2.11%
Last updated: 2024-07-04
Ethereum is currently the second largest cryptocurrency with a market cap of $219 billion USD and the world's leading smart contract platform which can revolutionize the way we interact with technology and finance. With its robust ecosystem, Ethereum enables developers to build decentralized applications (dApps) that can reshape industries, eliminate middlemen, and bring greater transparency and efficiency to global 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.
Ethereum is staked directly from cold-storage at our custodian Coinbase.
Staking rewards are continuously paid out in the form of new Ethereum.
New Ethereum is continually added to the product, resulting in the additional staking yield being reflected in the ETP's daily price.
This leads to Virtune Staked Ethereum ETP providing exposure to Ethereum with enhanced yield through staking.
We utilize non-custodial staking, which means that we only stake directly from cold storage. This implies that under no circumstances do we transfer cryptocurrencies to any 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.
We stake a maximum of 80% of the Ethereum holdings while 20% remains unstaked. This results in the product being freely tradeable without any lock-in period.
Our product is 100% physically backed, meaning that we always store Ethereum with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.
Virtune Staked Ethereum ETP provides exposure to Ethereum 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 Ethereum in cold-storage.
This product allows you to expose yourself to Ethereum in as straightforward a manner as trading a stock through your online broker. Your investment in Ethereum 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
Ethereum per ETP
Custodian
Market maker
Authorised Participant
Collateral Agent
Administrator
Exchange | Exchange code | Market Maker | Listing date | Bloomberg code |
---|---|---|---|---|
Nasdaq Stockholm | VIRSETHS | Flow Traders B.V. | 2023-08-09 | VIRSETHS |
Boerse Stuttgart | V10E | Lang & Schwarz | 2023-09-28 | VIRSETHS |
Last updated : 2024-07-04
Year | Q1 | Q2 | Q3 | Q4 | YTD |
---|---|---|---|---|---|
2024 | 51.90% | 3.99% | -9.96% | 32.07% | |
2023 | 37.56% | 28.44% |
The world's largest cryptocurrency
Store of value
1.49% 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
Empowering easy global financial transactions
2% extra annual return through staking
Non-custodial staking for extra 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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