As a seasoned researcher with years of experience in the financial industry, I am always intrigued by the emergence of innovative companies that are shaping the future of finance. Virtune, a company managing digital assets and offering crypto ETPs, is one such entity that has caught my attention.
Virtune, a business specializing in the management of digital assets, provides Crypto Exchange Traded Products (ETPs). They are broadening their reach by listing the Staked Solana ETP on Euronext Amsterdam, which is located in the Netherlands.
Since its debut in May 2023, Virtue has consistently expanded across the Nordics. To date, it has added a total of 12 offerings to its portfolio and boasts more than 31,000 individual investors in just under a year.
By emphasizing education, openness, and regulatory compliance, the company not only caters to the increasing curiosity about cryptocurrency but also boosts its reputation throughout Europe, thereby gaining wider recognition.
Virtune’s CEO is happy about moving into the Dutch market. They plan to offer a new product (Staked Solana ETP) in the Nordics that will let people learn more about cryptocurrencies and give Dutch investors more chances to invest in Solana, a popular blockchain technology, with the potential to earn extra returns through staking.
We’re delighted to make our move into the Netherlands by bringing our Staked Solana Exchange-Traded Product (ETP) to Dutch investors, following its successful debut in the Nordic markets. Since our establishment in May 2023, we’ve been dedicated to promoting crypto adoption through educational initiatives across the Nordics, and we can’t wait to broaden this mission into the Dutch financial sector. This ETP offers investors increased exposure to Solana, a prominent and influential blockchain on a global scale, while also providing extra income through integrated staking.
Details of the Virtune Staked Solana ETP
Through the Virtune Staked Solana Exchange-Traded Product (ETP), investors gain access to the Solana network while enjoying the perks of staking. This means that by investing in this ETP, an investor can anticipate earning a 3% yearly return on their investment.
The management charge is fixed at a rate of 0.95% annually, just like with all Virtune ETPs. Likewise, the Virtune Staked Solana ETP is fully backed by SOL tokens.
Furthermore, Virtune highly values token security. As a result, they keep the underlying SOL tokens safe in cold storage, with Coinbase acting as the custodian. This European Token Program (ETP) is denominated in Euros and can be effortlessly traded on platforms like Degiro, catering to European users.
Since September 17th, the ETP has been open for trading on Euronext Amsterdam. It can be located on the exchange by its ticker symbol, VRTS. Furthermore, investors can monitor the ETP’s performance on Bloomberg using the ticker VIRSOL.
As a crypto investor, I’m particularly excited about Virtune, a company that operates under the watchful eye of the Swedish Financial Supervisory Authority (FSA). This regulatory backing is reinforced by their EU Base Prospectus license, which allows them to list Exchange-Traded Products (ETPs) on regulated exchanges.
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2024-09-23 19:00