Swedish Digital Asset Manager Unveils Avalanche and Cardano ETPs
Virtune, a crypto asset manager based in Sweden, has recently introduced new exchange-traded products (ETPs) for investors in Finland. These ETPs allow investors to gain portfolio exposure to two popular cryptocurrencies, Avalanche and Cardano.
The launch of these ETPs follows the introduction of five other crypto-related ETPs by the company just weeks ago.
The Virtune Avalanche ETP provides investors with a direct 1:1 exposure to Avalanche, while the Virtune Staked Cardano ETP offers the same physical backing of Cardano, as well as a 2% annual return from staking rewards.
According to Virtune’s CEO Christopher Kock, these new ETPs were created to meet the growing demand from Finnish investors. The assets held by these ETPs will be stored securely in cold storage through Coinbase, a trusted crypto exchange, and will be available to both institutional and retail investors.
