Virtune, the Swedish regulated crypto asset manager, has announced the listing of Finland’s first crypto ETPs on Nasdaq Helsinki.
The firm writes that this makes it easy and secure for Finnish investors to invest in crypto assets through proven and well-established financial instruments in the local currency, adding that the ETPs are now trading in Euro and are accessible to investors through Nordic financial institutions, including Nordnet and other established brokers.
This launch represents several key firsts for Finland’s financial markets, including opening up Finland’s EUR20.5 billion ETP market to crypto assets and offering Finnish investors regulated access to invest in crypto assets through their existing brokerage accounts for the first time.
The launch is the largest simultaneous crypto ETP launch on a regulated market in the Nordics history with five products, the firm writes. These are also the first regulated staked ETPs available to Finnish investors (staking rewards are reflected in the daily price of the ETP).
Christopher Kock, CEO of Virtune, says: “We are thrilled to introduce Finland’s first crypto ETPs and to be the pioneer in bringing secure and regulated crypto ETPs to the Nordic markets. We have been committed from day one in our vision to becoming the leading crypto asset manager in the Nordics and accelerating the adoption of crypto as an asset class. These EUR-denominated listings on Nasdaq Helsinki marks a crucial milestone in our journey.”
All of Virtune’s ETPs are 100 per cent physically backed and fully collateralised. These five EUR-denominated ETPs include:
Virtune Bitcoin ETP (VIRBTCE): Provides exposure to bitcoin.
Virtune Staked Ethereum ETP (VIRETHE): Provides exposure to Ethereum combined with the benefits of staking. With staking incorporated, the ETP offers an increased annual return on the investment made in the ETP.
Virtune XRP ETP (VIRXRPE): Provides exposure to XRP.
Virtune Staked Solana ETP (VIRSOLE): Provides exposure to Solana combined with the benefits of staking. With staking incorporated, the ETP offers an additional 3 per cent annual return on the investment made in the ETP.
Virtune Crypto Altcoin Index ETP (VIRALTE): Offers investors exposure to an equal-weighted basket of up to 10 alternative crypto assets (altcoins), excluding bitcoin and Ethereum. The product is rebalanced monthly, resetting the holdings to equal weight, and existing crypto assets can be excluded and new crypto assets may be included.
“As a first mover in the Crypto ETP market, we have been fortunate to be able to build a strong position in Europe with a market share of around 23 per cent. We are now excited to be able to, with Virtune as first issuer, extend our listing and trading service to Nasdaq Helsinki, providing local access to these products,” says Helena Wedin, European Head of Exchange Traded Products at Nasdaq.
“ETN products provide access to alternative investments while maintaining the transparency of a regulated marketplace, and we are happy to launch this new segment at Nasdaq Helsinki with Virtune as the first issuer,” says Henrik Husman, President of Nasdaq Helsinki.
All the ETPs will have from continued active liquidity provision provided by Flow Traders, the firm writes.
