Virtune, a regulated crypto asset manager based in Sweden, has made a significant move in the cryptocurrency market by launching the Virtune BNB ETP on Nasdaq Stockholm. This new product aims to provide investors with a unique opportunity to gain exposure to the popular BNB coin. Based on the data provided in the document, this launch is expected to attract a diverse range of investors looking to diversify their portfolios.
Introduction of the Virtune BNB ETP
The Virtune BNB ETP, designated as VIRBNB, offers an 11% exposure to BNB and comes with a management fee of 1.95%. Trading will commence today, and the product is denominated in Swedish Krona (SEK). This strategic launch is part of Virtune's ongoing efforts to expand its product offerings in the crypto space.
Comments from the CEO
Christopher Kock, CEO of Virtune, emphasized that the introduction of the BNB ETP is a natural progression in their product development. He highlighted the importance of providing investors with access to one of the most established crypto assets in the market, reinforcing Virtune's commitment to innovation and investor accessibility.
Custodianship by Coinbase
Additionally, Coinbase has been appointed as the custodian for the BNB ETP, ensuring secure management of the assets.
In a recent development, the BNB Chain team investigated a potential breach of its CoinMarketCap profile, which contrasts with Virtune's positive launch of the BNB ETP. For more details, see further information.
