Stockholm-based regulated crypto asset manager, Virtune, has announced the dual listing of its Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Amsterdam and Euronext Paris. This expansion, effective from June 30th, 2025, makes the exchange-traded product accessible to investors in the Netherlands, France, and continues availability in Sweden through platforms like Avanza and Montrose. This follows the product's initial listing on Xetra earlier in June.
The VCOIN50 ETP is designed to track the Coinbase 50 Europe Index, a benchmark developed by Coinbase and administered by MarketVector Indexes. It offers investors a diversified, physically-backed exposure to a basket of leading cryptocurrencies, combining institutional-grade security with the accessibility of a traditional exchange-traded product.
Understanding the Virtune Coinbase 50 Index ETP
This Exchange Traded Product (ETP) provides a streamlined way to gain exposure to the digital asset market. It is physically backed, meaning each unit of the ETP is directly collateralized by the underlying cryptocurrencies it tracks, which are held in secure, institutional-grade custody.
The product aims to replicate the performance of the Coinbase 50 Europe Index, a comprehensive benchmark designed to represent the broader crypto market. It offers a regulated and transparent vehicle for both institutional and retail investors looking to diversify their portfolios with digital assets.
Key Product Features and Structure
The VCOIN50 ETP is structured with a focus on security, transparency, and efficiency.
- Physical Backing: The ETP is 100% collateralized by the actual underlying crypto assets, providing direct asset ownership.
- Institutional Custody: Coinbase, a global leader in crypto services, serves as the custodian, ensuring the secure storage of all assets.
- Diversified Exposure: The product offers access to a basket of up to 50 leading cryptocurrencies through a single investment.
- Regular Rebalancing: The index and, consequently, the ETP's holdings are rebalanced quarterly to maintain its target allocation and reflect the evolving market.
- Transparent Fees: The product carries a straightforward annual management fee of 0.95%.
- Multi-Currency Trading: Investors can trade the ETP in both US Dollars (USD) and Euros (EUR).
Strategic Importance for the European Market
This dual listing represents a significant step in broadening the accessibility of regulated crypto investment products across Europe. By entering the Dutch and French markets through major exchanges, Virtune is dismantling barriers for a wider investor base.
The collaboration brings together key industry players: Virtune as the regulated issuer, Coinbase providing custody and market infrastructure, and MarketVector supplying the index expertise. This synergy creates a robust product built on a foundation of trust and compliance, meeting the growing demand for sophisticated digital asset tools within the traditional financial system.
For many investors, this ETP serves as a potential crypto market equivalent to a broad stock market index like the S&P 500, offering a way to invest in the overall theme of digital assets rather than betting on individual cryptocurrencies.
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Leadership Perspectives on the Launch
Christopher Kock, CEO of Virtune, emphasized the product's strategic goal: "COIN50, designed as the crypto market’s equivalent of the S&P 500, aims to become the leading global crypto benchmark. This ETP provides both institutional and retail investors with diversified exposure to the crypto market - crafted by industry experts with deep experience and insight.”
Brett Tejpaul, Head of Coinbase Institutional, highlighted the mission of expanding access: “This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure.”
Martin Leinweber, Digital Asset Strategist at MarketVector, noted the collaborative effort: "We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”
Key Information for Investors
- Product Name: Virtune Coinbase 50 Index ETP
- Tickers: VCOIN50 (Bloomberg), VRTC (Exchange)
- ISIN: SE0024738389
- WKN: A4A5D4
- Listed Exchanges: Euronext Amsterdam, Euronext Paris, Xetra
- Management Fee: 0.95% per annum
- Custodian: Coinbase
- Index Provider: MarketVector Indexes
Frequently Asked Questions
What is an ETP?
An Exchange-Traded Product (ETP) is a type of security that is traded on a stock exchange. It tracks an underlying index, commodity, or basket of assets. The VCOIN50 ETP specifically tracks an index of cryptocurrencies, allowing you to invest in the performance of the entire basket without having to buy and store each digital asset individually.
How is the VCOIN50 ETP different from buying crypto directly?
This ETP offers instant diversification across multiple cryptocurrencies, eliminating the need to manage multiple wallets and private keys. It also provides a regulated framework, institutional-grade custody for security, and the convenience of trading on traditional stock exchanges just like any other stock or ETF.
What is physical backing?
Physical backing means that for every unit of the ETP that exists, there is a corresponding amount of the actual underlying cryptocurrencies held in reserve by a custodian (in this case, Coinbase). This ensures that the value of the ETP is directly tied to the value of the assets it represents.
What cryptocurrencies are included in the index?
The Coinbase 50 Europe Index is designed to include up to 50 of the leading and most compliant digital assets. The specific allocation is dynamic and subject to change based on market capitalization and regulatory policies. You can view the current allocation on the issuer's website.
What are the risks involved?
Crypto investments are associated with high risk. The value of securities can increase or decrease, and there is no guarantee of recovering invested capital. Potential investors should always read the product's prospectus and key information document (KID) to fully understand the risks before investing.
Who is this product for?
This ETP is designed for a wide range of investors, from institutions seeking a regulated entry into the crypto asset class to retail investors looking for a simple and secure way to add diversified crypto exposure to their investment portfolio.
Important Risk Disclaimer
Crypto investments are associated with a high degree of risk. Virtune does not provide investment advice, and all investments are made at the investor's own risk. The value of securities can fluctuate significantly, and there is no guarantee that an investor will get back the capital they invested. It is essential to read the prospectus, key information document (KID), and terms available on the issuer's website before making any investment decision.
The Coinbase 50 Europe Index is the property of MarketVector Indexes and its licensors. The ETP is not sponsored, endorsed, or promoted by MarketVector, which makes no representation regarding the advisability of investing in the product.