Skip to main content

Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for November 2024 of its Virtune Crypto Altcoin Index ETP

Written by Customer Service on . Posted in Public Companies.

Stockholm, 2nd of December 2024 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm (ISIN code SE0023260716, TICKER: VIRALT).

In addition to Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:

Virtune Bitcoin ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Polygon ETP 
Virtune Staked Cardano ETP
Virtune Crypto Top 10 Index ETP

Index allocation as of 29th of November (before rebalancing):

XRP: 23.80%
Cardano: 21.62%
Avalanche: 12.21%
Uniswap: 11.67%
Chainlink: 10.78%
Solana: 9.98%
Litecoin: 9.94%

Index allocation as of 29th of November (after rebalancing):

Cardano: 14.29%
Litecoin: 14.29%
Solana: 14.29%
Uniswap: 14.29%
XRP: 14.29%
Avalanche: 14.29%
Chainlink: 14.29%

In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Altcoin Index ETP outcome for November was +103.14%.
 
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index, and this is the first rebalancing since the product was listed on the 4th of November 2024. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.

In November, the crypto market experienced strong momentum. XRP and Cardano outperformed most major crypto assets, with gains of +281.7% and +216%, respectively. Bitcoin and Ethereum also had strong performances, increasing by 37.4% and 47.4%.

The performance of the crypto assets included in Virtune Crypto Altcoin Index ETP in November:
XRP: +281.7%
Cardano: +216.0%
Avalanche: +79.8%
Uniswap 68.1%
Chainlink: +66.9%
Litecoin: +48.6%
Solana: +41.3%

Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification, this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.

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.

Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.