Virtune Launches Stellar ETP on Nasdaq Stockholm, Stellar Price Gains 1.80%

Generated by AI AgentCoin World
Monday, Apr 28, 2025 10:35 am ET2min read

Virtune AB (Publ), a leading regulated asset management company in Sweden, has announced the launch of its latest product, the VirtuneACV-- StellarSTEL-- ETP, which is now available for trading on Nasdaq Stockholm. Founded in 2022, Virtune operates under an EU-approved base proposal for ETP issuance. This launch marks a significant milestone for the company, which manages $310 million in assets under its control and has garnered the trust of over 11,000 institutions and investors worldwide as of early 2025.

The Virtune Stellar ETP provides investors and the Stellar community with convenient access to Stellar (XLM), a prominent digital asset known for its fast, low-cost, and international transactions. In line with Virtune’s commitment to transparency and investor safety, the ETP is fully physically backed, ensuring that each unit represents actual Stellar tokens held in custody. Virtune’s product offerings include single-asset ETPs, staked ETPs, and index ETPs, designed to provide institutional-grade security and available through well-known brokers and banks.

The 100% physical backing means that the ETP is fully collateralized, offering a 1:1 exposure to Stellar with an annual management fee of 1.95%. This product is tailored for both institutional investors and retail investors seeking regulated access to the crypto market without the complexities of direct ownership or wallet management. The Virtune Stellar ETP, trading under the ticker VIRXLM with ISIN SE0024417356, began trading on April 28, 2025, on Nasdaq Stockholm.

The Stellar blockchain was developed to bridge gaps in the global financial system, enabling fast international transactions without the need for intermediary infrastructure. The Stellar Development Foundation, a non-profit organization, manages the Stellar blockchain. Stellar’s price is currently $0.289407 USD, reflecting a 1.80% gain, which indicates increased market interest and consistency in its utility-driven value proposition.

Commenting on this launch, the CEO of Virtune Stellar ETP expressed pride in the continued expansion of their product offerings, highlighting the launch of a Stellar ETP. The product offers investors a simple and secure way to gain exposure to one of the most prominent projects in the crypto market. Stellar enables fast and cost-effective transactions and has the potential to play a key role in providing financial services to people in emerging markets, where traditional banking systems are still lacking.

Virtune’s collaboration with industry giants like Coinbase, serving as custodian, and Flow Traders as the market maker, ensures robust liquidity, institutional-grade security, and operational reliability. These partnerships are the core pillars of Virtune’s product framework, positioning the company as a leader in transferring and modernizing finance and digital assets.

Virtune continues to position itself as a gateway for investors to gain crypto exposure within a familiar regulated environment. The Stellar ETP for institutional investors offers a way to diversify portfolios with crypto assets without navigating the technical challenges of Stellar blockchain custody and trading. Retail investors benefit from easy access through existing brokerage accounts, making crypto investment as simple as buying any listed security.

Virtune invites investors, asset managers, and financial institutions to explore its expanding offerings by visiting their official site. As Stellar’s price shows bullish momentum, this ETP offers a regulated and secure way for investors to tap into the potential of the Stellar blockchain.

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