Virtune Launches Groundbreaking ETP on Xetra, Tracking Coinbase 50 Europe Index

First of Its Kind: Exposure to Up to 50 Crypto Assets

Hang onto your hats, crypto fans! Swedish powerhouse Virtune just dropped a game-changer on the scene. They've unleashed the first ETP on Xetra that's tracking the Coinbase 50 Europe Index, giving traders access to up to 50 sizzling crypto assets. You heard that right, folks!

Get this: Virtune's latest ETP is now live and pumping on Deutsche Börse Xetra, one of the biggest trading arenas in Europe. You can grab this beast on Xetra with the ticker VRTC, and it's also rocking the VCOIN50 tag on Bloomberg. This 100% physically backed ETP is kicking off with exposure to 21 crypto assets, and it's the trailblazer in tracking the Coinbase 50 Europe Index.

Virtune isn't stopping there. They're plotting to crank up the heat by expanding the product's asset list to include all 50 crypto assets in the COIN50. But hold your horses, they've got to get the green light from regulators and the stock exchange first.

This ETP is set to give you a slice of up to 50 top-tier crypto assets, from Bitcoin (BTC) and Ethereum (ETH) to XRP (XRP), Solana (SOL), and beyond. It's rebalanced every quarter and comes with a transparent structure, packed with institutional-level solutions. It's the real deal, folks!

And guess what? Coinbase, the brains behind the index, is stepping up as the official custodian for this ETP. Meanwhile, European index guru MarketVector is handling the admin duties for the COIN50E index.

Virtune CEO Christopher Kock is buzzing with excitement. He's convinced that the COIN50 index has what it takes to become the crypto world's answer to the legendary S&P 500 index, the big dog for U.S. public companies.

"This ETP is a game-changer for both big shots and regular investors in Europe," Kock declares. "It's giving them a broad taste of the crypto market, crafted by industry pros who know their stuff."

Brett Tejpaul, the head honcho of Coinbase Institutional, is stoked about the VCOIN50 launch on Xetra. He sees it as a massive leap forward in Coinbase's mission to spread global access to digital assets and arm traders worldwide with top-notch tools.

"This ETP is our way of bridging the gap between traditional finance and the skyrocketing demand for regulated, secure exposure to the digital economy," Tejpaul states with conviction.

And don't forget, Virtune was already making waves last February when they launched two new crypto ETPs on the Nasdaq Helsinki Stock Exchange. They dropped the Virtune Avalanche (AVAX) ETP and the Virtune Staked Cardano (ADA) ETP. Earlier this year, they went all out and mass-listed five different crypto-backed ETPs, making history as the first batch of crypto ETPs listed in Finland.