New Crypto ETPs Launch in Finland, Featuring Avalanche and Cardano

Swedish crypto asset manager Virtune has launched new exchange-traded products (ETPs) in Finland, offering exposure to Avalanche (AVAX) and Cardano (ADA).

This follows the recent release of five other crypto-related ETPs by the firm. The Cardano ETP offers 1:1 exposure to ADA along with an additional 2% annual staking return, while the Avalanche ETP mirrors its AVAX holdings. Both began trading on Nasdaq Helsinki after a debut on Nasdaq Stockholm.

CEO Christopher Kock explained that the launch was in response to growing demand from Finnish investors. The assets will be securely stored in cold storage with Coinbase as the custodian. The move further solidifies Virtune’s position in the Nordic market, following the earlier introduction of ETPs for Bitcoin, Ethereum, Solana, and XRP.

Avalanche and Cardano, ranked 12th and 9th by market cap, have been gaining traction, with some analysts predicting Cardano may experience a major rally after a significant price surge in late 2022.

READ MORE:

These Three Altcoins Could Be Gearing Up for a Bullish Reversal, Analyst Predicts

The company’s Crypto Altcoin Index ETP, which includes a mix of assets like Solana and Chainlink, is also available, rebalanced monthly to reflect market movements.

Meanwhile, BlackRock is preparing to launch a Bitcoin ETP in Europe, signaling increased institutional interest in crypto assets.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.