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Stockholm, September 12, 2023 – Virtune, a Swedish regulated asset supervisor of digital belongings in Sweden, is launching an modern Bitcoin ETP (“Alternate Traded Product”) on Nasdaq Stockholm within the race to cut back emissions, consumption, and environmental impacts. Immediately, Virtune is introducing Virtune Sustainable Bitcoin ETP, providing sustainable publicity to Bitcoin via carbon offsetting to realize carbon neutrality.
The ETP is 100% and absolutely bodily backed and is listed in SEK for the aim of Swedish traders, accessible on buying and selling platforms akin to Avanza and Nordnet. By permitting carbon offsetting to realize carbon neutrality, this product supplies traders within the Nordic area with a sustainable funding on this planet’s largest cryptocurrency, all inside a clear and bodily backed construction with institutional-level safety.
About Bitcoin
Bitcoin is the world’s largest cryptocurrency with a market worth of roughly USD 502 billion, launched in 2009 by an nameless particular person or group often known as Satoshi Nakamoto. Using a decentralized blockchain, Bitcoin permits safe transactions with out intermediaries. With a restrict of 21 million Bitcoins, Bitcoin is seen at the moment as a hedge towards banking-related dangers and inflation worldwide. Its blockchain expertise presents a revolutionary and clear strategy to switch worth over the web with out counting on third events.
A Sustainable Bitcoin Funding
In 2022 and 2023, Virtune evaluated varied various companions concerning sustainability and climate-related issues. After intensive evaluation and mapping of potential companions, Virtune selected ClimatePartner Sweden AB (“ClimatePartner”) for this strategic collaboration. By means of the partnership with ClimatePartner, calculations of the carbon emissions generated by Virtune’s transactions associated to the Bitcoin holdings are constantly offset via investments in a diversified portfolio of licensed local weather initiatives inside pure options, social impression, and renewable vitality. You may be taught concerning the licensed local weather initiatives Virtune has chosen to help on Virtune’s web site (https://virtune.com/sustainability).
About Virtune Sustainable Bitcoin ETP SEK
This product targets institutional traders in addition to particular person traders who see Bitcoin as an fascinating various to conventional asset lessons akin to shares and bonds.
Key details about the product:
- 100% carbon-neutral
- 100% bodily backed
- 1:1 publicity to Bitcoin
- 1.49% annual administration charge
Virtune Sustainable Bitcoin ETP
- Full Title: Virtune Sustainable Bitcoin ETP
- Brief Title: Virtune Sustainable Bitcoin
- Buying and selling Foreign money: SEK
- Ticker: VIRBTC
- ISIN: SE0020845709
- First Buying and selling Day: Tuesday, September 12, 2023
Christopher Kock, CEO of Virtune:
“Since its inception, Virtune has taken ESG associated points very critically, and we’re very happy to introduce a sustainable and 100% bodily backed Bitcoin ETP, marking the start of Virtune’s local weather efforts. In our view, this represents the one sustainable ETP choice for gaining publicity to Bitcoin within the Nordic market. There’s rising demand for investments in Bitcoin seen within the Nordic area amongst each institutional and personal traders, whereas sustainability points are extra related than ever.
Virtune has chosen to make use of Coinbase because the crypto custodian for all its ETPs, which is identical custodian that BlackRock, the world’s largest asset supervisor, intends to make use of for its Spot Bitcoin ETF within the USA.”
If you’re an institutional investor occupied with exploring crypto ETPs instead asset class in your portfolio or if you want to be taught extra about Virtune as an organization and our present product choices, please be happy to contact us. Go to www.virtune.com for extra info and in addition register your electronic mail handle on our web site to obtain updates on market occasions, upcoming ETP launches, and different information associated to digital belongings.
Press Contact:
Christopher Kock, CEO Virtune AB (Publ)
christopher@virtune.com
+46 70 073 45 64
About Virtune AB (Publ)
Virtune, a Swedish firm with its headquarters in Stockholm, is a regulated Swedish digital asset supervisor and issuer of crypto alternate traded merchandise on regulated European exchanges.
With regulatory compliance, strategic collaborations with trade leaders and our proficient crew, we empower traders on a worldwide stage to entry modern, refined and sustainable funding merchandise which are aligned with the evolving panorama of the worldwide crypto market. You may learn extra about Virtune at www.virtune.com
About ClimatePartner
ClimatePartner is a number one answer supplier for company local weather motion: We mix particular person consulting with a cloud-based software program that’s distinctive available on the market. We assist our clients to calculate their carbon footprint, to set discount targets and to implement reductions. Moreover we provide verified local weather initiatives and clear communication options.
ClimatePartner was based in Munich in 2006. Immediately, our greater than 500 workers are unfold throughout places of work in Barcelona, Berlin, Boston, Essen, Frankfurt, London, Milan, Munich (HQ), Paris, Stockholm, The Hague, Vienna, and Zurich. We work with greater than 5,000 corporations in 60+ international locations. You may learn extra about ClimatePartner at www.climatepartner.se
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