Virtune lists Cardano and Avalanche ETPs on Nasdaq Helsinki

Swedish digital asset manager Virtune has introduced Avalanche (CRYPTO:AVAX) and Cardano (CRYPTO:ADA) exchange-traded products (ETPs) on Nasdaq Helsinki, expanding crypto investment options for Finnish investors.

These new ETPs, trading under the tickers VIRAVAXE and VIRADAE, offer direct exposure to Avalanche and Cardano.

Virtune CEO Christopher Kock stated that these products aim to meet the increasing demand from Finnish investors.

He highlighted that the assets are securely stored in cold storage with Coinbase as the custodian.

"These innovative products are 100% physically backed, with AVAX and ADA securely stored in cold storage with our custodian, Coinbase," Kock emphasised.

The Virtune Staked Cardano ETP provides a 2% annual return through staking rewards, in addition to direct Cardano exposure.

The Cardano ETP features a management fee of 1.49% and is tailored for European investors in Finland.

This launch follows Virtune's introduction of five crypto ETPs, including Bitcoin (CRYPTO:BTC), XRP (CRYPTO:XRP), Solana (CRYPTO:SOL), and Ethereum (CRYPTO:ETH).

In January, Virtune launched five crypto ETPs, marking Finland’s €20.5 billion ETP market to crypto products.

The firm now offers seven crypto-related ETPs in Finland with the addition of Avalanche and Cardano.

Virtune’s expansion reflects a growing trend in the European market, with firms like 21Shares and Bitwise launching crypto ETPs focused on assets like Solana.

While Cardano experienced a surge of nearly 89% between November and December 2024, it has recently faced a 21.36% decline over the past week.

At the time of reporting, the Cardano (ADA) price was $0.7133 and the Avalanche (AVAX) price was $24.61.