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Virtune Avalanche ETP

Listed on Nasdaq Stockholm

Virtune Avalanche ETP is a physically backed exchange-traded product (ETP) designed to offer investors a secure and cost-effective way to gain exposure to Avalanche (AVAX). This is made possible through a transparent and physically backed structure with institutional security.

Available on you local broker

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A Customizable Blockchain Built for Scalability

Avalanche is a blockchain with high capacity and fast transactions designed for decentralized applications of any scale. It stands out for its unique architecture that allows users to create their own blockchains tailored to their needs. These can operate in parallel, optimizing both scalability and performance for the entire network. Avalanche's own crypto asset is called AVAX.

Key Features of Avalanche:

Customizable Blockchains

Unlike most other platforms that offer a standardized solution, Avalanche allows users to create their own customized blockchains for specific use cases. Each chain can have its own rules and validators, while benefiting from the overall security of the Avalanche network, enabling a high degree of flexibility and customization.

Consensus Mechanism

Avalanche uses a new type of consensus mechanism called 'Avalanche Consensus,' which is based on a proof-of-stake model. This mechanism combines the benefits of both classical consensus protocols, offering low latency and high throughput, and Nakamoto consensus protocols, offering robust security in a decentralized environment.

Scalability without Compromises

Avalanche can handle up to 4,500 transactions per second without compromising on decentralization or security.

Smart Contracts

Avalanche supports smart contracts that are compatible with Ethereum, meaning developers can use existing tools like Solidity and Remix to create and deploy decentralized applications (dApps) on the platform. This simplifies migration from other blockchains and enables rapid development and deployment of new applications.

Secure

Virtune Avalanche ETP provides exposure to Avalanche through a 100% physically backed and regulated investment product listed on Nasdaq Stockholm. Coinbase, the global leader in institutional custody solutions, serves as the custodian for securely storing AVAX in cold-storage.

Traded directly

This product allows you to expose yourself to Avalanche in as straightforward a manner as trading a stock through your online broker. Your investment in Avalanche is managed alongside your other securities investments.

Safety measures for you as an investor

Physically backed

Our product is 100% physically backed, meaning that we always store AVAX with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.

Collateral Agent

Virtune employs a Collateral Agent whose purpose is to protect and represent investors in our products. The cryptocurrencies held in cold storage (offline) at Coinbase are separate from Virtune's balance sheet.

Historical Performance

Last updated: 2024-10-04

No data available between the given time interval

VIRAVAX

How to invest

Our products can be traded through a regular account with several online brokers.

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Key information and documents

Product information
1.49%
VIRAVAX SS
SE0022050092
Virtune AB (Publ)
N/A
Product Statistics

Last updated : 2024-10-04

$712 912
2800000
$0.25
2024-07-04
0.00996211
Partners
Coinbase Custody Trust Company, LLC
Flow Traders B.V.
Flow Traders B.V
The Law Debenture Trust Corporation PLC
Formidium Corp.
Relevant documents
Exchange information
ExchangeExchange codeMarket MakerListing dateBloomberg code
Nasdaq StockholmVIRAVAXFlow Traders B.V.2024-07-04VIRAVAX
Historical Performance

Last updated : 2024-10-04

YearQ1Q2Q3Q4YTD
2024 4.02%-7.49%-5.80%

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Frequently asked questions

Swedish company

Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.

Trusted partners

Virtune cooperates with international and market-leading partners to create secure and innovative investment products.

Financial institution

Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.

Virtune logo

We are Virtune

Our name, Virtune, is a combination of the words ”virtual” and ”fortune”. We strongly believe that the future of the crypto market holds exciting potential. Through traditional financial products traded on stock exchanges, we provide both institutional and retail investors with access to the world of crypto. This is the Virtune way.