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Virtune Staked Solana ETP

Listed on Nasdaq Stockholm

Virtune Staked Solana ETP is a physically backed Exchange Traded Product (ETP) that seamlessly combines exposure to Solana (SOL) with the benefits of staking. With staking incorporated, this ETP enables investors to generate additional yield on their Solana investment. This is made possible through a transparent and physically backed structure with institutional grade security.

Annual staking rewards:

3%

solana-logo

Optimized for speed, scale, and the future

Solana is a blockchain platform that offers fast and scalable solutions for decentralized applications with a unique combination of two consensus mechanisms, Proof of History and Proof of Stake. This provides high transaction speeds with low fees. The blockchain can handle thousands of transactions per second and is a popular choice for transaction-intensive applications. Solana's own crypto asset is called SOL.

Key features of Solana:

Fast transactions and low latency

Capable of handling thousands of transactions per second, Solana is perfect for high-throughput applications like financial services and gaming.

Scalability and efficiency

Through PoH, Solana timestamps transactions for less coordination between nodes, resulting in lower costs and energy consumption compared to PoW systems.

Benefits of Staking

Rewards:
Just like a bank gives you interest for keeping your money with them, staking gives you rewards in the form of additional crypto assets.

Passive Income:
Once you've staked your crypto assets, you can earn rewards without doing anything. This can be seen as a form of passive income.

Network Participation:
Staking plays a vital role in the network in order for a blockchain to work. The more people that participate in staking, the more secure the network become.

How does staking work in our product?

Solana is staked directly from cold-storage at our custodian Coinbase.

Staking rewards are paid out continuously in the form of new Solana.

New Solana is continually added to the product, resulting in the extra yield generated from staking being reflected in the ETP's price daily.

This leads to Virtune Staked Solana ETP providing exposure to Solana with enhanced yield through staking.

Safety measures for you as an investor

Collateral Agent

Virtune employs a Collateral Agent whose purpose is to safeguard and represent investors in our products. The cryptocurrencies held in Cold Storage (offline) at Coinbase are segregated from Virtune's balance sheet.

Physically backed

Our product is 100% physically backed, meaning we always store Solana at our custodian Coinbase at a value equivalent to at least 100% of the value of all our ETPs.

Liquidity

We stake a maximum of 70% of the Solana holdings while 30% remains unstaked. This results in the product being freely tradeable without any lock-in period.

Physically backed

Our product is 100% physically backed, meaning that we always store Solana with our custodian Coinbase in an amount equal to at least 100% of the value of all our ETPs.

Secure

Virtune Staked Solana ETP provides exposure to Solana through a 100% physically backed and regulated investment product listed on Nasdaq Stockholm. Coinbase, the global leader in institutional custody solutions, serves as the custodian for securely storing Solana in cold-storage.

Traded directly

This product allows you to expose yourself to Solana in as straightforward a manner as trading a stock through your online broker. Your investment in Solana is managed alongside your other securities investments. Additionally, the product can be held in your ISK (Investeringssparkonto) or capital insurance, potentially providing tax advantages.

Historical Performance

Last updated: 2024-09-06

No data available between the given time interval

Compare performance:

VIRSOL

How to invest

Our products can be traded through a regular account with several online brokers.

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Key information and documents

Product information
0.95%
VIRSOL SS
SE0021309754
Virtune AB (Publ)
A4AGZQ
Product Statistics

Last updated : 2024-09-06

$9 260 429
7100000
$1.30
2024-04-10
0.01008338
Partners
Coinbase Custody Trust Company, LLC
Flow Traders B.V.
Flow Traders B.V
The Law Debenture Trust Corporation PLC
Formidium Corp.
Relevant documents
Exchange information
ExchangeExchange codeMarket MakerListing dateBloomberg code
Nasdaq StockholmVIRSOLFlow Traders B.V.2024-04-10VIRSOL
Historical Performance

Last updated : 2024-09-06

YearQ1Q2Q3Q4YTD
2024 -11.66% -24.43%

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Frequently asked questions

Swedish company

Virtune is a Swedish company with Swedish owners and with its seat on Kungsgatan 26, Stockholm.

Trusted partners

Virtune cooperates with international and market-leading partners to create secure and innovative investment products.

Financial institution

Virtune is a financial institution registered with the Swedish FSA to manage and trade cryptocurrencies.

Trade with your ISK on

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We are Virtune

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.