Virtune, a Swedish-regulated crypto asset manager, has made history by launching Finland’s first cryptocurrency ETPs on Nasdaq Helsinki.
Finnish investors can now securely access cryptocurrency investments through euro-denominated financial instruments following the launch of five distinct crypto ETPs by major Nordic brokers like Nordnet. This marks a significant milestone in Finland’s €20.5 billion ETP market, being the largest simultaneous crypto ETP launch in Nordic history. For the first time, investors in Finland can benefit from regulated staked ETPs, with staking rewards reflected in the daily price.
Virtune’s CEO, Christopher Kock, described the launch as a key achievement for the company and the Nordic region. He noted that the firm is proud to provide secure and regulated crypto investment options while advancing the adoption of crypto as a mainstream asset class.
The five physically backed and fully collateralized ETPs include offering exposure to Bitcoin, Ethereum with staking rewards, XRP, Solana with additional staking benefits, and an altcoin index tracking up to ten leading alternative cryptocurrencies. Each product is designed to simplify crypto investments while maintaining transparency and regulatory compliance.
Flow Traders, a leading global market maker, supports the listings, ensuring consistent liquidity, tight spreads, and reliable investor trading volumes. Helena Wedin, European Head of Exchange Traded Products at Nasdaq, expressed excitement about expanding services to Nasdaq Helsinki with Virtune as the first issuer, highlighting the significance of this achievement in enhancing local access to crypto products.
Henrik Husman, President of Nasdaq Helsinki, emphasized the importance of these ETPs, stating that they provide investors with alternative assets while maintaining the transparency of a regulated marketplace.
Meanwhile, Hashdex updated its S-1 application for the Hashdex Nasdaq Crypto Index US ETF for the second time. The revised filing, dated November 25 2024, followed the SEC’s request for additional time to review the proposal in August. Hashdex initially submitted its S-1 registration on June 24.
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