Virtune AB (Publ) ("Virtune") has completed the monthly rebalancing for March 2024 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics
02 Avril 2024 - 9:12AM
Virtune AB (Publ) ("Virtune") has completed the monthly rebalancing
for March 2024 of its Virtune Crypto Top 10 Index ETP, the first
crypto index ETP in the Nordics
Virtune AB (Publ) ("Virtune") has completed the monthly
rebalancing for March 2024 of its Virtune Crypto Top 10 Index ETP,
the first crypto index ETP in the Nordics.
Stockholm, 2nd of April 2024 - Today Virtune announces that it
has finalized its monthly rebalancing for Virtune Crypto Top 10
Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated
(ISIN code SE0020052207, ticker name VIR10SEK) and the
EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR)
ETP.In addition to the Virtune Crypto Top 10 Index ETP, Virtune's
product portfolio includes Virtune Bitcoin ETP, Virtune Staked
Ethereum ETP, Virtune Chainlink ETP, Virtune Staked Polkadot ETP,
and Virtune Arbitrum ETP.
Index allocation as of 28th of March (before rebalancing):
Bitcoin 42.12%Ethereum 38.41%Polkadot 5.47%Chainlink
5.37%Litecoin 3.09%Uniswap 2.64%Stellar 1.88%Arbitrum 1.02%
Index allocation as of 28th of March (after rebalancing):Bitcoin
40.00%Ethereum 40.00%Polkadot 5.70%Chainlink 4.72%Litecoin
2.78%Uniswap 2.46%Arbitrum 1.94%Stellar 1.67%
In connection with this month's rebalancing, there is no change
in the cryptocurrencies included in the index. Virtune Crypto Top
10 Index ETP SEK outcome for March was +9.31%.
The rebalancing is carried out according to the index that the
ETP tracks, the Virtune Vinter Crypto Top 10 Index, and this is the
eleventh rebalancing since the product was listed on May 15th 2023.
The purpose of the monthly rebalancing is to ensure that the ETP
always reflects the current market conditions and to effectively
absorb volatility in the cryptocurrency market.
In March, the cryptocurrency market experienced a strong
development with Bitcoin showing an increase of +16.3%. Several
altcoins had a positive trend where Litecoin had an increase of
+31.2%, Polkadot +16.2%, and Uniswap +16.3%.The performance of the
cryptocurrencies included in Virtune Crypto Top 10 Index ETP in
March:
Litecoin +31.2%
Uniswap +16.3%
Bitcoin +16.3%
Polkadot +16.2%
Stellar +15.6%
Ethereum +8.92%
Chainlink -0.90%
Arbitrum -14.7%
Virtune's crypto index ETP is the first of its kind in the
Nordic region. The ETP includes up to 10 leading cryptocurrencies
that are part of the Nasdaq Crypto Index, based on their total
market value, with a maximum weight of 40% per cryptocurrency to
promote diversification. This allows investors to benefit from
broad exposure to the cryptocurrency market without being heavily
concentrated in any single cryptocurrency.
If you, as an (institutional) investor, are interested in
meeting Virtune to discuss the possibilities with our ETPs for your
asset management/discretionary asset management offering, to learn
more about Virtune and/or the company's ETPs, please do not
hesitate to contact us at hello@virtune.com. You can also read more
about Virtune and our ETPs on www.virtune.com and register your
email address on our website to subscribe to our newsletters that
covers updates on Virtune's upcoming ETP launches and other news
related to digital assets.
Press contact
Christopher Kock, CEO Virtune AB
(Publ)Christopher@virtune.com+46 70 073 45 64
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