Ripple News Virtune Launches XRP Investment Opportunity through Nasdaq Stockholm ETP

Virtune’s XRP ETP Launch on Nasdaq Stockholm Sparks Investment Opportunities for Nordic Investors
Virtune, in collaboration with Coinbase, introduces a secure, physically-backed XRP ETP
In the wake of the news about a surge in XRP holdings, where 19 banks disclosed $10.27 billion in investment positions, as per CNF’s earlier report, the Virtune (AB) platform is now open to institutional investors seeking to explore the potential of current and upcoming ETPs for discretionary asset management purposes.
Today, in a tweet by Collin Brown, Nasdaq Stockholm is excited to introduce the Virtune XRP ETP! Dubbed VIRXRP and fully backed by physical XRP, the ETP has launched, targeting Nordic investors in SEK. Partnering with Coinbase as the custodian, Virtune presents a secure option with a 1.49% management fee, available to both retail and institutional investors.
The largest stock exchange in the Nordic region, Nasdaq Stockholm, is set to fulfill all investor needs with the newly unveiled Virtune XRP ETP. In a recent blog post from Virtune, Christopher Kock, CEO of the company, expressed his anticipation, stating:
“After a dynamic 2024 for Virtune marked by notable strides in growth, product releases, and distribution endeavors, we are thrilled to introduce the first XRP ETP listed on Nasdaq. This groundbreaking product is fully backed by physical XRP held with our custodian, Coinbase, and is accessible to both institutional and retail investors through numerous brokers and banks. This launch meets the increasing demand from investors seeking a secure and convenient channel to invest in XRP.”
Echoing the anticipated impact of this investment, including reports of Goldman Sachs hedge fund clients injecting $2.8 trillion into XRP and other cryptocurrencies to elevate them to new record highs, as previously outlined by CNF.
Anticipating a similar rise in XRP prices, the current trading value of Ripple (XRP) stands at $0.48, showing positive growth by 0.12% in the last day and 1.40% in the past week. Refer to the price chart provided.
Explore more:
– Comprehensive Ripple (XRP) Buying Guide
– Ripple XRP Wallet Overview
– Track 24-hour XRP Prices
– Latest Developments in Ripple (XRP)
– Deep Dive into Ripple (XRP) Essentials
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