Basri Caneri 
Sweden-based digital asset manager Virtune has launched new exchange-traded products (ETPs) for Avalanche (AVAX) and Cardano (ADA). These products give Finnish investors direct access to AVAX and ADA.
As of February 5, the ETPs were listed on Nasdaq Helsinki, having previously been listed on Nasdaq Stockholm. These new products were developed “to meet the growing demands of Finnish investors,” said Christopher Kock, CEO of Virtune.
Virtune ETPs and Stake Rewards
- Virtune Avalanche ETP: Offers 1:1 direct investment in Avalanche.
- Virtune Staked Cardano ETP: ADA, as well as earning a 2% annual staking reward.
All assets are secured in cold storage through Coinbase’s custody service and are available to both retail and institutional investors.
The move comes after Virtune launched five different crypto ETP products on Nasdaq Helsinki two weeks ago. Products launched on January 20:
- Virtune Bitcoin ETP
- Virtune Staked Ether ETP
- Virtune Staked Solana ETP
- Virtune XRP ETP
- Virtune Crypto Altcoin Index ETP ( Rebalancing monthly and giving equal weight to XRP, Litecoin, Solana, Chainlink, Cardano and Uniswap)
Crypto ETP Trend Continues in Financial Markets
In addition to this new development, BlackRock, the world’s largest asset manager, is reportedly preparing to launch a Bitcoin ETP in Europe. According to Bloomberg, the fund will be based in Switzerland and could be launched as soon as this month.
As the world’s largest financial institutions’ interest in crypto assets grows, crypto ETPs continue to become an important alternative for traditional investors.
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