TechFlow News, January 26: According to GlobeNewswire, Virtune—a Swedish regulated crypto asset management company—has launched a new cryptocurrency exchange-traded product (ETP), the Virtune BNB ETP, on Nasdaq Stockholm, the largest securities exchange in the Nordic region.
This product is a physically backed exchange-traded product designed to provide investors with a secure and low-cost avenue for investing in BNB. The Virtune BNB ETP offers 1:1 exposure to BNB, carries an annual management fee of 1.95%, and is fully backed 100% by physical BNB. Its ticker symbol is VIRBNB, and it trades in Swedish kronor.
Christopher Kock, CEO of Virtune, stated that this launch represents a natural extension of the company’s product development, offering investors access to one of the most mature crypto assets in the market.
