Virtune launches Virtune Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki and Deutsche Börse Xetra

Core Viewpoint - Virtune has launched the Virtune Stablecoin Index ETP (STABLE) on multiple European exchanges, marking a significant step in providing regulated investment access to the growing stablecoin market [1][2]. Company Overview - Virtune is a regulated Swedish crypto asset manager that has rapidly expanded its offerings, now managing $400 million in assets and serving over 150,000 investors since its first ETP listing in May 2023 [12][17]. - The company focuses on investor protection and transparency, aiming to educate the market about crypto assets and ETPs [12][17]. Product Details - The Virtune Stablecoin Index ETP is the first of its kind in Europe, providing diversified exposure to the blockchains and assets that support stablecoins [5][10]. - The product is physically backed by underlying crypto assets stored with Coinbase in cold storage and has a 1.95% annual management fee [10]. - It is rebalanced quarterly and trades in SEK and EUR [10]. Market Context - The stablecoin ecosystem is experiencing increasing investor interest, driven by the need for stable digital assets that combine the stability of fiat currencies with blockchain efficiency [2][6]. - The growth of stablecoins is one of the fastest-expanding areas in the global financial market, with rising transaction volumes leading to greater demand for the underlying blockchain infrastructure [7][9]. Investment Rationale - Investing in the Virtune Stablecoin Index ETP allows investors to gain broad exposure to the blockchains driving the growth of the stablecoin market, thereby reducing concentration risk [4][9]. - The index captures the increasing utility and network activity of major blockchains like Ethereum and Solana, which are integral to the stablecoin ecosystem [8][9]. Strategic Partnerships - Virtune collaborates with MarketVector, a leader in digital asset indexes, to create investable index solutions that reflect the dynamic infrastructure supporting stablecoins [14][15].