Virtune ABPubl) (“Virtune”) has completed the monthly rebalancing for November 2023 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics.
On 4th December 2023, Virtune announced the completion of the monthly rebalancing. The Virtune Crypto Top 10 Index ETP is listed on Nasdaq Stockholm and available in SEK (ISIN SE0020052207; ticker VIR10SEK) and EUR (ISIN SE0020052215; ticker VIR10EUR).
Before rebalancing on 30th November, the ETP’s allocation was as follows:
– Ethereum 40.12%
– Bitcoin 38.85%
– Chainlink 6.07%
– Polkadot 5.30%
– Litecoin 4.16%
– Uniswap 2.93%
– Stellar 2.57%
After rebalancing on 1st December, the allocation was changed to:
– Bitcoin 40.00%
– Ethereum 40.00%
– Chainlink 5.75%
– Polkadot 4.60%
– Litecoin 3.68%
– Uniswap 2.68%
– Stellar 2.35%
– Arbitrum 0.93%
Furthermore, Arbitrum was added to the index in connection with the rebalancing. To learn more about Arbitrum, please visit: https://arbitrum.io/.
This is the seventh time the product has been rebalanced since it was listed on 15th May this year. The monthly rebalancing ensures that the ETP reflects current market conditions and absorbs volatility effectively in the cryptocurrency markets.
The performance of Virtune Crypto Top 10 Index ETP SEK in November was +13.49%. The cryptocurrency market has experienced a strong growth, with Bitcoin showing an increase of +9%. Other altcoins also saw a positive trend, with Uniswap increasing by 40%.
The performance of the cryptocurrencies included in Virtune Crypto Top 10 Index ETP in November was as follows:
– Uniswap +40%
– Chainlink +30%
– Polkadot +19%
– Ethereum +11%
– Bitcoin +9%
– Litecoin +1%
– Stellar -5%
Virtune’s crypto index ETP is the first of its type in the Nordic region and includes 10 of the most popular cryptocurrencies. The weighting is based on total market value, with a maximum of 40% for each cryptocurrency, to promote diversification. This allows investors to have a broad exposure to the cryptocurrency markets without being heavily concentrated in any particular currency.
If you, as an investor (institutional), are interested in meeting Virtune to discuss the possibilities of its ETPs for your asset management/discretionary asset management offering, or to learn more about Virtune, contact us at hello@virtune.com. You can also register your email address at www.virtune.com to receive updates on upcoming ETP launch dates and other digital asset news.
Virtune, with headquarters in Stockholm, is a fully-regulated Swedish company which manages digital assets and trades crypto products on regulated European exchanges. It empowers investors to gain access to innovative investment products, which are in line with the changing landscape of the global cryptocurrency market, through regulatory compliance, strategic partnerships with industry leaders, and its highly-skilled team.
Press Contact:
Christopher Kock
CEO Virtune ABPubl)
Christopher@virtune.com
+46 70 073 45 64
