Virtune, a Swedish regulated crypto asset manager, has unveiled Finland’s first crypto Exchange Traded Products (ETPs) on Nasdaq Helsinki, marking a groundbreaking moment for Finnish investors and the Nordic financial markets.
The firm highlighted that these ETPs provide Finnish investors with a secure and straightforward way to access crypto assets through well-established financial instruments denominated in Euros. The ETPs are now available for trading in Euros and can be accessed via Nordic financial institutions, including Nordnet and other major brokers.
Pioneering Milestones for Finland’s Financial Markets
This launch opens Finland’s EUR20.5 billion ETP market to crypto assets, offering regulated access for Finnish investors to trade crypto through their existing brokerage accounts for the first time. According to Virtune, it is the largest simultaneous crypto ETP launch on a regulated market in Nordic history, featuring five distinct products.
The listed ETPs include the first regulated staked ETPs available to Finnish investors, where staking rewards are incorporated into the ETP’s daily price, enhancing potential returns.
The five listed ETPs
Virtune’s five EUR-denominated ETPs include:
- Virtune Bitcoin ETP (VIRBTCE): Offers direct exposure to Bitcoin.
- Virtune Staked Ethereum ETP (VIRETHE): Combines exposure to Ethereum with staking benefits for increased annual returns.
- Virtune XRP ETP (VIRXRPE): Provides exposure to XRP.
- Virtune Staked Solana ETP (VIRSOLE): Combines Solana exposure with staking benefits, offering an additional 3% annual return.
- Virtune Crypto Altcoin Index ETP (VIRALTE): An equal-weighted basket of up to 10 alternative cryptocurrencies, excluding Bitcoin and Ethereum, with monthly rebalancing.
Leadership Perspectives
Christopher Kock, CEO of asset manager, expressed enthusiasm for the launch:
“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. These EUR-denominated listings on Nasdaq Helsinki mark a crucial milestone in our journey to becoming the leading crypto asset manager in the Nordics.”
Helena Wedin, European Head of Exchange Traded Products at Nasdaq, remarked on the partnership:
“As a first mover in the Crypto ETP market, we are excited to expand our listing and trading services to Nasdaq Helsinki. Virtune’s innovative products provide local investors with transparent access to alternative investments in a regulated marketplace.”
Henrik Husman, President of Nasdaq Helsinki, echoed this sentiment:
“We are pleased to launch this new segment at Nasdaq Helsinki with the asset manager as the first issuer, offering Finnish investors regulated access to crypto assets.”
Liquidity and Market Support
Virtune’s ETPs are 100% physically backed, fully collateralized, and supported by active liquidity provision from Flow Traders, ensuring smooth market operations.
This launch cements the asset manager’s position as a leader in the European crypto asset management space while expanding opportunities for Finnish investors to participate in the rapidly evolving crypto market.
