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Stuttgart, twenty eighth of September 2023 – Virtune, a regulated crypto ETP (“Change Traded Product”) issuer, primarily based in Stockholm Sweden, is happy to announce the admission of the Virtune Staked Ethereum ETP into the German market on Boerse Stuttgart.
The crypto market has skilled a substantial decelerate up to now months, marked by outflows from ETPs in Europe. Nonetheless, Virtune has witnessed robust traction within the Nordic markets with steady regular inflows, making this growth a pure development for the corporate.
Virtune Staked Ethereum ETP is a 100% bodily backed ETP with Coinbase serving as its crypto custodian. This ETP provides buyers publicity to Ethereum coupled with staking yield enhancements, which may generate an extra return on its Ethereum publicity.
Virtune, a registered monetary establishment beneath the Swedish Monetary Supervisory Authority (FSA), has demonstrated its unwavering dedication to compliance and monetary safety by way of its regulated standing and complied with the stringent necessities set by Nasdaq. The Swedish FSA permitted the corporate’s base prospectus on April fifth, 2023 and because of this, the corporate has been admitting ETPs to Nasdaq Stockholm as a part of its core technique. Virtune’s overarching purpose is to supply seamless entry to crypto for each institutional and retail buyers by way of progressive ETPs, transparency and training.
Christopher Kock, CEO of Virtune:
“We’re thrilled to introduce our Staked Ethereum ETP to the German investor viewers after receiving an overwhelmingly constructive response from buyers within the Nordic area. We imagine that this providing offers buyers with optimum publicity to Ethereum, due to its incorporation of staking, which provides an extra return on Ethereum. Moreover, it is price noting that this ETP aligns with Virtune’s sustainability focus, because the transition to proof of stake has decreased Ethereum’s environmental affect by 99%. We have now additionally already undergone a sustainability transition by way of our partnership with ClimatePartner.”
Lang & Schwarz is representing Virtune because the liquidity specialist for the ETP, guaranteeing that German retail buyers can even conveniently and effectively entry the ETP by way of the Lang & Schwarz buying and selling platform.
Key Details about the Product:
- Publicity to Ethereum mixed with staking offers an extra annual return in your Ethereum funding
- 100% bodily backed
- Non-custodial staking
- 1.40% annual administration price
Virtune Staked Ethereum ETP:
- Buying and selling foreign money: EUR
- First day of buying and selling: Thursday twenty eighth of September
- Ticker: VIRSETHS
- ISIN: SE0020541639
- WKN: A3G8J8
- Kuerzel: V10E
- Exchanges: Nasdaq Stockholm, Boerse Stuttgart
Stockholm on twenty eighth of September 2023,
For any questions contact:
Christopher Kock, CEO & member of the Board of Administrators
Cell: +46 70 073 45 64
Electronic mail: [email protected]
About Virtune AB (Publ)
Virtune with its headquarters in Stockholm, is a completely regulated Swedish digital asset supervisor and issuer of crypto change traded merchandise on regulated European exchanges.
With regulatory compliance, strategic collaborations with trade leaders and our expert workforce, we offer buyers on a world scale with entry to progressive and complex funding merchandise which can be aligned with the altering panorama of the worldwide crypto market.
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