Punyan has introduced two more Crypto ETPs at Nasdaq Helsinki Stock Exchange after the mass listing of five ETPs last January.
One in Press releaseAsset Management firm Verchuan announced the launch of two new crypto exchange-traded products: Nidune Avlancing (AVX) ETP and Virtune Staked Cardano (Ada) ETP Nasdaq Helsinki. This is the first time a cardano-supported ETP and an avalanche-supported ETP has been introduced in Finland’s stock market.
By trading the crypto-supported ETP, investors are given an explosion for digital assets such as avalanche and cardano through the meantime ETP. According to the press release, both ETPs are physically supported and are completely collateral. In addition, both the virtuous avalanche ETP and virtuous stacked cardano ETP are depicted in the euro, making it easier for Finnish traders to invest in the product.
In the case of virtuous stacked cardano ETPS, asset management firm provides 2% annual returns to investors through their staking rewards programs.
Both ETPs will be listed with Tickers Viravaxe and Viradae on Nasdaq Helsinki and Nasdaq Stockholm. Both products are accessible through brokers and banks such as Nordate.
Punya introduced the first crypto ETP in Finland
Christopher Coke, CEO of Virtuan, said that the company is trying to expand its local offerings in Finland by introducing the first avalanche ETP and Stacked Cardano ETP at the Stock Exchange. He said that both the products are 100% physically supported and “stored in cold storage” are with a coinbase as the official custodian.
“They are accessible to both institutional and retail investors through various brokers and banks,” said Coke.
Last January, Virtuan launched five different crypto-supported ETPs, making them the first batch of Finland’s first crypto exchange-traded products, which were introduced on Nasdaq Helsinki. This was also the largest Crypto ETP launch in Nordic history as they open Finland’s € 20.5 billion ETP market for Crypto products.
Five Crypto ETPs include Bitcoin (BTC), XRP (XRP), and an altcoin index -supported products supported by major cryptocurrency that can track up to 10 major altcoins. Punyan offered staking rewards for ETPS supported by Etreum (Eth) and Solana (SOL).
