Stockholm, September 12, 2023 – Virtune, a Swedish regulated asset manager of digital assets in Sweden, is launching an innovative Bitcoin ETP (“Exchange Traded Product”) on Nasdaq Stockholm in the race to reduce emissions, consumption, and environmental impacts. Today, Virtune is introducing Virtune Sustainable Bitcoin ETP, offering sustainable exposure to Bitcoin through carbon offsetting to achieve carbon neutrality.
The ETP is 100% and fully physically backed and is listed in SEK for the purpose of Swedish investors, available on trading platforms such as Avanza and Nordnet. By allowing carbon offsetting to achieve carbon neutrality, this product provides investors in the Nordic region with a sustainable investment in the world’s largest cryptocurrency, all within a transparent and physically backed structure with institutional-level security.
Bitcoin is the world’s largest cryptocurrency with a market value of approximately USD 502 billion, introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. Utilizing a decentralized blockchain, Bitcoin enables secure transactions without intermediaries. With a limit of 21 million Bitcoins, Bitcoin is seen today as a hedge against banking-related risks and inflation worldwide. Its blockchain technology offers a revolutionary and transparent way to transfer value over the internet without relying on third parties.
A Sustainable Bitcoin Investment
In 2022 and 2023, Virtune evaluated various alternative partners regarding sustainability and climate-related matters. After extensive analysis and mapping of potential partners, Virtune chose ClimatePartner Sweden AB (“ClimatePartner”) for this strategic collaboration. Through the partnership with ClimatePartner, calculations of the carbon emissions generated by Virtune’s transactions related to the Bitcoin holdings are continuously offset through investments in a diversified portfolio of certified climate projects within natural solutions, social impact, and renewable energy. You can learn about the certified climate projects Virtune has chosen to support on Virtune’s website (https://virtune.com/sustainability).
About Virtune Sustainable Bitcoin ETP SEK
This product targets institutional investors as well as individual investors who see Bitcoin as an interesting alternative to traditional asset classes such as stocks and bonds.
Key information about the product:
- 100% carbon-neutral
- 100% physically backed
- 1:1 exposure to Bitcoin
- 1.49% annual management fee
Virtune Sustainable Bitcoin ETP
- Full Name: Virtune Sustainable Bitcoin ETP
- Short Name: Virtune Sustainable Bitcoin
- Trading Currency: SEK
- Ticker: VIRBTC
- ISIN: SE0020845709
- First Trading Day: Tuesday, September 12, 2023
Christopher Kock, CEO of Virtune:
“Since its inception, Virtune has taken ESG related issues very seriously, and we are very pleased to introduce a sustainable and 100% physically backed Bitcoin ETP, marking the beginning of Virtune’s climate efforts. In our view, this represents the only sustainable ETP option for gaining exposure to Bitcoin in the Nordic market. There is growing demand for investments in Bitcoin seen in the Nordic region among both institutional and private investors, while sustainability issues are more relevant than ever.
Virtune has chosen to use Coinbase as the crypto custodian for all its ETPs, which is the same custodian that BlackRock, the world’s largest asset manager, intends to use for its Spot Bitcoin ETF in the USA.”
If you are an institutional investor interested in exploring crypto ETPs as an alternative asset class in your portfolio or if you would like to learn more about Virtune as a company and our current product offerings, please feel free to contact us. Visit www.virtune.com for more information and also register your email address on our website to receive updates on market events, upcoming ETP launches, and other news related to digital assets.
Christopher Kock, CEO Virtune AB (Publ)
+46 70 073 45 64
About Virtune AB (Publ)
Virtune, a Swedish company with its headquarters in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.
With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative, sophisticated and sustainable investment products that are aligned with the evolving landscape of the global crypto market. You can read more about Virtune at www.virtune.com
ClimatePartner is a leading solution provider for corporate climate action: We combine individual consulting with a cloud-based software that is unique on the market. We help our customers to calculate their carbon footprint, to set reduction targets and to implement reductions. Additionally we offer verified climate projects and transparent communication solutions.
ClimatePartner was founded in Munich in 2006. Today, our more than 500 employees are spread across offices in Barcelona, Berlin, Boston, Essen, Frankfurt, London, Milan, Munich (HQ), Paris, Stockholm, The Hague, Vienna, and Zurich. We work with more than 5,000 companies in 60+ countries. You can read more about ClimatePartner at www.climatepartner.se