Virtune Expands Crypto ETP Offerings in Finland with Avalanche and Cardano

• Virtune expands in Finland with AVAX & ADA ETPs, boosting crypto investment options for retail and institutional investors.
• Staked Cardano ETP offers a 2% yield, combining price exposure with passive income, catering to growing demand in Finland.
• Secure cold storage via Coinbase ensures investor protection as Finland’s €20.5B ETP market embraces more crypto products.

Swedish crypto asset manager Virtune has expanded its crypto exchange-traded products portfolio in Finland. The company launched two new ETPs tracking Avalanche (AVAX) and Cardano (ADA), which started trading on Nasdaq Helsinki on February 5 after being earlier listed on Nasdaq Stockholm. This move came just weeks after Virtune introduced five other crypto-backed ETPs.

Virtune Strengthens Crypto Investment Access

Virtune’s new offerings provide investors with direct exposure to Avalanche and Cardano. The Virtune Avalanche ETP offers 1:1 backing with AVAX, ensuring investors have direct asset exposure. Meanwhile, the Virtune Staked Cardano ETP provides the same physical backing for ADA, along with a 2% annual return from staking rewards.

According to Virtue’s chief executive officer Christopher Kock, this means an increasing appetite among domestic investors for diversified crypto exposure. He also said his firm was thus able to grow its product portfolio. Moreover, both the ETPs will be offered to institutional and retail investors, expanding access to crypto investing in Finland.

Security and Market Impact

The assets backing these ETPs are securely stored in cold storage through Coinbase, ensuring maximum security for investors. Additionally, the launch strengthens Finland’s growing crypto investment market. The country’s €20.5 billion ETP market is growing open to crypto products, which is a change in investor preference.

Avalanche and Cardano are in 12th and 9th positions among all cryptocurrencies by market capitalization. Also, Cardano has gained quite some interest among analysts. Veteran trader Peter Brandt made a prediction pointing at ADA entering the big bull market. Between November 18 and December 3, ADA jumped 88.8%, reaching $1.33-its three-year high.

Consequently, Virtune’s introduction of a staked Cardano ETP allows investors to capitalize on both price appreciation and staking rewards. This makes it an attractive option for those seeking passive income in addition to market exposure.

Furthermore, the launch cements Virtune’s leadership in the Nordic region’s crypto ETP market. As regulatory clarity improves and institutional interest grows, Finland’s crypto investment landscape is set for further expansion. The introduction of these products marks a crucial step toward mainstream crypto adoption in the region.