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Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for April 2024 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics.

Written by Customer Service on . Posted in Public Companies.

Stockholm, 2nd of May 2024 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP where several new cryptocurrencies including Solana, XRP and Cardano are being added.

The product is listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes Virtune Staked Solana ETP, Virtune Staked Polygon ETP, Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Chainlink ETP, Virtune Staked Polkadot ETP, and Virtune Arbitrum ETP.

Index allocation as of 30th of April (before rebalancing):

Bitcoin: 41.47%
Ethereum: 41.65%
Polkadot: 4.63%
Chainlink: 4.01%
Litecoin: 2.90%
Uniswap: 2.31%
Stellar: 1.59%
Arbitrum: 1.46%

Index allocation as of 30th of April (after rebalancing):

Bitcoin : 40.00%
Ethereum: 40.00%
Solana: 8.23%
XRP: 3.58%
Cardano : 2.12%
Avalanche: 1.72%
Polkadot: 1.24%
Bitcoin Cash 1.19%
Chainlink: 1.06%
Polygon: 0.86%

As part of this month’s rebalancing, new crypto assets have been added to the index. The newly added crypto assets are Solana, Cardano, Avalanche, Polygon, XRP, and Bitcoin Cash. Meanwhile, the existing crypto assets being excluded are Uniswap, Litecoin, Arbitrum, and Stellar. Virtune Crypto Top 10 Index ETP SEK outcome for April was -12.19%.

The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index, and this is the twelfth rebalancing since the product was listed on May 15th 2023. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the cryptocurrency market.

In April, the crypto market experienced a pullback, with Bitcoin undergoing a -14.7% decrease following seven months of growth. Additionally, several altcoins also saw significant declines during the month.

The performance of the cryptocurrencies included in Virtune Crypto Top 10 Index ETP in April:

Uniswap -45.7%

Arbitrum -38.6%

Polkadot -33.4%

Chainlink -31.5%

Litecoin -24.3%

Stellar -23.9%

Ethereum -17.2%

Bitcoin -14.7% 

Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading cryptocurrencies that are part of the Nasdaq Crypto Index, based on their total market value, with a maximum weight of 40% per cryptocurrency to promote diversification. This allows investors to benefit from broad exposure to the cryptocurrency market without being heavily concentrated in any single cryptocurrency.

If you, as an (institutional) investor, are interested in meeting Virtune to discuss the possibilities with our ETPs for your asset management/discretionary asset management offering, to learn more about Virtune and/or the company’s ETPs, please do not hesitate to contact us at hello@virtune.com.

You can also read more about Virtune and our ETPs on www.virtune.com and register your email address on our website to subscribe to our newsletters that covers updates on Virtune’s 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.

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