Virtune Launches Avalanche, Cardano ETP in Finland

Virtune, a Swedish crypto asset manager, has launched new exchange-traded products (ETPs) in Finland, giving investors easy access to Avalanche (AVAX) and Cardano (ADA).

Virtune CEO Christopher Kock described the new products as timely, pointing at the growing demand. Reports state that Finnish investors are seeking easy ways to invest in crypto assets.

Virtune Launches Avalanche and Staked Cardano ETPs on Nasdaq Stockholm

The Virtune Avalanche ETP directly tracks the price of AVAX, Avalanche’s native token. Meanwhile, the Virtune staked Cardano ETP tracks ADA’s price and provides access to an annual rate of 2%. Coinbase reportedly has custody of both products.

The ETPs are already available on Nasdaq Stockholm. This isn’t the first time Virtune has explored crypto ETPs. The company recently launched five new crypto ETPs, including an index that tracks multiple altcoins.

An ETP is a type of investment product that lets people invest in crypto without having to buy and store the actual coins themselves. It works like a regular stock that users can buy and sell on a stock exchange.

Crypto Investment is Heating Up

Virtune isn’t the only company launching crypto investment products. BlackRock, the world’s largest asset manager, is preparing to introduce a Bitcoin ETP in Europe. Many experts believe Bitcoin ETFs and ETPs could bring billions of dollars into the crypto market.

Most crypto users see this as a tool for greater mainstream adoption. With crypto becoming more appealing, these products are a good fit for users who do not want to deal with buying and storing crypto themselves. Companies like BlackRock make it easier for anyone to be involved with crypto.

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