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Virtune, a company regulated by the Swedish Financial Supervisory Authority (FSA), has launched its carbon-neutral Exchange-Traded Product (ETP) on Boerse Stuttgart in Germany, following its success in the Nordic markets. The product, known as VIRBTC, began trading on the Stockholm and Boerse Stuttgart on Sunday, with Coinbase (NASDAQ:) acting as custodian.
The introduction of VIRBTC comes amid the recent rise in the crypto market and represents Virtune’s commitment to providing investors with safe and environmentally friendly investment options. By partnering with ClimatePartner to calculate associated carbon emissions, Virtune ensures its Bitcoin ETP aligns with growing investor interest in sustainability.
VIRBTC is designed to meet the needs of retail and institutional investors, providing educational resources and a transparent investment strategy. The ETP carries an annual fee of 1.49% and trades under the ISIN SE0020845709. To facilitate market liquidity for this product as well as others like the Virtune Crypto Top 10 Index ETP and the Virtune Staked ETP, Lang & Schwarz is on board.
With supervision from the Swedish FSA and adherence to strict Nasdaq standards, Virtune AB (Publ) aims to provide transparent access to cryptocurrency investments while prioritizing financial security and environmental sustainability.
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