Virtune has introduced Finland’s first crypto ETPs on Nasdaq Helsinki, providing investors with regulated euro-based crypto exposure.
Virtune, a Swedish-regulated crypto asset manager, has effectively listed the country’s first-ever crypto ETPs (exchange-traded products) on Nasdaq Helsinki.
This milestone is a substantial development for the financial markets of Finland. It leverages established financial instruments to offer Finnish investors secure, regulated access to cryptocurrency investments denominated in euros.
This launch has expanded the opportunities for local investors by incorporating crypto assets into Finland’s €20.5 billion ETP market (over $21 billion). It represents a number of significant milestones for Finland, such as the initial trading of crypto ETPs on Nasdaq Helsinki.
It is also the most significant crypto ETP introduction on a regulated market in the Nordic countries, which include Denmark, Finland, Iceland, Norway, and Sweden, in northern Europe. The products are completely collateralized and tangibly supported, and they receive active liquidity support from Flow Traders, a prominent global market maker.
These measures guarantee narrow spreads and reliable trading volumes, thereby augmenting investor confidence and ensuring efficient trading. The following are the specifics of the ETPs:
Nordnet, a prominent Nordic broker, provides access to the products. It is the first regulated staked ETP in Finland, and the daily pricing reflects the staking rewards. Investors will have the ability to access the most prominent crypto assets through their current brokerage accounts as a result of this launch.
According to Virtune CEO Christopher Kock, the euro-denominated ETPs are an answer to the increasing demand for crypto exposure in a secure, regulated environment. In the same vein, Nasdaq Helsinki President Henrik Husman underscored the importance of the launch.
Husman stated, “ETN products offer access to alternative investments while preserving the transparency of a regulated marketplace.”
In the meantime, this development is not unexpected, given Nasdaq’s significant presence in the crypto ETP sector. The European Head of Exchange Traded Products at Nasdaq, Helena Wedin, emphasized Virtune’s market leadership.
“We have established a robust market share of approximately 23% in Europe as the first mover in the Crypto ETP market.” It is a thrilling milestone for us to expand our services to Nasdaq Helsinki with Virtune as the inaugural issuer,” Wedin stated.
The launch is indicative of a more extensive increase in the number of crypto ETPs in Europe. This sector has experienced substantial growth, as institutional and retail investors increasingly seek regulated channels for crypto exposure, according to industry experts.
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