Virtune, a Swedish-regulated crypto asset manager, has launched Finland’s first crypto exchange-traded products (ETPs) on Nasdaq Helsinki. This milestone allows Finnish investors to securely invest in cryptocurrency, denominated in euros, enhancing the region’s financial market.
The introduction of crypto into Finland’s €20.5 billion ETP market is a significant development. The ETPs are fully collateralized and physically backed, with liquidity support from Flow Traders to ensure stable trading volumes and narrow spreads, which boosts investor confidence.
The offerings include Bitcoin exposure, Ethereum with staking benefits, XRP, Solana with 3% staking rewards, and an altcoin index covering ten cryptocurrencies. Investors can access these products through major brokers like Nordnet, with staking rewards reflected in daily pricing.
Virtune’s CEO, Christopher Kock, noted that these euro-denominated ETPs meet the growing demand for secure crypto investments. Nasdaq Helsinki President Henrik Husman stated that these products provide access to alternative investments while ensuring transparency.
Helena Wedin, from Nasdaq, highlighted the importance of this launch, mentioning Nasdaq’s 23% market share in the European crypto ETP sector. Wedin called Virtune’s entry a significant achievement for the market.
This launch aligns with a broader trend in Europe, where the crypto ETP sector is rapidly expanding. Companies like Bitwise and 21Shares are also introducing innovative products, such as Solana Staking ETPs and ETPs focused on AI tokens. These developments indicate increasing opportunities for regulated crypto investments in Europe, attracting both institutional and retail investors.
While Europe progresses in the ETP sector, the U.S. faces challenges in expanding crypto ETFs beyond Bitcoin and Ethereum. Efforts to launch ETFs tied to altcoins like Litecoin and Solana are ongoing, with hopes for regulatory changes under a new SEC administration. Analysts predict over 50 crypto-related ETF products may launch in the U.S.
Virtune’s launch in Finland marks a new era for crypto investments in the Nordic region, positioning the company as a leader in regulated offerings and paving the way for broader adoption in the financial markets.
