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Virtune AB (Publ) ("Virtune") has completed the monthly rebalancing for April 2025 of its Virtune Crypto Altcoin Index ETP
Globenewswireยท 2025-05-02 10:57
Group 1 - Virtune has completed its monthly rebalancing for the Virtune Crypto Altcoin Index ETP, which is listed on Nasdaq Stockholm and Nasdaq Helsinki [1] - The product portfolio of Virtune includes various ETPs such as Bitcoin, Staked Ethereum, and multiple altcoins [1] - The index allocation before rebalancing on April 30 showed significant weights for Solana (15.60%), Avalanche (15.30%), and Chainlink (14.46%) [1] - After rebalancing, the weights for all included altcoins were reset to 14.29% [1][2] Group 2 - The Virtune Crypto Altcoin Index ETP recorded a performance of +0.56% for April [1] - In April, Solana had the highest performance increase of +18.6%, followed by Avalanche at +11.4% and XRP at +4.98% [3] - Uniswap was the only asset that declined, with a performance of -11.6% [3][4] Group 3 - The Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region, providing equal-weighted exposure to leading altcoins, excluding Bitcoin and Ethereum [4] - This structure promotes diversification, allowing investors to gain broad exposure to crypto assets without heavy concentration in any single asset [4] - Virtune is a regulated Swedish digital asset manager, focusing on innovative investment products aligned with the evolving crypto market [6]