A secure Bitcoin investment

”Mining” or ”proof-of-work” (PoW) is a method used in Bitcoin's blockchain to verify and secure transactions and create new blocks in the blockchain. In the PoW consensus mechanism, computers, known as ”miners,” must solve complex mathematical problems to add new blocks to the blockchain. This process requires a significant amount of computational power and energy, and those who successfully solve the problems are rewarded with new bitcoins as an incentive.

The first cryptocurrency, Bitcoin, was created in 2009, and it was a response to the financial crisis of 2008. Bitcoin was released by an unknown person or group using the name Satoshi Nakamoto. For the first time, people had access to a digital currency equipped with a fully decentralized administration. Bitcoin belongs to the first generation of cryptocurrencies. Ethereum, the second largest cryptocurrency, belongs to the second generation of cryptocurrencies. Unlike Bitcoin, Ethereum is a complete ecosystem and almost anything can be programmed on top of the Ethereum blockchain. Most of the cryptocurrencies entering the market today belong to the third generation cryptocurrencies. Third generation cryptocurrencies are more technologically advanced than previous generations.

The market value of cryptocurrencies is determined by supply and demand, just like other financial assets. The crypto market is a relatively new market, therefore we can also see that the market value of cryptocurrencies varies more over time than traditional asset classes such as stocks. The maximum supply of almost every cryptocurrency is limited. In traditional currencies such as EUR and USD, which are also called fiat currency, the setup is different. The value of traditional currencies is largely based on the decisions of central banks. In the long term, the central banks' monetary policy will be able to lead to inflation. The cryptocurrencies, on the other hand, are immune to the central banks' monetary policy. Because of this, cryptocurrencies offer an interesting alternative to the current monetary system. Cryptocurrencies can have many different use cases. Since the first cryptocurrency (Bitcoin), thousands of different cryptocurrencies have appeared in the crypto market. Each cryptocurrency has its own strengths and weaknesses. When investing in cryptocurrencies, it is important to learn and discover the purpose of the relevant cryptocurrency and other background information to ensure that it is reliable and suitable to invest in.

Our first ETP, Virtune Crypto Top 10 Index ETP, has an annual management fee of 1.95%, Virtune Staked Ethereum ETP of 1.40% and Virtune Bitcoin ETP of 1.49%

Our products are listed on exchanges such as Nasdaq Stockholm and Boerse Stuttgart, and they can be traded through online brokers like Avanza and Nordnet. We are continuously working to expand the availability of trading our products on more exchanges and investment platforms, both within Sweden and internationally.

You can track the performance of our crypto ETPs on various platforms, including our product pages on Virtune.com, Nasdaq, and through the online brokers where our ETPs are available.

Virtune's ETPs are always 100% backed by equivalent cryptocurrencies stored in cold storage at Virtune's Nasdaq-approved custodian. The underlying cryptocurrencies determine the price of the ETPs. Price movements are always based on a 1:1 correlation to the underlying cryptocurrencies.

The products are priced based on a 1:1 correlation to the performance of the underlying cryptocurrencies that the products follow, minus a management fee. Each cryptocurrency is priced based on regulated and proven cryptocurrency reference rates.

Yes, you can buy all of our products via your ISK and Capital Insurance.

No, not if you buy our products via an ISK or capital insurance. But if you buy our products via a traditional/regular custody account, you need to declare each of your purchases/sales to the Swedish Tax Agency in your annual declaration.

You can trade our products when Nasdaq Stockholm (”Stockholmsbörsen”) or Boerse Stuttgart is open. Nasdaq opening hours are 09:00 and 17:25 on weekdays. On the day before a public holiday, Nasdaq Stockholm closes at 13:00. If a public holiday falls on a weekday, Nasdaq Stockholm is closed.

Yes, you can currently buy our products in both SEK and in EUR (two separate ISINs).

Investing in Virtune's ETPs offers several distinct advantages for you as an investor:

Simple and Secure: You avoid the complexity of creating and managing a digital wallet, as well as the challenges of selecting a secure cryptocurrency exchange for trading. All aspects of security and storage are handled by us.

Tax Efficiency: Investing in our ETPs can be associated with tax benefits. In Sweden it is possible to invest in our ETPs through an Investment Savings Account (ISK) or a Capital Insurance means you do not need to declare individual transactions. Instead of a 30% capital gains tax on direct cryptocurrency trading, you pay an annual fixed tax, which can provide significant tax benefits.

Regulated Trading Venue: Our products are traded on Nasdaq Stockholm, a regulated and secure marketplace, adding an additional layer of safety and reliability to your investment.

Physically Backed Products: All our ETPs are 100% physically backed, meaning that actual cryptocurrencies are stored corresponding to the market value of each ETP, ensuring transparency and trust.

Staking Opportunities: Some of our products also offer staking, which is managed by us and provides extra returns without any effort required from you.

Virtune is a Swedish company based in Stockholm, registered as a financial institution with the Financial Supervisory Authority, with an EU-approved base prospectus for the market listing of crypto ETPs. We strive to be the safe choice for your crypto investments.

You can find fact sheets and additional information about each ETP on the product pages of our website. Additionally, KIDs are available on platforms such as www.avanza.se and www.nordnet.se.

Virtune is a regulated digital asset manager that offers crypto-related exchange traded products (ETPs). We are registered as a financial institution with the Swedish Financial Supervisory Authority (Finansinspektionen) and are the issuer of crypto ETPs with an EU-approved base prospectus. Our mission is to lower the barriers to crypto by providing a secure and regulated way for investors to gain exposure to the cryptocurrency market.

Virtune is a registered financial institution with the Swedish Financial Supervisory Authority and has an EU-approved base prospectus for the issuance of crypto-ETPs in Europe, which means that we are subject to regulatory oversight in multiple areas. We adhere to strict compliance and risk management procedures to ensure the highest level of security for our investors' assets.

A collateral agent has the purpose of representing and protecting the investors in our ETPs (Exchange Traded Products). Their role is passive and would get activated in the event that the issuer (i.e., the company behind the products) goes bankrupt or becomes insolvent. We have chosen to collaborate with the Law Debenture Trust Corporation as our collateral agent. In an unlikely event where Virtune would become insolvent or go bankrupt, our collateral agent would take over the operations, sell of the cryptocurrencies, and subsequently redeem all ETPs, paying out the relevant amount minus fees in SEK or EUR to all ETP holders.

By having a collateral agent, we reduce the credit risk to Virtune as the issuer, making our ETPs a safer choice for your investments.

The cryptocurrencies held at our custodian are always segregated from our own balance sheet. We have chosen to include a collateral agent whose purpose is to protect and represent the investors in our ETPs. In an unlikely event where Virtune would become insolvent or go bankrupt, our collateral agent would take over the operations, sell of the cryptocurrencies, and subsequently redeem all ETPs, paying out the relevant amount minus fees in SEK or EUR to all ETP holders.

We have chosen to collaborate with the Law Debenture Trust Corporation as our collateral agent. By having a collateral agent, we reduce the credit risk to Virtune as the issuer, making our ETPs a safer choice for your investments.