How to buy Bitcoin through a broker

How to buy Bitcoin exposure

You can buy Bitcoin price exposure through Virtune Bitcoin Prime ETP at a broker that offers the product. The ETP appears in your investment account as a security, alongside other listed investments. Virtune holds BTC as its backing; you do not have to buy coins on a crypto exchange or set up a Bitcoin wallet.

Bitcoin is a network for holding and transferring BTC without a company maintaining its ledger. Its rules limit supply to 21 million BTC. Someone with BTC in a wallet can send a Bitcoin payment; someone holding the ETP has an investment that follows Bitcoin's price. What Bitcoin is explains the network and the coin.

Why buy Bitcoin through an ETP?

An ETP brings Bitcoin exposure into a brokerage account you can use for other securities. Your broker holds the security, while Virtune handles custody of the BTC backing it. There are no personal Bitcoin wallet keys or coin transfers to manage.

The practical difference is ownership. You own Virtune Bitcoin Prime ETP, not BTC that can be sent to another wallet. This gives you a way to follow Bitcoin's price through a listed investment, while holding Bitcoin itself also allows you to use the payment network.

Virtune holds BTC 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.

Virtune Bitcoin Prime ETP has ISIN SE0027598038. Its exchange tickers are VIRBTCP on Nasdaq Stockholm, VRTB on Xetra and ETNVIRBTCP on the Warsaw Stock Exchange. Bitcoin Prime is not listed on Nasdaq Helsinki.

The Bitcoin 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 Bitcoin Prime 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, 0.25% 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.