How to buy Polygon's POL through an ETP
Summary
You can buy Polygon price exposure through Virtune Polygon ETP at a broker offering the product. You own a physically backed security in your investment account, without managing a personal crypto wallet.
- Virtune Polygon ETP provides POL price exposure through a listed security.
- Virtune holds the underlying crypto-asset with a custodian as collateral.
- The broker offers the purchase route; management fees and trading costs are separate.
How to buy Polygon exposure
You can buy POL price exposure through Virtune Polygon ETP, listed as VIRPOLY on Nasdaq Stockholm. POL is Polygon's current network token. At a broker offering the product, the investment is held as a security rather than a POL balance in a wallet.
POL replaced MATIC in the Polygon ecosystem and is used for gas and staking. Older articles and wallets may still refer to MATIC. Virtune Polygon ETP's underlying asset is POL. What Polygon is explains the network and token transition.
Why buy Polygon through an ETP?
The ETP gives you exposure to POL's price without setting up a Polygon wallet or arranging custody of tokens yourself. You can hold the security at your broker alongside other listed investments.
Virtune holds POL as the product's backing. You hold the listed security rather than POL to use for gas or personal network staking, and you do not have to carry out a token migration to maintain the ETP holding.
Virtune holds POL with a custodian as collateral for the ETP. The crypto-asset backs the security you own; it is not a personal coin balance in your name.
Buying through a broker
At your broker, the product can be found by its full name or the ISIN shown below. The broker's order page identifies the listing, trading currency, current buy and sell prices and applicable charges. If the broker offers several listings, they still refer to the same security where the ISIN is the same.
VIRPOLY is the Nasdaq Stockholm ticker for ISIN SE0021630217. There is no additional exchange listing for this product.
The Polygon product page brings together available brokers, product documents and current details. Account availability and tax treatment depend on your country and account type; the exchange listing alone does not establish either.
Costs of buying and holding the ETP
The management fee is deducted from the product's value over time. It is different from the costs of trading: the broker may charge commission, the buy and sell prices have a spread, and a currency conversion charge can apply when the trade uses a different currency from your cash account. The table below separates these costs.
Costs when buying Virtune Polygon ETP
| Cost | Charged by | When |
|---|---|---|
| Brokerage commission | Broker | On every purchase and sale |
| Difference between bid and ask price | Market | On every trade |
| Management fee, 1.95% per year | Issuer | Ongoing, from the product's value |
| Currency conversion | Broker, if applicable | If the product trades in another currency |
Risks to understand
Crypto-asset prices can move sharply, so the value of the ETP can fall. Crypto markets continue trading when stock exchanges are closed; the next ETP quote can therefore differ substantially from the previous close.
The security also carries issuer and custody risks. If Virtune cannot meet its obligations, what investors recover depends on the crypto-assets held as collateral and the process for enforcing their rights. Problems with custody or delays in recovery can affect the outcome. These product risks are separate from the convenience of holding the investment at a broker.
The crypto ETP buying guide explains the purchase process and the difference between a security and a crypto-asset holding.
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Sources
- Polygon Labs: POL
- Virtune Investor Relations: Collateralization Methodology
- Virtune Investor Relations: Prospectus
