Virtune introduces five euro-denominated products on the Nasdaq Helsinki, giving Finnish investors regulated access to crypto ETPs.
Virtune recently announced that it would offer Finland’s first cryptocurrency exchange-traded products (ETPs) on the Nasdaq Helsinki platform. This makes it simpler and safer for Finnish investors to use well-known and trustworthy financial tools to invest in cryptocurrency assets in their currency.
Several cryptocurrency ETPs have also been introduced to Finland, enabling investors to trade them in euros via brokers and other large Nordic financial institutions like Nordnet.
This launch represents many significant turning points for Finland’s financial markets. Together, the five products are the most considerable crypto ETP launch in the Nordic region, and this is the first time that crypto ETPs have been listed on Nasdaq Helsinki.
Additionally, it offers Finnish investors regulated staked ETPs, in which the daily price includes staking rewards.
Finland’s €20.5B Crypto ETP Market Opens To Investments
For the first time, investors may access cryptocurrency through their standard brokerage accounts thanks to this launch, which opens Finland’s €20.5 billion ETP market to cryptocurrency.
Being the first to introduce a secure and regulated cryptocurrency ETP to the Nordic market excites Virtune, according to CEO Christopher Kock. He continued that listing in euros on Nasdaq Helsinki is a significant milestone in their development. According to Christopher:
“We have been committed from day one in our vision to becoming the leading crypto asset manager in the Nordics and accelerating the adoption of crypto as an asset class. These euro-denominated listings on Nasdaq Helsinki marks a crucial milestone in our journey.”
Five fully backed and secure euro-denominated exchange-traded funds (ETPs) are available with Virtune’s launch: the Bitcoin ETP offers direct exposure; the Staked ETH ETP offers enhanced returns through staking benefits; the XRP ETP gives access; the Staked Solana ETP provides exposure and a 3% staking return; and the Crypto Altcoin Index ETP tracks up to ten alternative digital assets (apart from Bitcoin and Ethereum) with monthly reset.
Increasing Nasdaq’s Global Presence with Virtune As a Major Affiliate
According to Helena Wedin, European Head of Exchange Traded Products at Nasdaq, they have established a significant foothold in Europe, with a market share of roughly 23%. She also embraced extending their offerings to Nasdaq Helsinki, allowing Virtune to be the first issuer to offer these products locally.
A cryptocurrency asset management business governed by Swedish law is Virtune. More than 110,000 institutional and individual investors have come to trust it, and it currently oversees $310 million in assets.
According to Nasdaq Helsinki President Henrik Husman, ETP products offer alternatives to traditional investment options while preserving market openness. He continued that with Virtune as the first issuer, they are thrilled to launch this new category at Nasdaq Helsinki. What he said:
“ETN products provide access to alternative investments while maintaining the transparency of a regulated marketplace, and we are happy to launch this new segment at Nasdaq Helsinki with Virtune as the first issuer”
