Stockholm, 2nd of January 2024 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Altcoin Index ETP, listed on Nasdaq Stockholm (ISIN code SE0023260716, TICKER: VIRALT).
In addition to the Virtune Crypto Altcoin Index ETP, Virtune’s product portfolio includes:
Virtune Bitcoin ETP
Virtune Staked Ethereum ETP
Virtune Staked Solana
Virtune Staked Polkadot ETP
Virtune XRP ETP
Virtune Avalanche ETP
Virtune Chainlink ETP
Virtune Arbitrum ETP
Virtune Polygon ETP
Virtune Staked Cardano ETP
Virtune Crypto Top 10 Index ETP
Index allocation as of 30th of December (before rebalancing)
XRP: 18.00%
Chainlink: 17.07%
Litecoin: 14.55%
Uniswap: 14.94%
Avalanche: 12.00%
Cardano: 11.90%
Solana: 11.53%
Index allocation as of 30th of December (after rebalancing):
XRP: +6.94%
Chainlink: +5.08%
Uniswap +3.30%
Litecoin +0.17%
Solana: -20.5%
Avalanche: -20.6%
Cardano: -21.8%
In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Altcoin Index ETP outcome for December was: -20.19%.
The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Altcoin Index, and this is the 2nd rebalancing since the product was listed on the 4th of November 2024. The purpose of the monthly rebalancing is to reset the weights of each crypto asset to provide equal-weighted exposure to altcoins.
In December, the crypto market experienced mixed performance. XRP and Chainlink outperformed most major crypto assets, with gains of +6.94% and +5.08%. Meanwhile, altcoins like Cardano showed a decline of -21.8%.
The performance of the crypto assets included in Virtune Crypto Altcoin Index ETP in December:
XRP: +6.94%
Chainlink: +5.08%
Uniswap +3.30%
Litecoin +0.17%
Solana: -20.5%
Avalanche: -20.6%
Cardano: -21.8%
Virtune Crypto Altcoin Index ETP is the first of its kind in the Nordic region. It includes up to 10 leading alternative crypto assets (altcoins), excluding Bitcoin and Ethereum, that are part of the Nasdaq Crypto Index. Each altcoin is equally weighted to promote diversification, this structure allows investors to gain broad exposure to crypto assets beyond Bitcoin and Ethereum without being heavily concentrated in any single crypto asset.
If you, as an (institutional) investor, are interested in meeting Virtune to discuss the possibilities with our ETPs for your asset management/discretionary asset management offering, to learn more about Virtune and/or the company’s ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs on http://www.virtune.com and register your email address on our website to subscribe to our newsletters that covers updates on Virtune’s upcoming ETP launches and other news related to digital assets.
Press contact
Christopher Kock, CEO Virtune AB (Publ)
Christopher@virtune.com
+46 70 073 45 64
Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.
With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.
Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at http://www.virtune.com.
