Swedish crypto asset manager Virtune has introduced its new products — Avalanche (AVAX) and Cardano (ADA) ETPs, which began trading on Nasdaq Helsinki.
Expanding Crypto Investment Access
Virtune's new offerings provide investors with direct asset exposure to Avalanche and Cardano. This launch responds to increasing demand among Finnish investors for diversified crypto exposure. The Staked Cardano ETP provides the same physical backing for ADA along with a 2% annual return from staking rewards.
Security and Market Impact
The assets backing these ETPs are securely stored in cold storage via Coinbase, ensuring investor protection. The launch strengthens Finland's growing crypto investment market, with the €20.5 billion ETP market becoming more open to crypto products.
Significance for Finland's Investment Market
Virtune's introduction of a staked Cardano ETP allows investors to capitalize on both price appreciation and staking rewards, making it an attractive option for passive income in addition to market exposure. The launch cements Virtune's leadership in the Nordic region's crypto ETP market.
The launch of Virtune's new ETPs marks an important step toward mainstream crypto adoption in the region, providing investors with secure access to a growing market.
