As reported by MarsBit, Swedish regulated crypto asset manager Virtune has launched the Virtune Stablecoin Index ETP (STABLE) on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra. This is the first European ETP focused on the stablecoin ecosystem, offering diversified exposure to stablecoin infrastructure and blockchain. The product is 100% backed by underlying crypto assets stored in Coinbase cold wallets, with a 1.95% annual management fee and quarterly rebalancing. As of November 4, the index allocation includes Ethereum (42.9%), XRP (23.5%), Solana (18.43%), Chainlink (6.06%), Stellar Lumen (5.75%), and Aave (3.36%).
Swedish Crypto Asset Manager Virtune Launches Stablecoin ETP on Major Exchanges
QCP CapitalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.