Last updated on January 3rd, 2026 at 02:56 pm
Quick Breakdown
- Virtune launched Europe’s first stablecoin ecosystem index ETP across Nasdaq and Xetra.
- The product holds blockchain assets powering stablecoin networks, not stablecoins themselves.
- Available to both retail and institutional investors, stored securely in Coinbase cold storage and rebalanced quarterly.
Swedish digital asset manager Virtune has introduced what it calls Europe’s first stablecoin-focused index exchange-traded product (ETP), expanding investor access to the infrastructure underpinning the global stablecoin market. The product went live on November 5 across Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra.
Product launch across three exchanges
Trading under the Bloomberg ticker STABLE, the new Virtune Stablecoin Index ETP provides investors with diversified exposure to multiple blockchain networks that support and facilitate stablecoin issuance and adoption.
Virtune launches Europe’s first Stablecoin Index ETP!
Virtune is proud to announce the launch of the Virtune Stablecoin Index ETP, the first index ETP in Europe providing thematic exposure to the stablecoin sector.
The ETP is officially listed today on Nasdaq Stockholm, Nasdaq… pic.twitter.com/GXQVPbPQ8U
— Virtune (@VirtuneAB) November 5, 2025
On Nasdaq Stockholm and Nasdaq Helsinki, it lists as STABLEE, on Xetra, it trades under ticker VRTN. The ETP is accessible through popular European brokerage platforms, including Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero.
Supporting growing stablecoin demand
The launch comes amid accelerating stablecoin adoption in the financial sector, particularly among banks exploring 24/7 settlement and cost-efficient cross-border transfers. European banks have shown growing interest in issuing their own compliant stablecoins—with nine major institutions, including UniCredit and ING, recently announcing plans for a MiCA-compliant euro stablecoin.
However, euro-denominated stablecoins currently represent only a small slice of the global stablecoin market, which stands at $306 billion. The leading European tokens include Circle’s EURC, Stasis Euro (EURS), and EUR CoinVertible (EURCV)—collectively accounting for around $606.6 million in market capitalization.
How the Virtune stablecoin index works
While the ETP does not directly hold stablecoins, it holds cryptocurrencies powering blockchains where stablecoins circulate. The fund is fully physically backed, with underlying assets stored in cold storage at Coinbase Custody, and rebalanced quarterly. The product carries an annual management fee of 1.95%, with trading available in SEK and EUR.
Commenting on the debut, Helena Wedin, Head of ETF & ETP Services for European Markets at Nasdaq, highlighted the significance of the listing:
“The launch of the Virtune Stablecoin Index underscores the strong momentum in the ETP space and represents a significant milestone for both investors and the broader digital asset ecosystem.”
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