tl;dr
Virtune, a Swedish-regulated crypto asset manager, has listed Finland’s first-ever crypto ETPs on Nasdaq Helsinki. This development opens Finland’s $21 billion ETP market to crypto, offering secure, regulated access to cryptocurrency investments denominated in euros. The launch includes ETPs for Bit...
Virtune, a Swedish-regulated crypto asset manager, has listed Finland’s first-ever crypto ETPs on Nasdaq Helsinki, marking a significant milestone in Finland's financial markets.
Finland's ETP market now includes crypto assets, with Virtune offering fully collateralized and physically backed ETPs. Details of Virtune's ETPs, accessible through major Nordic brokers like Nordnet, provide secure, regulated access to leading crypto assets.
European surge in crypto ETPs contrasts with the US's challenges in adopting altcoin-related ETFs. Virtune's foray into Finland's financial markets signals a new era for crypto investments in the region, potentially inspiring innovation in the Nordic crypto market.
This development opens Finland’s $21 billion ETP market to crypto, offering secure, regulated access to cryptocurrency investments denominated in euros.
The launch includes ETPs for Bitcoin, Ethereum, XRP, Solana, and a Crypto Altcoin Index, all fully collateralized and physically backed. These products are accessible via major Nordic brokers and mark the first regulated staked ETPs in Finland.
With this launch, Finland’s €20.5 billion ETP market (over $21 billion) now includes crypto assets, expanding opportunities for local investors. It marks several key firsts for Finland, including the first crypto ETPs traded on Nasdaq Helsinki.
The products are fully collateralized and physically backed, drawing active liquidity support from leading global market maker Flow Traders.
Details about the ETPs are as follows:
* Virtune Bitcoin ETP (VIRBTCE): Provides exposure to Bitcoin.
* Virtune Staked Ethereum ETP (VIRETHE): Combines Ethereum exposure with staking benefits for enhanced annual returns.
* Virtune XRP ETP (VIRXRPE): Offers exposure to XRP.
* Virtune Staked Solana ETP (VIRSOLE): Includes staking benefits with an additional 3% annual return.
* Virtune Crypto Altcoin Index ETP (VIRALTE): An equal-weighted basket of up to 10 altcoins, excluding Bitcoin and Ethereum, rebalanced monthly.
The products are accessible via major Nordic brokers like Nordnet. It marks the first regulated staked ETPs in Finland, with staking rewards reflected in daily pricing.
Virtune CEO Christopher Kock said the euro-denominated ETPs cater to a growing demand for crypto exposure in a secure, regulated environment.
As the European market advances in the ETP space, the US continues to hold out hope for more crypto ETFs (exchange-traded funds). Besides Bitcoin and Ethereum, the road to additional altcoin-related ETFs has been marred with challenges.
Amidst the change in administration, however, several crypto ETF applications have followed.