Introducing Virtune XRP-ETP: A New Investment Product for Swedish Investors
Swedish digital asset management company Virtune is proud to announce the launch of a new exchange-traded investment product related to cryptocurrency called Virtune XRP-ETP. This innovative product is now registered on the Nasdaq Stockholm stock exchange and is available for trading under the ticker VIRXRP. Local investors in Sweden can easily purchase it with Swedish Krona, offering a wide range of market participants access to this exciting opportunity.
Unique Features of Virtune XRP-ETP
Virtune XRP-ETP is making headlines not only for its unique offering but also for its structure. The product charges an annual management fee of 1.49% and is fully physically backed by an equivalent amount of XRP cryptocurrency. This ensures a high level of trust and transparency for investors, making it an attractive option for both institutional and retail investors in the region.
Virtune’s CEO Christopher Kok highlights the security of the product, stating, «This innovative product is 100% physically backed by XRP stored in our custodian Coinbase (NASDAQ: COIN), providing peace of mind for investors. It is easily accessible through various brokers and banks, making it convenient for investors to acquire XRP-ETP without the hassle of managing cryptocurrency assets themselves.»
Expanding Opportunities for Scandinavian Investors
The launch of Virtune XRP-ETP represents a significant expansion of possibilities for Scandinavian investors, offering broader access to digital assets. In addition to XRP-ETP, Virtune provides access to other cryptocurrency products such as Virtune Bitcoin, Virtune Arbitrum, and Virtune Chainlink. These products cater to investors interested in diversifying their portfolios and exploring the world of cryptocurrency.
