Crypto ETPs Arrive in Finland: Virtunes Bold Move on Nasdaq Helsinki
Key Takeaways
- Virtune becomes the first to launch crypto ETPs in Finland, debuting on Nasdaq Helsinki.
- The launch includes five ETPs, exposing Bitcoin, XRP, Ethereum, Solana, and altcoins.
- These products mark a historic milestone, expanding the 20.5 billion Finnish ETP market into crypto assets.
Virtune, a Swedish-regulated crypto asset manager, has unveiled Finlands first-ever crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This is a historic milestone for licensed Finnish investors in the class of investment opportunities. The products will now be made available in euros via major Nordic brokers such as Nordnet, with seamless integration into their current brokerage accounts.
The five innovative products that will be launched include the Virtune Bitcoin ETP, Virtune XRP ETP, Virtune Staked Solana ETP, Virtune Staked Ethereum ETP, and Virtune Crypto Altcoin Index ETP. These listings are important in the sense that they are the first crypto ETPs in Finland and among the first to break ground in the Nordic financial markets.
For instance, the Virtune Staked ETPs currently offer staking rewards as a way of making the returns more lucrative to investors by way of including them directly into their pricing. This marks an important step in building ther vision as a leading Nordic crypto asset manager, said Christopher Kock, CEO of Virtune.
A Boost for Finlands Crypto ETP Market
The launch brings crypto assets into Finlands 20.5 billion ETP market, making it more attractive to the modern investor. All of Virtunes products are fully collateralized and physically backed to ensure very high standards of security and reliability.
One of the products, the Virtune Crypto Altcoin Index ETP, offers exposure to up to ten altcoins, excluding Bitcoin and Ethereum, and rebalances monthly to maintain equal weight.
According to Nasdaq Helsinki President Henrik Husman, these ETPs offer investors alternative assets with an additional advantage in the transparency of a regulated market. The rollout underlines the commitment of Nasdaq Helsinki to innovation in financial services.
Liquidity and Market Confidence
All Virtune ETPs will benefit from liquidity provision for robust trading and reliability by Flow Traders, a global leader in market making, ensuring tight spreads and consistent trading volumes, which are important features of investor confidence.
Helena Wedin, European Head of Exchange Traded Products at Nasdaq, said:
We have been fortunate to be able to build a strong position in Europe with a market share of around 23%. We are now excited to be able to, with Virtune as the first issuer, extend our listing and trading service to Nasdaq Helsinki, providing local access to these products
This pioneering launch added not only to the footprint in Virtune but also opened doors to integrating crypto assets into traditional financial ecosystems, further placing Finland into the very heat of the battle in the field of digital assets.
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Read more: https://www.tronweekly.com/crypto-etps-arrive-in-finland-virtunes/
Text source: TronWeekly
