Virtune, a Swedish regulated digital asset manager, has announced that it will list the first physically-backed multi-asset cryptocurrency ETP on Nasdaq Stockholm. The ETP tracks the Virtune Vinter Crypto Top 10 Index (VTOP10) built by Vinter, the Swedish BMR index provider.
This ETP is a proven and tested tool that passively gains exposure to the underlying blockchain protocol. Physical backing means that all assets in the ETP are fully collateralized with the underlying crypto asset. The VTOP10 Index provides exposure to 85% of the crypto market by investing in the top ten crypto assets by market capitalization.
Virtune rebalances the index monthly and provides dynamic exposure to new cryptocurrencies as they enter the index. The index caps its investment in each constituent asset at 40% to increase diversification. VTOP10 ETP will be available to both retail and institutional investors. (Globe Newswire)