Core Insights - Virtune has completed its monthly rebalancing for the Virtune Crypto Top 10 Index ETP, which is listed on Nasdaq Stockholm in both SEK and EUR denominations [1][2] - The index aims to reflect current market conditions and manage volatility in the crypto market through monthly rebalancing [2] Index Allocation - The index allocation before rebalancing as of April 30 showed Bitcoin at 42.70%, Ethereum at 26.23%, and XRP at 15.95% among others [1] - After rebalancing, Bitcoin's allocation decreased to 40.00%, while Ethereum increased to 27.19%, and XRP rose to 16.24% [1] Performance Overview - In April, the crypto market experienced a strong rebound, with Solana leading at +18.6%, followed by Bitcoin at +14.2% and Avalanche at +11.4% [3][4] - Ethereum saw a decline of -1.45%, and Uniswap was the weakest performer with a drop of -11.6% [3][4] Product Offering - Virtune's product portfolio includes various ETPs such as Bitcoin, Stellar, Staked Ethereum, and others, with a focus on providing diversified exposure to leading crypto assets [1][4] - The Virtune Crypto Top 10 Index ETP is the first of its kind in the Nordic region, allowing investors to gain broad exposure to the crypto market [4] Company Background - Virtune is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on European exchanges, emphasizing regulatory compliance and strategic collaborations [6]
Virtune AB (Publ) ("Virtune") has completed the monthly rebalancing for April 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics
Globenewswireยท2025-05-05 08:31