Virtune AB (Publ) is launching Virtune Chainlink ETP on Nasdaq Stockholm
Stockholm, November 30th, 2023 – Virtune, a Swedish regulated digital asset manager in Sweden is launching a new innovative crypto ETP on Nasdaq Stockholm, the largest stock exchange in the Nordic region. Today, Virtune is announcing the introduction of Virtune Chainlink ETP, providing exposure to Chainlink through a proven and well established financial instrument with a 100% physically backed structure.
The ETP which is 100% physically backed and fully collateralized is denominated in SEK for the Swedish audience and is available on Avanza and Nordnet.
Chainlink is currently among the top 15 largest cryptocurrencies with a market capitalization of about USD 8,2 billion and has experienced a 165% growth during 2023 year to date. Chainlink acts like a bridge for smart contracts on different blockchains, making them all work together. It does this using a decentralized oracle network, which helps blockchains talk to external things like data feeds, events, and payment methods in a secure way. This gives complex smart contracts the necessary information from the outside world, making them the main way people agree on things in the digital space.
This ETP caters to institutional investors as well as retail investors, serving the growing demand from investors in the Nordics that have been waiting for a seamless way to gain exposure to Chainlink.
Key Information about the ETP:
- 1:1 exposure to Chainlink
- 100% physically backed
- 1.49% annual management fee
Virtune Chainlink ETP
- Full name: Virtune Chainlink ETP
- Short name: Virtune Chainlink
- Trading currency: SEK
- First day of trading: Thursday 30th of November
- Ticker: VIRLINK
- ISIN: SE0021149259
Christopher Kock, CEO of Virtune:
“We are very happy to introduce the first Chainlink ETP in the Nordics after experiencing a growing demand from the Nordic audience. Chainlink is a promising platform which has been proven through its collaboration with large financial institutions. Virtune Chainlink ETP is a 100% physically backed Chainlink product which offers investors an easy, transparent and secure way to gain exposure to Chainlink through a regulated structure listed on Nasdaq Stockholm, reinforced by the support of industry-leading service providers.”
If you are an institutional investor interested in exploring the potential of our current and upcoming ETPs for your discretionary asset management or wish to learn more about Virtune and our product offering, please feel free to contact us. Visit www.virtune.com for more information, and register your email address on our website to receive updates on upcoming ETP launches and other news related to digital assets.
Press contact:
Christopher Kock, CEO Virtune AB (Publ)
christopher@virtune.com
+46 70 073 45 64
Virtune with its headquarters in Stockholm is a fully regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.
With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.
