ETPs

Swedish crypto asset manager Virtune has introduced new crypto exchange-traded products (ETPs) for investors in Finland, offering portfolio exposure to Avalanche and Cardano. 
The launch comes just weeks after the firm rolled out five other crypto-related ETPs.
The Virtune Avalanche ETP gives investors direct 1:1 exposure with Avalanche , while the Virtune Staked Cardano (ADA) ETP offers the same physical backing with Cardano, plus an additional 2% annual return from staking rewards, according to a Feb. 5 statement from Virtune.
AVAX and ADA offered as ETP products
Virtune CEO Christopher Kock said that the product offerings are “to meet the growing demand from Finnish investors.”
The assets will be securely stored in cold storage through its custodian, crypto exchange Coinbase, and available to institutional and retail investors.
Both ETPs began trading on Feb. 5 on Nasdaq Helsinki after being traded on Nasdaq Stockholm.
Avalanche and Cardano are the 12th and 9th largest cryptocurrencies by market capitalization, respectively, according to CoinMarketCap.
Veteran trader Peter Brandt said Cardano is ready for a “grand bull market” after bottoming out on the local chart on Jan. 16. This comes after Cardano surged by 88.8% between Nov. 18 and Dec. 3, reaching its highest price in nearly three years at $1.33.
Virtune launched five crypto ETPs two weeks ago, marking the first of their kind on the Nasdaq Helsinki. 
On Jan. 20, the asset management firm launched Virtune Bitcoin (BTC) ETP, Virtune Staked Ether (ETH) ETP, Virtune Staked Solana (SOL) ETP, Virtune XRP (XRP) ETP, and Virtune Crypto Altcoin Index ETP. 
The Crypto Altcoin Index ETP is rebalanced monthly. As of Jan. 31, it holds equal weightings of 14.29% for XRP, Litecoin (LTC), Solana, Chainlink (LINK), Cardano and Uniswap (UNI).
Meanwhile, in recent news, BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, which will reportedly be domiciled in Switzerland. 
The asset manager plans to start marketing the fund as soon as this month, Bloomberg said, citing people familiar with the matter. 

#Write2Earn #TrendingTopic #MarketRebound #ETPs
$ADA

$AVAX

#BlackRock , the world's largest asset manager, is unveiling a new way to invest in #bitcoin in Europe. After having a great response with their Bitcoin fund in the U.S., they’ve decided to try the same in Europe through their iShares brand. This new Bitcoin fund (#ETPs ) will be available on the stock markets in Germany, France, and the Netherlands.
Here's how it works: each share of the fund represents a certain amount of Bitcoin. BlackRock has teamed up with #coinbase , a large American crypto exchange, to safely keep the Bitcoin for this fund.
This new fund is a big deal because it shows how mainstream Bitcoin and other #cryptocurrencies are becoming. It's aimed at European investors who might be curious about the world of digital money but want to invest in a way they're more familiar with.
By launching this Bitcoin fund, BlackRock is making it easier for people in Europe to get involved in cryptocurrency investments, indicating that managing money with digital currencies is becoming as normal as traditional investing. It's part of a larger trend where the financial world is acknowledging and adapting to the growing interest in cryptocurrencies.