Coinspeaker
Virtune Expands into Netherlands with Staked Solana ETP
Virtune is a company that manages digital assets and offers crypto Exchange Traded Products (ETPs). The company is expanding to the Netherlands by listing the Virtune Staked Solana ETP on Euronext Amsterdam.
Virtue has been growing continuously in the Nordics since it was launched in May 2023. It has listed a total of 12 products and has over 31,000 investors in its products in less than a year.
The company’s focus on education, transparency, and its regulated status not only addresses the growing interest in crypto but also helps it gain more popularity across Europe.
Virtune CEO Christopher Kock said the company is excited to expand into the Dutch market. He discussed launching the Staked Solana ETP in the Nordics and revealed their goal to help people learn about cryptocurrency. This ETP will give Dutch investors more access to Solana, a top blockchain, and they can earn extra returns by staking. He said:
“We are thrilled to expand into the Netherlands with the introduction of our Staked Solana ETP to the Dutch investor community after its successful launch in the Nordic markets. Since our inception in May 2023, we have worked tirelessly to drive crypto adoption through educational efforts in the Nordics and we are excited to extend these efforts to the Dutch financial market. This ETP provides investors with enhanced exposure to Solana, one of the leading and most influential blockchains globally, while also offering additional returns through included staking”
Details of the Virtune Staked Solana ETP
The Virtune Staked Solana ETP provides investors with exposure to Solana while incorporating the benefits of staking. Thus, with staking now included in the system, an investor can expect a 3% annual return on the investment made in the ETP.
The management fee has also been set at 0.95% per year. Similar to all Virtune ETPs, the Virtune Staked Solana ETP is 100% physically supported by SOL tokens.
Moreover, Virtune has placed the security of the token as one of their priorities. Hence, the underlying SOL tokens are securely stored in cold storage with Coinbase as the custodian. The ETP is denominated in EUR and is available on brokerage platforms like Degiro, making it easily accessible for European users.
The ETP has been made available for trading since September 17th on Euronext Amsterdam, and it can be identified on the exchange using the ticker symbol VRTS. Additionally, investors can also track the ETP on Bloomberg under the ticker VIRSOL.
Virtune is registered under the Swedish Financial Supervisory Authority (FSA). It has obtained EU Base Prospectus license, enabling its strategy to list ETPs on regulated exchanges. The company has made it its mission to enable easy access to crypto for both institutional and retail investors through innovative products, transparency, and educational efforts.
