🤑 Sweden’s Virtune Just Made Stablecoins the New Black in Europe! 🤑

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Well, butter my biscuit and call me impressed! 🇸🇪 Virtune, the Swedish crypto wunderkind, has just sashayed into the European market with the first-ever Stablecoin Index ETP. Yes, you read that right-ETP, not ETF, because why stick to the basics when you can add a little spice? 🌶️ Listed on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra, this is the financial equivalent of a Michelin-starred meal, but for your portfolio.

  • Virtune, the Swedish Ăźber-nerds of asset management, have unleashed Europe’s first stablecoin-focused ETP. 🎉 Backed by crypto assets chilling in Coinbase’s cold storage, it’s like a trust fund kid with a blockchain obsession.
  • This ETP is the belle of the ball, reflecting the growing obsession with stablecoins among both institutional bigwigs and retail investors. Banks? They’re swooning. Financial institutions? They’re sliding into stablecoins’ DMs. 💌

On November 5th, Virtune dropped this financial bombshell like it was a new iPhone release. 🚀 Launched under the Bloomberg ticker STABLE (because subtlety is overrated), this physically backed ETP lets investors dip their toes into a smorgasbord of blockchains and crypto assets. It’s like a buffet, but instead of questionable shrimp, you get exposure to the stablecoin ecosystem.

This “first of its kind” ETP debuted as STABLE on Nasdaq Stockholm, STABLEE on Nasdaq Helsinki (because why not add an extra letter for flair?), and VRTN on Deutsche Börse Xetra. You can snag it through brokers like Avanza, Nordnet, and Scalable Capital-basically, anyone who’s anyone in the financial world. 🕴️

By investing in this index, you’re not just throwing your money at one horse; you’re betting on the entire stablecoin racetrack. It’s diversification, darling, and it’s in vogue. 💃

Helena Wedin, the Head of ETF and ETP Services at Nasdaq, gushed that this launch is a “significant milestone” for the digital asset ecosystem. Translation: it’s a big deal, and she’s not wrong. Nasdaq’s all about innovation, and Virtune’s ETP is the financial equivalent of a standing ovation. 👏

Available to both institutional and retail investors, this ETP is the great equalizer. Whether you’re a hedge fund manager or just someone who Googled “how to invest in crypto,” Virtune’s got you covered. 🌍

Stablecoins have been the belle of the financial ball lately, with institutions clamoring to use them for 24/7 transactions and cheaper cross-border transfers. It’s like they finally discovered the magic of Venmo, but for billions of dollars. 💸

In Europe, banks are practically tripping over themselves to launch their own stablecoins. Last September, nine European banks (including UniCredit and ING) announced plans for a MiCA-compliant euro-backed stablecoin. It’s like the Eurovision Song Contest, but for money. 🎤

Euro-backed stablecoins? They’re still the underdog, making up just a tiny slice of the $306 billion stablecoin pie. But with tokens like EURC and EURS leading the charge, they’re ready for their close-up. 🥧

What’s in This ETP Anyway?

The Virtune Stablecoin Index ETP is like a greatest hits album for the stablecoin market. It doesn’t hold stablecoins directly, but it’s structured to ride the wave of their growth. Think of it as the blockchain infrastructure’s hype man. 🎤

According to the press release, this ETP is 100% physically backed by crypto assets stored in Coinbase’s cold storage (because even crypto needs a cozy blanket). It’s rebalanced quarterly, comes with a 1.95% annual management fee, and accepts trades in SEK and EUR. It’s the whole package, wrapped in a bow. 🎁

As of November 4th, the index allocation is a who’s who of blockchains: 42.9% Ethereum (ETH), 23.5% XRP, 18.43% Solana (SOL), 6.06% Chainlink (LINK), 5.75% Stellar Lumen (XLM), and 3.36% Aave (AAVE). It’s like the Avengers of blockchain, but with fewer capes. 🦸‍♂️

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2025-11-05 14:30