Virtune Introduces Finland’s First Crypto Exchange-Traded Products on Nasdaq Helsinki
Virtune, a Swedish-regulated crypto asset manager, has launched Finland's first crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This marks a significant advancement for Finnish investors, providing a secure and regulated method of investing in cryptocurrencies denominated in euros.
- The introduction integrates crypto into Finland's €20.5 billion ETP market.
- The ETPs are fully collateralized and backed, with liquidity support from Flow Traders.
- Available products include Bitcoin exposure, Ethereum with staking benefits, XRP, Solana with 3% staking rewards, and an altcoin index covering ten cryptocurrencies.
- Investors can access these products through major brokers like Nordnet, with staking rewards reflected in daily pricing.
- Virtune CEO Christopher Kock noted that the euro-denominated ETPs meet growing demand for secure crypto investments.
- Nasdaq Helsinki President Henrik Husman emphasized the transparency of these regulated products.
- Nasdaq holds a 23% market share in the European crypto ETP space.
This launch aligns with a broader trend in Europe, where the crypto ETP sector is rapidly expanding. Companies like Bitwise and 21Shares are introducing innovative products, enhancing opportunities for regulated crypto investments in the region.
In contrast, the U.S. still faces challenges in expanding crypto ETFs beyond Bitcoin and Ethereum, with over 50 new crypto-related ETF products expected to launch pending regulatory changes.
Virtune’s entry signifies a pivotal moment for crypto investments in the Nordic region, potentially setting a precedent for broader adoption and innovation in financial markets.