Virtune, a company regulated by the Swedish Financial Supervisory Authority (FSA), has launched its carbon-neutral Bitcoin Exchange-Traded Product (ETP) on Boerse Stuttgart in Germany, following its success in Nordic markets. The product, known as VIRBTC, began trading on Nasdaq Stockholm and Boerse Stuttgart on Sunday, with Coinbase (NASDAQ:COIN) acting as the custodian.
The introduction of VIRBTC comes amidst the crypto market's recent rise and represents Virtune's commitment to providing investors with secure and environmentally responsible investment options. By partnering with ClimatePartner to calculate the related carbon emissions, Virtune ensures that their Bitcoin ETP aligns with growing investor interest in sustainability.
VIRBTC is designed to cater to both retail and institutional investors, offering educational resources and a transparent investment strategy. The ETP features an annual fee of 1.49% and trades under ISIN SE0020845709. To facilitate market liquidity for this product as well as others like the Virtune Crypto Top 10 Index ETP and Virtune Staked Ethereum ETP, Lang & Schwarz are on board.
With the Swedish FSA's oversight and adherence to Nasdaq's stringent standards, Virtune AB (Publ) aims to provide seamless access to cryptocurrency investments while prioritizing financial security and environmental sustainability.
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