Stockholm, third of June 2024 – Right now Virtune publicizes that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for each the SEK-denominated (ISIN code SE0020052207, ticker title VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker title VIR10EUR) ETP.
Along with the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio consists of: Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Chainlink ETP, Virtune Staked Polkadot ETP, Virtune Arbitrum ETP, Virtune Staked Solana, Virtune Staked Polygon and Virtune Staked Cardano.
Index allocation as of thirty first of May (earlier than rebalancing):
Ethereum: 42.10%
Bitcoin: 37.89%
Solana: 9.05%
XRP: 3.26%
Cardano: 1.8%
Avalanche: 1.58%
Chainlink: 1.21%
Polkadot: 1.16%
Bitcoin Money: 1.06%
Polygon: 0.76%
Index allocation as of thirty first of May (after rebalancing):
Bitcoin 40%
Ethereum: 40%
Solana: 8.85%
XRP: 3.48%
Cardano 1.92%
Avalanche: 1.75%
Polkadot 1.22%
Chainlink: 1.12%
Polygon: 0.84%
Litecoin: 0.74%
In reference to this month’s rebalancing, there has been a change in the crypto property included in the index. Bitcoin Money has been faraway from the index and Litecoin has entered the index. Virtune Crypto Top 10 Index ETP SEK consequence for May was +19.90%.
The rebalancing is carried out in response to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index, and that is the thirteenth rebalancing since the product was listed on May fifteenth 2023. The aim of the monthly rebalancing is to make sure that the ETP at all times displays the present market situations and to successfully take in volatility in the crypto market.
In May, the crypto market skilled a powerful improvement with Bitcoin exhibiting a rise of +11.1% and Ethereum +24.7%. Altcoins had a optimistic pattern the place Chainlink had a rise of +40.2%, Solana +30.5% and Avalanche +10.1%.
The efficiency of the crypto property included in Virtune Crypto Top 10 Index ETP in May:
Chainlink +40.2%
Solana +30.5%
Ethereum +24.7%
Bitcoin +11.10%
Avalanche +10.10%
Polkadot +8.67%
Litecoin +4.72%
Polygon +4.04%
XRP +3.17%
Cardano +1.36%
Virtune’s crypto index ETP is the first of its type in the Nordic area. The ETP consists of as much as 10 main crypto property which might be half of the Nasdaq Crypto Index, primarily based on their complete market worth, with a most weight of 40% per cryptocurrency to advertise diversification. This permits traders to profit from broad publicity to the crypto market with out being closely concentrated in any single crypto asset.
In case you, as an (institutional) investor, have an interest in assembly Virtune to debate the prospects with our ETPs for your asset administration/discretionary asset administration providing, to be taught extra about Virtune and/or the firm’s ETPs, please don’t hesitate to contact us at hello@virtune.com.
It’s also possible to learn extra about Virtune and our ETPs on www.virtune.com and register your e mail deal with on our web site to subscribe to our newsletters that covers updates on Virtune’s upcoming ETP launches and different information associated to digital property.
Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64
Virtune with its headquarters in Stockholm is a completely regulated Swedish digital asset supervisor and issuer of crypto alternate traded merchandise on regulated European exchanges.
With regulatory compliance, strategic collaborations with business leaders and our proficient group, we empower traders on a world stage to entry modern and complex funding merchandise which might be aligned with the evolving panorama of the world crypto market.
Advertising and marketing from Virtune AB. Cryptocurrency investments are related to excessive threat. Virtune doesn’t present funding recommendation. Investments are made at your personal threat. Securities could improve or lower in worth, and there’s no assure that you’ll get well your invested capital. Please learn the prospectus, KID, phrases at www.virtune.com.
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