Virtune Bitcoin ETP is a 100% physically backed Bitcoin product with a management fee of 1.49%.
Unlike many certificates available on the market, our Exchange-Traded Products (ETPs) are always 100% physically backed, which is crucial as it guarantees the value of each ETP.
This means that we store Bitcoins of equivalent value at our custodian Coinbase, in a so-called cold storage with institutional security level.
Bitcoin is the world's largest cryptocurrency and was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto. By utilizing a decentralized blockchain, Bitcoin enables secure transactions without intermediaries. With a limit of 21 million Bitcoins, Bitcoin can now be seen as a hedge against bank risks and inflation worldwide. Its blockchain technology offers a revolutionary and transparent way to transfer value over the internet without relying on third parties.
Virtune has, as part of its effort to be fully transparent, published our Bitcoin holdings and our public wallet address. This allows investors to independently verify on the blockchain that our product is always 100% backed by Bitcoins.
Last updated: 2024-05-02
Asset | Bitcoin address | Required collateral | Bitcoin per ETP | Weight |
---|---|---|---|---|
BTC | bc1qn4xzeeehf0jcm5jvwlcc0ps6qamse5d807qwlm | 439.850 | 0.000171 | 100.00% |
Our product is 100% physically backed, meaning that we always store Bitcoin with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.
Virtune employs a Collateral Agent whose purpose is to protect and represent investors in our products. The cryptocurrencies held in cold storage (offline) at Coinbase are separate from Virtune's balance sheet.
Product | Virtune | Others |
---|---|---|
Fee | 1.49 % | 2.50 % |
Properties | Physically backed | Synthetic exposure |
Carbon neutral |
The products are always at least 100% physically backed with corresponding cryptocurrencies
Institutional security level through various security measures such as cold storage
Easily accessible through your bank or broker without the need of a separate account
Always liquid and traded directly during stock exchange opening hours as any stock
Our name, Virtune, is a combination of the words ”virtual” and ”fortune”. We strongly believe that the future of the crypto market holds exciting potential. Through traditional financial products traded on stock exchanges, we provide both institutional and retail investors with access to the world of crypto. This is the Virtune way.
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Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.
Virtune cooperates with international and market-leading partners to create secure and innovative investment products.
Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.