Official Launch of Virtune Coinbase 50 Index ETP Marked by Bell Ringing in Frankfurt

Company Overview - Virtune is a regulated Swedish digital asset manager that specializes in issuing crypto exchange-traded products (ETPs) on regulated European exchanges [7] - The company aims to empower global investors with innovative and sophisticated investment products aligned with the evolving crypto market [7] Product Launch - Virtune launched the Virtune Coinbase 50 Index ETP on June 2, 2025, marking it as the first ETP in Europe to track the Coinbase 50 Europe Index [3] - The product was officially celebrated with a bell-ringing ceremony at Deutsche Börse Xetra in Frankfurt on June 17, 2025, in collaboration with Coinbase [1][2] Product Features - The Virtune Coinbase 50 Index ETP provides exposure to up to 50 leading crypto assets, currently holding 21 assets with plans for expansion [3] - The index aims to be the crypto market's equivalent of the S&P 500, offering a comprehensive selection of significant crypto assets [4] - The product is 100% physically backed by the underlying crypto assets, which are securely stored by Coinbase [5] - It targets both institutional and retail investors, with an annual management fee of 0.95% [5][6] Market Position - The launch reinforces Virtune's position as a leading issuer of regulated, physically backed crypto ETPs in Europe [2] - The product is available to Swedish investors through online brokers such as Avanza and Montrose [2]