Virtune AB (Publ) is launching Virtune Staked Solana ETP and Virtune Staked Polygon ETP on Nasdaq Stockholm
10 April 2024 - 5:55PM
Virtune AB (Publ) is launching Virtune Staked Solana ETP and
Virtune Staked Polygon ETP on Nasdaq Stockholm
Stockholm, April 10th, 2024 - Virtune, a Swedish
regulated digital asset manager is announcing the launch of two new
innovative and highly anticipated crypto ETPs, Virtune Staked
Solana ETP and Virtune Staked Polygon ETP, on Nasdaq
Stockholm, the largest stock exchange in the Nordic
region.
About Virtune Staked Solana ETPVirtune
Staked Solana ETP provides exposure to Solana combined with the
benefits of staking. With staking incorporated, the ETP offers an
additional 3% annual return on the investment made in the
ETP, while at the same time offering an attractive annual fee of
0.95%. Like all of Virtune’s ETPs, Virtune Staked Solana ETP
is 100% physically backed and fully collateralized, is denominated
in SEK for the Swedish audience and is available on Avanza and
Nordnet.
Key Information about Virtune Staked Solana
ETP:
- 1:1 exposure to Solana with 3%
additional annual return through staking
- 0.95% annual management fee
- 100% physically backed
Virtune Staked Solana ETP
- Full name: Virtune Staked Solana
ETP
- Short name: Virtune Staked
Solana
- Ticker: VIRSOL
- Trading currency: SEK
- First day of trading: Wednesday
10th April 2024
- ISIN: SE0021309754
About SolanaSolana is a high-performance
blockchain platform designed to offer fast and scalable
decentralized application operations and cryptocurrency
transactions. By using a unique consensus mechanism known as Proof
of History (PoH) along with Proof of Stake (PoS), Solana can handle
thousands of transactions per second with low transaction costs,
which is a significant improvement over older blockchains like
Bitcoin and Ethereum. This combination of technologies not only
allows for instant transaction verification but also a significant
increase in network throughput without compromising security or
decentralization.
About Virtune Staked Polygon ETPVirtune
Staked Polygon ETP provides exposure to Polygon combined with the
benefits of staking. With staking incorporated, the ETP provides an
additional 2% annual return on the investment made in the
ETP. Like all of Virtune’s ETPs, Virtune Staked Polygon ETP is 100%
physically backed and fully collateralized, is denominated in SEK
for the Swedish audience and is available on Avanza and
Nordnet.
Key Information about Virtune Staked Polygon
ETP:
- 1:1 exposure to Polygon with 2%
additional annual return through staking
- 100% physically backed
- 1.95% annual management fee
Virtune Staked Polygon ETP
- Full name: Virtune Staked Polygon
ETP
- Short name: Virtune Staked
Polygon
- Ticker: VIRPOLY
- Trading currency: SEK
- First day of trading: Wednesday
10th of April 2024
- ISIN: SE0021630217
About PolygonPolygon (formerly known as
Matic Network) aims to address some of the most common issues with
traditional blockchains, including scalability, transaction speed,
and cost. By providing a multi-layered architecture supporting the
development of diverse dApps, Polygon enables developers to create
scalable and user-friendly applications without compromising on
security. The core of Polygon's solution is its sidechains, running
in parallel with the Ethereum main chain, enabling high-performance
and cost-effective transactions.
Christopher Kock, CEO of Virtune: “After an
intense and successful 10-month journey since our initial listing,
during which we launched 7 crypto ETPs before today on Nasdaq
Stockholm and Boerse Stuttgart, we have dedicated ourselves to
developing these innovative ETPs that many have eagerly
anticipated. We are thrilled to unveil these ETPs, long-awaited by
the Nordic market, where we can distribute staking rewards to
investors through our physically backed structure. By staking
Solana and Polygon directly from cold storage at our custodian,
Coinbase, we are able to share the staking rewards with the ETPs
and its investors. This launch marks a significant milestone in
expanding our crypto ETP offering in response to the growing demand
from the Nordic investor community. Investors now have the
convenience of effortlessly managing these investments through
their traditional brokerage accounts.Virtune Staked Solana ETP and
Virtune Staked Polygon ETP offer investors an easy, transparent and
secure way to gain exposure to staked Solana and staked Polygon
respectively through a regulated structure listed on Nasdaq
Stockholm, reinforced by the support of industry-leading service
providers.”These ETPs cater to institutional investors as well as
retail investors, serving the growing demand from investors in the
Nordics that have been waiting for a seamless way to gain exposure
to Solana and Staked combined with the benefits of staking. If
you are an institutional investor interested in exploring the
potential of our current and upcoming ETPs for your discretionary
asset management or wish to learn more about Virtune and our
product offering, please feel free to contact us. Visit
www.virtune.com for more information, and register your email
address on our website to receive updates on upcoming ETP launches
and other news related to digital assets.Press contact:Christopher
Kock, CEO Virtune AB (Publ)christopher@virtune.com+46 70 073 45
64
Virtune with its headquarters in Stockholm is a
fully regulated Swedish digital asset manager and issuer of crypto
exchange traded products on regulated European exchanges.With
regulatory compliance, strategic collaborations with industry
leaders and our proficient team, we empower investors on a global
level to access innovative and sophisticated investment products
that are aligned with the evolving landscape of the global crypto
market.
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