Stockholm, 2nd of January 2024 – At present Virtune declares that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm (ISIN code SE0023260716, TICKER: VIRALT).
Along with the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio contains:
Virtune Bitcoin ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Prime 10 Index ETP
Index allocation as of thirtieth of December (earlier than rebalancing)
XRP: 18.00%
Chainlink: 17.07%
Litecoin: 14.55%
Uniswap: 14.94%
Avalanche: 12.00%
Cardano: 11.90%
Solana: 11.53%
Index allocation as of thirtieth of December (after rebalancing):
XRP: +6.94%
Chainlink: +5.08%
Uniswap +3.30%
Litecoin +0.17%
Solana: -20.5%
Avalanche: -20.6%
Cardano: -21.8%
In reference to this month’s rebalancing, there isn’t a change in the crypto belongings included in the index. Virtune Crypto Altcoin Index ETP final result for December was: -20.19%.
The rebalancing is carried out in accordance with the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index, and that is the 2nd rebalancing since the product was listed on the 4th of November 2024. The aim of the monthly rebalancing is to reset the weights of every crypto asset to supply equal-weighted publicity to altcoins.
In December, the crypto market skilled blended efficiency. XRP and Chainlink outperformed most main crypto belongings, with features of +6.94% and +5.08%. In the meantime, altcoins like Cardano confirmed a decline of -21.8%.
The efficiency of the crypto belongings included in Virtune Crypto Altcoin Index ETP in December:
XRP: +6.94%
Chainlink: +5.08%
Uniswap +3.30%
Litecoin +0.17%
Solana: -20.5%
Avalanche: -20.6%
Cardano: -21.8%
Virtune Crypto Altcoin Index ETP is the first of its sort in the Nordic area. It contains as much as 10 main various crypto belongings (altcoins), excluding Bitcoin and Ethereum, which might be a part of the Nasdaq Crypto Index. Every altcoin is equally weighted to advertise diversification, this construction permits traders to achieve broad publicity to crypto belongings past Bitcoin and Ethereum with out being closely concentrated in any single crypto asset.
In case you, as an (institutional) investor, are occupied with assembly Virtune to debate the potentialities with our ETPs on your asset administration/discretionary asset administration providing, to study extra about Virtune and/or the firm’s ETPs, please don’t hesitate to contact us at hi there@virtune.com. You can even learn extra about Virtune and our ETPs on www.virtune.com and register your e-mail tackle on our web site to subscribe to our newsletters that covers updates on Virtune’s upcoming ETP launches and different information associated to digital belongings.
Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64
Virtune with its headquarters in Stockholm is a regulated Swedish digital asset supervisor and issuer of crypto trade traded merchandise on regulated European exchanges.
With regulatory compliance, strategic collaborations with trade leaders and our proficient crew, we empower traders on a world degree to entry progressive and complicated funding merchandise which might be aligned with the evolving panorama of the world crypto market.
Cryptocurrency investments are related to excessive threat. Virtune doesn’t present funding recommendation. Investments are made at your individual threat. Securities could enhance or lower in worth, and there’s no assure that you’ll get better your invested capital. Please learn the prospectus, KID, phrases at www.virtune.com.
