Swedish Crypto ETP Issuer Virtune Lists Avalanche, Cardano ETPs on Nasdaq Helsinki

Swedish digital asset management firm Virtune has listed two of its altcoin exchange-traded products (ETPs) on Nasdaq Helsinki. Virtune Avalanche ETP and Virtune Staked Cardano ETP will now be accessible to both institutional and retail investors through banks.

Announced on Wednesday, the listings come after Virtune recently launched its first five crypto ETPs in Finland on Nasdaq Helsinki.

Per the official release, the company already has its ETPs in Bitcoin, Ethereum, Solana, Ripple and Crypto Altcoin Index.

“To meet the growing demand from Finnish investors, Virtune has now expanded its offering with two additional crypto ETPs on Nasdaq Helsinki,” the announcement read.

Both Virtune Avalanche ETP and Staked Cardano ETP are 100% physically-backed and fully collateralized, denominated in EUR for Finnish investors. The products are available through brokers and banks such as Nordnet.

The asset manager’s Avalanche ETP provides exposure to Avalanche, while Staked Cardano ETP provides exposure to Cardano combined with staking rewards benefits.

“These innovative products are 100% physically backed, with AVAX and ADA securely stored in cold storage with our custodian, Coinbase,” said Christopher Kock, CEO of Virtune.

Virtune’s Largest ETP Launch on Regulated Markets of Nordic Countries

Early this month, the company opened Finland’s $21 billion ETP market to cryptos, representing the largest crypto ETP launch on a regulated market in the Nordic countries.

The crypto ETP adoption in the Europe reflects a broader surge with a significant influx of investments in the second half of 2024.

Further, last year 21Shares has launched three crypto ETPs on Euronext Paris and Amsterdam, looking to grow its offerings. Besides, the firm noted that 21Shares’ Solana Staking ETP (ASOL) is its most popular product in Europe.

Additionally, crypto index fund manager Bitwise introduced a Solana staking ETP in Europe under the ticker BSOL. Launched in December 2024, the ETP surpassed similar offerings from competitors like 21Shares, providing a 5.49% annual percentage yield (APY).