VIRTUNE ACCELERATES EUROPEAN EXPANSION WITH XRP ETP DEBUT ON DEUTSCHE BÖRSE XETRA

Core Insights - Virtune, a Swedish regulated crypto asset manager, has launched its flagship Virtune XRP ETP on Deutsche Börse Xetra, marking a significant expansion into Germany's market [1][2] - The company has seen rapid growth in the Nordic region, listing 16 products and attracting over 140,000 investors since its inception in May 2023 [2][3] - The Virtune XRP ETP is a 100% physically backed investment product, providing secure exposure to XRP, and has attracted over 50,000 investors and more than USD 125 million in assets under management since its initial listing [4][6] Company Strategy - Virtune's expansion into Germany is a strategic milestone aimed at responding to increasing investor interest and enhancing its presence in the European market [2][3] - The company emphasizes transparency, education, and investor protection as key components of its strategy to drive crypto adoption among retail and institutional investors [5][6] Product Details - The Virtune XRP ETP features a 1.49% annual management fee, trades in EUR, and is available on multiple exchanges including Deutsche Börse Xetra, Nasdaq Stockholm, and Nasdaq Helsinki [8] - The product is backed by Coinbase as the crypto custodian, ensuring institutional-grade security with XRP held in cold storage [4][8]