Virtune Don Physically-Backed Coinbase 50 Crypto Index ETP For Xetra, Wey Dey Expand Access For Big Organizations For Europe

Virtune AB, wey be Swedish crypto asset manager, don launch Virtune Coinbase 50 Index ETP for Germany own Deutsche Börse Xetra exchange. This one na first time wey physically-backed exchange-traded product (ETP) go dey track Coinbase 50 Europe Index, dem dey trade am as VRTC and VCOIN50 for Bloomberg. This ETP go give plenty access to top cryptocurrencies, for now e get 21 assets like Bitcoin, Ethereum, XRP, and Solana, dem get plan to add up to 50 assets later if regulators gree. E get full collateral, dem dey rebalance am every three months, and e get high-level transparency so both small and big investors go like am. Coinbase go dey hold the assets, and MarketVector go dey manage the index. Virtune CEO, Christopher Kock, talk say this index fit be like 'S&P 500 for crypto' for Europe market. This launch show say Virtune still dey do well for regulated crypto ETP innovation for Europe, after dem list for Finland, and e go with how big companies dey show interest and as crypto rules for Europe dey change. People expect say this new product go attract traders and big companies wey dey look for plenty, regulated crypto market access and e fit set standard for digital asset investments for that area.