Swedish crypto asset manager Virtune has introduced two new cryptocurrency exchange-traded products (ETPs) on Nasdaq Helsinki, catering to Finnish investors seeking diversified digital asset exposure. The Virtune Avalanche ETP and Virtune Staked Cardano ETP began trading on February 5, offering secure, institution-grade investment options for these popular cryptocurrencies.
Virtune’s Avalanche ETP provides direct 1:1 exposure to Avalanche (AVAX), while the Staked Cardano (ADA) ETP is backed by the physical asset and delivers an additional 2% annual return from staking rewards. In a statement, CEO Christopher Kock highlighted the growing interest from Finnish investors as a key driver behind these product offerings.
Growing Presence in Crypto Markets
The introduction of these ETPs follows Virtune’s recent rollout of five other crypto-related ETPs on Nasdaq Helsinki, marking the firm as a significant player in the Scandinavian crypto market. Earlier in January, the company launched ETPs for Bitcoin, Staked Ether (ETH), Staked Solana (SOL), XRP, and a Crypto Altcoin Index.
Virtune’s custodian partner, Coinbase, ensures the assets are held securely in cold storage, making the products accessible to both institutional and retail investors. This strategic collaboration underscores the firm’s commitment to security and transparency in crypto asset management.
Both Avalanche and Cardano are key players in the broader cryptocurrency ecosystem, ranking 12th and 9th by market capitalization, respectively, according to CoinMarketCap.
Bullish Market Sentiment for Cardano
Veteran trader Peter Brandt recently suggested that Cardano may be poised for a “grand bull market” following a local chart bottom on January 16. This prediction aligns with Cardano’s notable 88.8% price surge between November 18 and December 3, during which it hit $1.33 — its highest value in nearly three years.
Virtune’s expansion comes amid heightened interest in crypto-backed investment vehicles across Europe. Notably, BlackRock, the world’s largest asset manager, is reportedly preparing to launch a Bitcoin ETP domiciled in Switzerland, signaling increased institutional interest in digital assets.
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