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Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Stockholm
Globenewswire· 2025-07-16 07:13
Core Insights - Virtune, a Swedish regulated crypto asset manager, has launched the Virtune Coinbase 50 Index ETP on Nasdaq Stockholm, marking a significant milestone in its growth and reinforcing its position in the Nordic market [1][5][10] - The ETP is the first of its kind to track the Coinbase 50 Europe Index, which includes a diversified benchmark of up to 50 leading crypto assets, currently holding 21 assets with plans for expansion [3][4][14] - The product is designed for both institutional and retail investors, providing regulated and transparent exposure to the crypto market [4][7] Company Overview - Virtune is headquartered in Stockholm and specializes in issuing crypto exchange-traded products on regulated European exchanges, focusing on regulatory compliance and strategic partnerships [12] - The company collaborates closely with Coinbase in areas such as staking, trading, and custody, enhancing its offerings in the digital asset space [3][6] Product Details - The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, which are securely stored in cold storage with Coinbase [5][14] - The ETP carries a competitive annual management fee of 0.95% and is traded in SEK, making it accessible to Swedish and Nordic investors through various brokers and banks [2][5][14] - The first day of trading was on July 14, 2025, and the product is available on multiple exchanges including Nasdaq Stockholm and Deutsche Börse Xetra [14]
Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Helsinki
Globenewswire· 2025-07-15 12:37
Core Insights - Virtune, a Swedish regulated crypto asset manager, has launched the Virtune Coinbase 50 Index ETP on Nasdaq Helsinki, marking a significant milestone in its growth within the Finnish market [1][4] - The ETP is the first of its kind to track the Coinbase 50 Europe Index, which includes a diversified benchmark of up to 50 leading crypto assets, currently holding 21 assets with plans to expand [2][3] - The product is designed for both institutional and retail investors, providing regulated and transparent exposure to the crypto market [3] Company Overview - Virtune is headquartered in Stockholm and specializes in issuing crypto exchange-traded products on regulated European exchanges, emphasizing regulatory compliance and strategic partnerships [12][13] - The Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, which are securely stored in cold-storage with Coinbase, and features a competitive annual management fee of 0.95% [4][11] Product Details - The ETP is available for trading in EUR and is accessible to Finnish investors through brokers and banks such as Nordnet [2][4] - The first day of trading for the Virtune Coinbase 50 Index ETP was July 15, 2025, with the Bloomberg Ticker VCOIN50 and ISIN SE0024738389 [11] Strategic Partnerships - Virtune has collaborated closely with Coinbase across various areas including staking, trading, and custody, reinforcing their partnership with the launch of this ETP [2][6] - MarketVector Indexes serves as the index provider for the Coinbase 50 Europe Index, combining expertise in index management with Virtune's regulated approach [9]
Virtune announces the launch of Virtune Coinbase 50 Index ETP, its new flagship product, on Deutsche Börse Xetra
Globenewswire· 2025-06-04 07:02
Core Insights - Virtune, a Swedish regulated crypto asset manager, has launched the Virtune Coinbase 50 Index ETP (VCOIN50) on Xetra, enhancing its presence in the European market [1][2] - The VCOIN50 ETP is the first crypto Exchange Traded Product (ETP) to track the Coinbase 50 Europe Index, providing exposure to 21 compliant crypto assets at launch, with plans to expand to 50 assets pending regulatory approval [3][4] - The product is backed by physical holdings and features a transparent structure, with Coinbase acting as the custodian [3][4] Company Overview - Virtune has rapidly grown since its first crypto ETP listing on Nasdaq Stockholm in May 2023, currently managing $340 million in assets and serving over 140,000 investors [4] - The company emphasizes investor protection and transparency, aiming to educate the market about crypto assets and ETPs [4][5] - Christopher Kock, CEO of Virtune, highlights the collaboration with Coinbase to enhance the product's offerings and contribute to the global mission of increasing economic freedom [5][9] Product Details - The VCOIN50 ETP is designed to provide broad exposure to the crypto market, similar to the S&P 500 for traditional assets, and is rebalanced quarterly [3][8] - The management fee for the ETP is set at 0.95% per annum, and it trades in EUR [13] - The first day of trading for the VCOIN50 ETP was June 2, 2025, with the Bloomberg ticker VCOIN50 and ISIN SE0024738389 [13] Market Context - The launch of the VCOIN50 ETP represents a significant advancement in the accessibility of crypto investments for both institutional and retail investors in Europe [9][11] - MarketVector Indexes serves as the index provider for the VCOIN50, leveraging its expertise to enhance the product's credibility and market reach [10][11] - The introduction of this ETP aligns with the growing demand for regulated and secure exposure to digital assets, bridging traditional financial infrastructure with the evolving crypto landscape [9][11]
Virtune announces the listing of Virtune Coinbase 50 Index ETP, its new flagship product, on Deutsche Börse Xetra
Globenewswire· 2025-06-04 07:00
Core Insights - Virtune, a Swedish regulated crypto asset manager, has launched the Virtune Coinbase 50 Index ETP (VCOIN50) on Xetra, marking a significant milestone in its expansion into the German market [1][2][3] Company Overview - Virtune is a regulated digital asset manager based in Sweden, managing $340 million in assets and serving over 140,000 investors since its first ETP listing in May 2023 [4] - The company focuses on investor protection and transparency, offering 100% physically backed crypto ETPs [4][14] Product Details - The VCOIN50 ETP tracks the Coinbase 50 Europe Index, providing exposure to 21 compliant crypto assets at launch, with plans to expand to 50 assets pending regulatory approval [3][12] - The ETP is designed to be a comprehensive benchmark for the crypto market, akin to the S&P 500, and features a transparent structure backed by physical holdings [3][9] Strategic Partnerships - Coinbase serves as the custodian for the VCOIN50 ETP, enhancing the product's credibility and security [2][5] - MarketVector Indexes is the index provider for the VCOIN50, leveraging its expertise to support the product's development and management [10][11] Market Impact - The launch of the VCOIN50 ETP is seen as a major advancement for crypto investment in Europe, providing institutional-grade exposure to digital assets [11][9] - The product is available for trading in multiple European countries, including Germany, Sweden, and France, indicating a broad market reach [13]