Sweden lands its first physically backed multi-asset crypto ETP
Virtune and Vinter launch innovative Digital Asset Index for the next generation of Nordic investors
Stockholm, 2 May 2023, 10.45 CET: Virtune, the Swedish regulated digital asset manager, announces that it will admit to listing the first physically backed multi-asset crypto ETP on Nasdaq Stockholm. ETP tracks the Virtune Vinter Crypto Top 10 Index (VTOP10) built by Swedish BMR index provider Vinter. This ETP is a tried and tested vehicle to gain passive exposure to basic blockchain protocols, as well as practical, a safe entry point for investors. Being physically backed means that all constituents of the ETP are fully collateralized with the underlying crypto assets. The VTOP10 index provides exposure to 85% of the crypto market by investing in the top 10 crypto assets by market capitalization. Its rule-based approach allows Virtune to rebalance the index on a monthly basis and provide dynamic exposure if new coins enter the index. The index has a maximum cap of 40% per constituent to improve diversification. The VTOP10 ETP will be offered to both private and institutional investors and can be traded just like a regular security on the regulated market of the Nasdaq Stockholm exchange.
Vinter and Virtune, two renowned Swedish companies, have made an exciting entry into the Nordic market with the launch of a much-anticipated crypto index product. This local listing, the first since 2015, will be made available on Nasdaq Stockholm, providing easy access to anyone looking to invest in the crypto market. Thanks to its managed crypto index investment strategy, the ETP that has been proven and tested in many European countries is completely transparent. In addition, it is fully backed by tangible cryptocurrencies, ensuring that its value is secure. The innovative launch of this joint Vinter and Virtune collaboration marks an important milestone in the Nordic crypto landscape.
Jacob Lindberg, CEO of Vinter, comments on the partnership: “Introducing the launch of the all-Swedish newest product in collaboration with Virtune has been long awaited in the Swedish crypto community, and VTOP10 will be the first multi-asset crypto ETP to be listed on Nasdaq Stockholm. VTOP10 provides investors with an efficient and cost-effective way to gain exposure to the most valuable crypto assets.”
Christopher Kock, co-founder and CEO of Virtune, adds “We are delighted to partner with Vinter to launch this multi-asset Swedish heritage product, which will provide investors with access to the most valuable cryptocurrencies in a regulated and secure manner. We believe and are confident that ETP will provide an attractive investment opportunity for investors seeking exposure to the crypto market, especially as an entry product for private investors as well as for high net worth clients and institutional investors in the Nordics.”
Notes to the editors
About Winter
Vinter is the leading crypto index provider in Europe, serving the largest asset management companies in the world. Vinter specializes in benchmark interest rates and thematic indices for asset managers with high demands on quality, service and innovation. The company is IOSCO compliant and an EU registered benchmark administrator. For more information, please visit www.vinter.co.
About Virtune
Headquartered in Stockholm, Virtune is a fully regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges.
With regulatory compliance, strategic collaborations with industry leaders and our skilled team, we provide investors on a global level with access to innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market. Please visit www.virtune.com for more information
Tap Contact
Arthur Langlais [email protected]
Christopher Kock [email protected]
