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Virtune AB (Publ) ('Virtune') has completed the monthly rebalancing for December 2023 of the Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

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Written by Virtune

Virtune AB (Publ)

Published

2024-01-04

Stockholm, 4th of January 2024 - Virtune announces today 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.




Allocation as of 29th of December 2023 (before rebalancing):


Ethereum 39.66%
Bitcoin 38.86%
Chainlink 5.41%
Polkadot 6.25%
Litecoin 3.47%
Uniswap 2.93%
Stellar 2.21%
Arbitrum: 1.17%


Allocation as of 29th December 2024 (after rebalancing):


Bitcoin 40.00%
Ethereum 40.00%
Polkadot 5.75%
Chainlink 5.32%
Litecoin 3.40%
Uniswap 2.33%
Stellar 2.26%
Arbitrum 0.92%


In connection with this month's rebalancing, there is no change in the cryptocurrencies included in Virtune Crypto Top 10 Index ETP SEK / EUR.


The rebalancing is carried out according to the index that the ETP follows, the Virtune Vinter Crypto Top 10 Index, and this is the eights 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.


The performance of Virtune Crypto Top 10 Index ETP SEK for December was +14.27%.


In December, the cryptocurrency market experienced strong growth, with Bitcoin showing an increase of around +11.9%. Altcoins also had a positive trend, with several of them experiencing significant gains, such as Arbitrum with a +55.6% increase.


The performance of the cryptocurrencies included in Virtune Crypto Top 10 Index ETP in December 2023:


Cryptocurrency  Performance

Arbitrum          +55.6%
Polkadot           +49.7%
Uniswap           +21.1%
Bitcoin             +11.9%
Ethereum         +11.1%
Stellar              +9.6%
Chainlink          +6.6%
Litecoin            +4.7%


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 currency.


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 receive 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


Virtune with its headquarters in Stockholm is a fully regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.


With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.