Swedish Asset Manager Virtune Launches Crypto ETPs for Finnish Investors

Swedish crypto asset manager Virtune has expanded its product offerings by launching new crypto exchange-traded products (ETPs) for investors in Finland. These new ETPs provide portfolio exposure to two significant cryptocurrencies, Avalanche (AVAX) and Cardano (ADA), further enhancing Virtune’s presence in the crypto asset management space.

The launch of the Virtune Avalanche ETP and Virtune Staked Cardano ETP comes just weeks after Virtune debuted five other crypto-related ETPs. These new products are designed to meet the growing demand from Finnish investors seeking direct exposure to popular cryptocurrencies in a secure and regulated format.

• The Virtune Avalanche ETP offers investors direct 1:1 exposure to Avalanche (AVAX), priced at $26.76.
• The Virtune Staked Cardano ETP provides exposure to Cardano (ADA) at $0.7635, with the added benefit of 2% annual returns from staking rewards.

How the ETPs Work

Both ETPs are fully backed by physical assets, and the underlying crypto assets are securely stored in cold storage through Virtune’s custodian, Coinbase. These ETPs will be available to both institutional and retail investors, making them accessible to a wide range of market participants. The products began trading on February 5, 2025, on Nasdaq Helsinki, following their introduction on Nasdaq Stockholm.

Avalanche (AVAX) and Cardano (ADA) are two prominent players in the cryptocurrency market. According to CoinMarketCap, Avalanche is ranked the 12th largest cryptocurrency by market capitalization, while Cardano holds the 9th spot. Both of these assets have demonstrated significant growth potential, which is why Virtune is offering them as part of their ETP product suite.

Veteran trader Peter Brandt has been particularly bullish on Cardano, stating that it is “ready for a grand bull market” after bottoming out on January 16, 2025. This sentiment follows a remarkable 88.8% price surge between November 18 and December 3, 2024, which saw Cardano reach its highest price in nearly three years at $1.33.

Previous ETP Launches

In addition to the new Avalanche and Cardano ETPs, Virtune had previously launched five other crypto-related ETPs in January 2025. These include:

• Virtune Bitcoin ETP (BTC)
• Virtune Staked Ether ETP (ETH)
• Virtune Staked Solana ETP (SOL)
• Virtune XRP ETP (XRP)
• Virtune Crypto Altcoin Index ETP

The Crypto Altcoin Index ETP is rebalanced monthly and as of January 31, 2025, includes equal weightings of XRP, Litecoin (LTC), Solana, Chainlink (LINK), Cardano, and Uniswap (UNI).

The European ETP Landscape

In a parallel development, BlackRock, the world’s largest asset manager, is preparing to launch its own Bitcoin ETP in Europe, domiciled in Switzerland. This comes amid growing institutional interest in crypto-related investment products, particularly in Europe.

Conclusion: Virtune’s latest launch of Avalanche and Cardano ETPs is a significant step in its expansion within the crypto asset management space, catering to Finnish investors looking for secure and regulated exposure to top-tier digital assets. As the demand for crypto investment products continues to rise, both Virtune and major players like BlackRock are positioning themselves to capitalize on this growing market.