**Swedish Crypto Asset Manager Virtune Launches Stablecoin Index ETP on Major European Exchanges**
Swedish crypto asset management firm Virtune has unveiled a groundbreaking new investment product for Europeans: the Stablecoin Index ETP. Launched under the Bloomberg ticker STABLE, this physically backed ETP is now available on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra, making it the first of its kind in the region.
**Expanding Access to the Stablecoin Ecosystem**
Announced on November 5th, the Stablecoin Index ETP gives investors exposure to a variety of blockchains and crypto assets that power stablecoin infrastructure and fuel adoption. By focusing exclusively on the stablecoin ecosystem, the product enables investors to tap into the blockchains and assets driving innovation and growth in digital payments, banking, and commerce.
Unlike traditional crypto products that may concentrate risk in a small group of assets, Virtune’s ETP casts a wide net across the broader stablecoin market. This diversification helps reduce risk while providing access to multiple market leaders.
Investors—both institutional and retail—can access the Stablecoin Index ETP through brokers and banks including Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero.
**Industry Response and Innovation**
Helena Wedin, Head of ETF and ETP Services at European Markets Nasdaq, emphasized the importance of regulated and transparent innovation in the digital asset marketplace. “The launch of the Virtune Stablecoin Index underscores the strong momentum in the ETP space and represents a significant milestone for both investors and the broader digital asset ecosystem,” she stated.
**Stablecoin Adoption Continues To Surge in Europe**
The past year has seen stablecoins gain rapid adoption among financial institutions eager to offer clients 24/7 transactions and faster, cheaper cross-border transfers. In Europe, their growth has prompted several banks to explore launching their own stablecoins.
Just last September, nine major European banks—including UniCredit, Banca Sella, DekaBank, and ING—announced plans to jointly launch a MiCA-compliant, euro-backed stablecoin. Currently, euro-backed stablecoins comprise only a small fraction of the $306 billion global stablecoin market, with a market cap of $606.6 million according to CoinGecko. Leading euro stablecoin tokens include Circle’s EURC (EURC), Stasis Euro (EURS), and EUR CoinVertible (EURCV).
**What’s Inside the Virtune Stablecoin Index ETP?**
Though Virtune’s ETP does not hold stablecoins directly, its structure is designed to benefit from the underlying growth of the market. The fund is 100% physically backed by crypto assets that are securely stored in cold storage with Coinbase and is rebalanced every quarter. The ETP carries a 1.95% annual management fee and accepts trades in SEK and EUR.
As of November 4th, the index allocation includes several major blockchains that host stablecoins:
– **Ethereum (ETH):** 42.9%
– **XRP:** 23.5%
– **Solana (SOL):** 18.43%
– **Chainlink (LINK):** 6.06%
– **Stellar Lumen (XLM):** 5.75%
– **Aave (AAVE):** 3.36%
**A New Investment Avenue for Digital Asset Enthusiasts**
The Virtune Stablecoin Index ETP provides European investors an innovative way to participate in the fast-evolving stablecoin sector, offering diversified exposure to the foundational assets and blockchains that are reshaping global finance. With institutional and retail access now available, the launch signals a significant step forward for crypto-based investment products in Europe.
**Learn more about Virtune’s Stablecoin Index ETP via Nasdaq, Helsinki, and Deutsche Börse Xetra for new opportunities in the stablecoin space.**
https://bitcoinethereumnews.com/tech/virtune-launches-first-stablecoin-index-etp-in-europe/
