Virtune AB launching Ethereum ETP SEK On Nasdaq
A brand-new, ground-breaking staking ETP is being introduced on Nasdaq Stockholm, the biggest stock exchange in the Nordic region, by Virtune, a Swedish-based, licenced digital asset manager. The launch of Virtune Staked Ethereum ETP SEK, which offers exposure to Ethereum together with the advantages of staking, is being announced by Virtune today.
For the Swedish market, the 100% physically backed and fully collateralized ETP is accessible on Avanza and Nordnet and is priced in SEK. This ETP offers investors an additional 5% annual return on their ETP Ethereum investment thanks to the inclusion of staking.
Ethereum, the second-largest cryptocurrency with a market cap of $219 billion, is a leading smart contract platform that revolutionizes technology and finance. Its robust ecosystem enables developers to create decentralized applications, reshaping industries, eliminating middlemen, and promoting transparency and efficiency. Engaging in Ethereum staking supports the blockchain network and promotes its decentralized nature. This product caters to institutional and retail investors, enhancing their Ethereum investment. Virtune uses non-custodial staking, ensuring assets are staked directly from cold storage without transferring them to third parties, reducing risk associated with third-party transfers.
(With inputs from Shikha Singh)
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