Finland: Siltanews – News Desk
Virtune, a cryptocurrency asset management company, has launched the first exchange-traded funds (ETFs) for cryptocurrencies in Finland on the Nasdaq Helsinki platform, offering Finnish investors direct access to cryptocurrencies using euros.
Virtune’s Groundbreaking Step in Finland’s Crypto Market
The launch includes five fully crypto-backed exchange-traded funds, each guaranteed and physically secured. Finnish investors can now access these products through major brokers in the region, including Nordnet, providing a seamless gateway to cryptocurrency investments.
Virtune’s asset manager highlighted the importance of this initiative in advancing the cryptocurrency market in Finland. Christopher Cook, the CEO of Virtune, referred to the launch as a “critical achievement,” expressing pride in being the first to bring regulated and secure cryptocurrency ETFs to the Nordic markets. Cook emphasized the company’s leadership role in pioneering safe crypto investment options for Finnish investors.
Virtune’s launch is not only significant for Finland but also for the broader Nordic countries, marking the largest simultaneous ETF launch in the region’s history. The introduction of these products opens up a €20.5 billion trading market to cryptocurrencies, enabling investors to use their existing brokerage accounts for trading and investing in these crypto-backed funds.
In another notable development, Offchain Labs, the team behind Arbitrum, appointed Ira Auerbach, the former head of Nasdaq’s digital assets division, to lead a new venture capital arm called Tandem. Auerbach’s role will focus on identifying and supporting promising block chain projects, further advancing innovation in the cryptocurrency and blockchain sectors.