Skip to main content

Virtune introduces an innovative staked Ethereum ETP into the German market

Written by Customer Service on . Posted in Public Companies.

Stuttgart, 28th of September 2023 – Virtune, a regulated crypto ETP (“Exchange Traded Product”) issuer, based in Stockholm Sweden, is pleased to announce the admission of the Virtune Staked Ethereum ETP into the German market on Boerse Stuttgart.

The crypto market has experienced a considerable slow down in the past months, marked by outflows from ETPs in Europe. Nevertheless, Virtune has witnessed strong traction in the Nordic markets with continuous steady inflows, making this expansion a natural progression for the company.

Virtune Staked Ethereum ETP is a 100% physically backed ETP with Coinbase serving as its crypto custodian. This ETP offers investors exposure to Ethereum coupled with staking yield enhancements, which can generate an additional return on its Ethereum exposure.

Virtune, a registered financial institution under the Swedish Financial Supervisory Authority (FSA), has demonstrated its unwavering commitment to compliance and financial security through its regulated status and complied with the stringent requirements set by Nasdaq. The Swedish FSA approved the company’s base prospectus on April 5th, 2023 and as a result, the company has been admitting ETPs to Nasdaq Stockholm as part of its core strategy. Virtune’s overarching goal is to offer seamless access to crypto for both institutional and retail investors through innovative ETPs, transparency and education.

Christopher Kock, CEO of Virtune:
“We are thrilled to introduce our Staked Ethereum ETP to the German investor audience after receiving an overwhelmingly positive response from investors in the Nordic region. We believe that this offering provides investors with optimal exposure to Ethereum, thanks to its incorporation of staking, which offers an additional return on Ethereum. Furthermore, it’s worth noting that this ETP aligns with Virtune’s sustainability focus, as the transition to proof of stake has reduced Ethereum’s environmental impact by 99%. We have also already undergone a sustainability transition through our partnership with ClimatePartner.”

Lang & Schwarz is representing Virtune as the liquidity specialist for the ETP, ensuring that German retail investors can also conveniently and efficiently access the ETP through the Lang & Schwarz trading platform.

Key Information about the Product:

  • Exposure to Ethereum combined with staking provides an additional annual return on your Ethereum investment
  • 100% physically backed
  • Non-custodial staking
  • 1.40% annual management fee

Virtune Staked Ethereum ETP:

  • Trading currency: EUR
  • First day of trading: Thursday 28th of September
  • Ticker: VIRSETHS
  • ISIN: SE0020541639
  • WKN: A3G8J8
  • Kuerzel: V10E
  • Exchanges: Nasdaq Stockholm, Boerse Stuttgart

Stockholm on 28th of September 2023,

For any questions contact:
Christopher Kock, CEO & member of the Board of Directors
Mobile: +46 70 073 45 64
Email: christopher@virtune.com

About Virtune AB (Publ)
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 skilled team, we provide investors on a global scale with access to innovative and sophisticated investment products that are aligned with the changing landscape of the global crypto market.

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.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.