Virtune will collaborate with Vinter to jointly offer a crypto product.
Virtune, a registered financial institution, announced on Nasdaq Stockholm on Tuesday that it has launched a multi-asset crypto exchange-traded product (ETP) in collaboration with crypto index provider Vinter.
New Multi Crypto Product from Two Firms
The rates in the crypto product jointly released by the two companies were also announced. The weights in the multi-crypto product will be as follows. ETP tracks the Virtune Vinter Crypto Top 10 Index (VTOP10), which includes the top ten cryptocurrencies by market cap. As of May 2023, according to the methodology, Bitcoin (BTC) and Ethereum (ETH) are included in the index with a maximum weight of 40 percent each, followed by Polkadot (DOT), Litecoin (LTC) and Chainlink (LINK) with 5 percent, 5 percent and 3 percent weights respectively. following.
The leaders of Virtune and Vinter promote the product as a regulated, efficient and secure tool for investors to expose themselves to crypto. Virtune co-founder and CEO Christopher Kock said he is excited to partner with Vinter, which raised $3.4 million in January to expand its index offerings.
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