TechFlow, November 5 — According to Globenewswire, Virtune, a Swedish regulated crypto asset management company, announced the launch of the Virtune Crypto Index ETP (STABLE) on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra.
This product is Europe's first exchange-traded product focused on the stablecoin ecosystem, offering institutional and retail investors diversified exposure to stablecoin infrastructure and blockchains. The product is 100% backed by underlying crypto assets held in Coinbase cold wallets, carries a 1.95% annual management fee, and is rebalanced quarterly.
As of November 4, the index composition was: Ethereum 42.90%, XRP 23.50%, Solana 18.43%, Chainlink 6.06%, Stellar Lumen 5.75%, and Aave 3.36%.
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