Virtune Expands Crypto ETP Offerings in Finland with Avalanche and Cardano Products

Swedish digital asset manager Virtune has expanded its suite of cryptocurrency exchange-traded products (ETPs) in Finland, introducing investment opportunities tied to Avalanche (AVAX) and Cardano (ADA).

This launch follows the firm’s recent rollout of five other crypto-related ETPs, further cementing its presence in the European crypto investment market.

New Investment Opportunities in AVAX and ADA

The Virtune Avalanche ETP offers investors direct 1:1 exposure to Avalanche, while the Virtune Staked Cardano ETP provides similar physical backing for Cardano, with an additional 2% annual return generated through staking rewards, according to the company’s February 5 announcement.

Virtune’s CEO, Christopher Kock, emphasized that these new products were introduced to meet the rising demand among Finnish investors seeking diversified crypto exposure.

Both ETPs are securely custodied by Coinbase through cold storage and are available to both institutional and retail investors. The products debuted on Nasdaq Helsinki on February 5, following their initial listing on Nasdaq Stockholm.

Cardano Poised for a Bull Market?

Cardano, currently the ninth-largest cryptocurrency by market capitalization, has been gaining attention from analysts. Veteran trader Peter Brandt recently suggested that ADA is positioned for a major bull market, citing its price recovery since January 16. The asset had already surged 88.8% between November 18 and December 3, reaching a three-year high of $1.33.

Virtune’s Growing ETP Portfolio

Two weeks prior, on January 20, Virtune launched five other crypto ETPs, marking a significant milestone as the first of their kind on Nasdaq Helsinki. These products include:

Virtune Bitcoin ETP
Virtune Staked Ether ETP
Virtune Staked Solana ETP
Virtune XRP ETP
Virtune Crypto Altcoin Index ETP

The Crypto Altcoin Index ETP is rebalanced monthly, currently holding an equal allocation of 14.29% across XRP, Litecoin, Solana, Chainlink, Cardano, and Uniswap (as of January 31).

BlackRock’s Entry into the European Crypto ETP Market

Meanwhile, global asset management giant BlackRock is reportedly preparing to launch a Bitcoin ETP in Europe, with Switzerland as its expected domicile. According to Bloomberg, the fund could begin marketing as early as this month, further signaling institutional interest in crypto-based investment products.

With Virtune’s expansion and the entry of major players like BlackRock, the European crypto ETP landscape continues to evolve, providing investors with a growing array of regulated investment options.