Stockholm, Aug 9, 2023 – Swedish digital asset manager, Virtune, is poised to introduce a groundbreaking staking Exchange-Traded Product (ETP) on Nasdaq Stockholm, the Nordic region’s largest stock exchange. Named Virtune Staked Ethereum ETP SEK, this new offering seamlessly merges Ethereum exposure with staking benefits, promising augmented returns for investors.
Backed by 100% physical assets and fully collateralized, the ETP is denominated in SEK to cater to the Swedish market and will be accessible via Avanza and Nordnet platforms. By incorporating staking, investors stand to gain up to an additional 5% annual return on their Ethereum investment.
Ethereum, the world’s second-largest cryptocurrency at a market cap of around $219 billion, is renowned for its smart contract capabilities, holding potential to reshape various industries and foster transparency in global systems.
With a focus on both institutional and retail investors, Virtune’s non-custodial staking approach ensures asset security. CEO Christopher Kock emphasized, “Our offering caters to the surging demand for Ethereum investment alternatives in the Nordics. We’re providing a secure, transparent, and regulated route to tap into Ethereum’s potential.”
Headquartered in Stockholm, Virtune collaborates with industry leaders like Coinbase, strengthening its mission to provide innovative investment products aligned with the evolving crypto market landscape.
