Swedish digital asset company Virtune launches the first physically-backed multi-asset cryptocurrency ETP

2023-05-02 17:44:27

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ChainCatcher news, the regulated digital asset management company Virtune from Sweden announced that it will list the first physically-backed multi-asset cryptocurrency ETP on Nasdaq Stockholm. This ETP tracks the Virtune Vinter Crypto Top 10 Index (VTOP10) constructed by the Swedish BMR index provider Vinter.

This ETP is a validated and tested tool that provides passive exposure to underlying blockchain protocols and serves as a convenient and secure entry point for investors. The physical backing means that all components in the ETP are fully collateralized by the underlying crypto assets. The VTOP10 index provides risk exposure to 85% of the crypto market by investing in the top 10 cryptocurrencies by market capitalization. Virtune will rebalance the index monthly and provide dynamic risk exposure as new cryptocurrencies enter the index. The VTOP10 ETP will be open to both retail and institutional investors and can be traded on the Nasdaq Stockholm exchange like regular securities. (Source link)

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