Cardano Now Available via Virtune's New Product

by Giorgi Kostiuk

a year ago

Swedish company Virtune AB announced the launch of a new exchange-traded product linked to Cardano (ETP), now available on Nasdaq Helsinki.

Launch of Cardano ETP

Virtune AB, a Swedish asset management firm, has introduced VIRADAE, a product offering 1:1 exposure to Cardano (ADA). This product is listed on Nasdaq Helsinki and is fully backed by ADA.

Staking Details and Return

The purchase of the product offers an additional annual return of 2% from staking rewards. These rewards are continuously added to the product's daily price, providing an opportunity for passive income for investors.

Opportunities in the US Market

With improving crypto regulations in the US, new ETF products tracking Cardano are expected to emerge. In the US, only Tuttle Capital has filed for a 2X Long Cardano Daily Target ETF so far.

The launch of Virtune's new ETP opens new opportunities for investors and may stimulate interest in Cardano in European and American markets.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

SEC Proposes Significant Change to Rule 15c211, Excluding Crypto Assets

The SEC proposed an amendment to Rule 15c211, limiting its application to equity securities and excluding crypto assets.

Gustavo Mendozaan hour ago

AIntuition Collection Set to Transform NFT Landscape with Real-World Benefits

The AIntuition Collection is set to launch, offering 15,000 NFTs that provide real-world utility and exclusive services.

Rajesh Kumar4 hours ago

Shiba Inu Shorts Liquidated in Dynamic Squeeze

Shiba Inu has experienced a significant rally, resulting in the liquidation of shorts worth $50,000 in just 24 hours.

Miguel Rodriguez4 hours ago

Generation Z Faces Severe Challenges in Home Affordability

Generation Z is facing severe challenges in affording housing, with many resorting to significant sacrifices. Reports indicate that potential homebuyers may need to earn $111,000 a year to afford a typical home in the US, which is $25,000 more than the median household income. To cope with these high costs, Gen Z is making drastic lifestyle changes, including selling their belongings, moving back in with their parents, and taking on side hustles.