency exchange-traded products (ETPs) on Nasdaq Helsinki. This move opens up new opportunities for local investors, providing them with a secure and convenient way to invest in cryptocurrencies through trusted financial instruments denominated in euros.
Virtune makes history as the first company to list cryptocurrency ETPs on Nasdaq Helsinki, launching several products that mark a significant event for the country’s financial industry. These crypto ETPs are now available through major financial institutions in Scandinavia, including Nordnet and other reputable brokers.
Key Moments of the Launch
The introduction of crypto ETPs on Nasdaq Helsinki is a landmark event for the Finnish financial market as it is the first instance of crypto assets being made available for trading through such financial instruments in the country. Additionally, this is the largest simultaneous launch of cryptocurrency ETPs in Northern Europe’s history, with five distinct products hitting the market.
Of particular note is the launch of the first regulated staking ETPs available to Finnish investors, where staking rewards are reflected in the daily pricing of the products.
Virtune’s Products
Virtune introduced five ETPs that provide access to major cryptocurrencies while offering additional opportunities for earning through staking. All of the company’s products are 100% physically backed by assets, which increases their appeal and safety for investors.
– Virtune Bitcoin ETP (VIRBTCE): Access to Bitcoin.
– Virtune Staked Ethereum ETP (VIRETHE): Access to Ethereum with staking opportunities, offering additional returns on investments.
– Virtune XRP ETP (VIRXRPE): Access to XRP.
– Virtune Staked Solana ETP (VIRSOLE): Access to Solana with staking opportunities and an additional 3% annual return.
– Virtune Crypto Altcoin Index ETP (VIRALTE): Access to a basket of 10 leading altcoins, excluding Bitcoin and Ethereum, with monthly rebalancing of assets.
Benefits for Investors
The launch of crypto ETPs on a regulated market in Finland opens up new opportunities for local investors, providing them with a convenient and safe way to invest in cryptocurrencies. Finnish investors can now trade these products in euros through major brokerage platforms, simplifying the process and reducing risks.
Christopher Cook, CEO of Virtune, commented: “We are proud to be the first in Northern Europe to offer regulated crypto ETPs. We believe in the importance of a safe and regulated approach to cryptocurrencies, and these listings on Nasdaq Helsinki are a significant step in our mission to accelerate the adoption of cryptocurrencies as an asset class.”
Growth Prospects for Virtune
Since its first crypto ETP listing on Nasdaq Stockholm in May 2023, Virtune has rapidly gained trust among investors in Northern Europe. Today, the company manages assets totaling over $310 million and serves more than 110,000 investors.
Helena Wedin, European Head of Exchange-Traded Products at Nasdaq, stated: “As the first issuer of crypto ETPs on Nasdaq Helsinki, we are excited to expand our services and provide investors with easy access to these innovative products.”
Looking Ahead
Virtune continues to expand its capabilities and actively develop the crypto asset market in Europe. With growing interest in cryptocurrencies and DeFi, the launch of these products on a regulated market offers new opportunities for investors.
Henrik Husman, President of Nasdaq Helsinki, added: “The launch of crypto ETPs on a regulated market is a significant step in the development of alternative investments. We are excited to partner with Virtune and provide investors the opportunity to participate in this new segment.”
About Virtune
Virtune is a Swedish regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has seen rapid growth in Northern Europe since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages assets worth over $310 million and has earned the trust of more than 110,000 institutional and retail investors.
Since its inception, Virtune has prioritized investor protection, and its success is based on its transparent, regulated approach and commitment to educating the market on crypto assets and ETPs.
