2%
Cardano is a blockchain platform striving to provide a more secure, transparent, and sustainable foundation for individuals and organizations to interact and transact on. One of Cardano's primary goals is to create a more fair and accessible economic infrastructure for the world's population.
Cardano utilizes Ouroboros, an energy-efficient proof-of-stake (PoS) consensus mechanism, minimizing energy consumption.
Cardano's infrastructure supports a variety of dApps, from DeFi and gaming to NFT marketplaces.
By employing PoS, Cardano can efficiently handle transactions, reducing the need for complex node coordination. This results in lower costs and energy consumption compared to traditional Proof of Work (PoW) systems.
Rewards:
Just like a bank gives you interest for keeping your money with them, staking gives you rewards in the form of additional cryptocurrency.
Passive Income:
Once you've staked your cryptocurrency, you can earn rewards without doing anything. This can be seen as a form of passive income.
Network Participation:
Staking plays a vital role in the network in order for a blockchain to work. The more people that participate in staking, the more secure the network become.
Cardano gets staked directly from cold-storage at our custodian Coinbase.
Staking rewards are paid out continuously in the form of new Cardano.
New Cardano is added continuously to the product, resulting in additional yield generated from staking being reflected in the ETP's price daily.
This results in Virtune Staked Cardano ETP providing exposure to Cardano with enhanced yield through staking.
We utilize non-custodial staking, meaning we stake directly from cold-storage. This means under no circumstances do we transfer cryptocurrencies to a third party outside our control.
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.
Our product is 100% physically backed, meaning we always store Cardano at our custodian Coinbase at a value equivalent to at least 100% of the value of all our ETPs.
Virtune Staked Cardano ETP provides exposure to Cardano 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 Cardano in cold-storage.
This product allows you to expose yourself to Cardano in as straightforward a manner as trading a stock through your online broker. Your investment in Cardano is managed alongside your other securities investments. Additionally, the product can be held in your ISK (Investeringssparkonto) or capital insurance, potentially providing tax advantages.
Last updated: 2024-07-04
Compare performance:
Fee
Bloomberg
ISIN
Issuer
WKN
Last updated : 2024-07-04
Assets under management
Units outstanding
NAV per unit
Inception Date
Cardano per ETP
Custodian
Market maker
Authorised Participant
Collateral Agent
Administrator
Exchange | Exchange code | Market Maker | Listing date | Bloomberg code |
---|---|---|---|---|
Nasdaq Stockholm | VIRADA | Flow Traders B.V. | 2024-05-15 | VIRADA |
Last updated : 2024-07-04
Year | Q1 | Q2 | Q3 | Q4 | YTD |
---|---|---|---|---|---|
2024 | -5.00% | -12.03% |
The world's largest cryptocurrency
Store of value
1.49% annual management fee
The world's second largest cryptocurrency
Staking for improved return
Non-custodial staking for increased security
1,40% annual management fee
Broad exposure to up to 10 leading cryptocurrencies
Rules-based index strategy
Monthly rebalancing to reflect current market conditions
1,95% annual management fee
Chainlink collaborates with world-leading financial institutions
Connects traditional finance with crypto
1.49% annual management fee
Connecting blockchains together
4% additional annual return through staking
Non-custodial staking for increased security
1.49% annual management fee
Layer 2 scaling solution for Ethereum
Enhances Ethereum's smart contract efficiency
1,95% annual management fee
Manages thousands of transactions per second
3% additional annual return through staking
Non-custodial staking for increased security
Lightning-fast transactions, minimal fees
2% extra annual return through staking
Non-custodial staking for increased security
Cheap and fast transactions
Specialized in cross-border payments
Used by financial institutions all over the world
Designed for scalability
Growing ecosystem with diverse use cases
Smart contracts with great capabilities
Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.
Virtune cooperates with international and market-leading partners to create secure and innovative investment products.
Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.
Our name, Virtune, is a combination of the words โvirtualโ and โfortuneโ. 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.
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