The post Cardano ETP Goes Live on Nasdaq Helsinki appeared on BitcoinEthereumNews.com.

Cardano is expanding as Swedish asset manager Virtune AB has launched a new exchange-traded product (ETP) that tracks the coin. The product, launched alongside Avalanche ETP, now trades on Nasdaq Helsinki, giving institutional investors a new way to gain exposure to the coin. Cardano staking in full view As a growing blockchain network, this Virtune Cardano ETP, dubbed VIRADAE, will offer 1:1 exposure for investors.  Related The product is 100% backed by ADA and is denominated in EUR. As a protocol whose smart contract is designed to bring sustainability to the blockchain system, Virtune is confident that ADA is a token for investors. Beyond tracking the ADA price, the product will have an additional 2% annual return from the staking reward. As the asset manager noted, these staking rewards are continuously added to the product’s daily price, serving as an opportunity for passive income. The addition of ADA ETP now places the coin among elite assets like Bitcoin, Ethereum, Solana and XRP, along with a functional ETP backed by Virtune. The product will likely place Cardano in the broader EU area, with other asset managers joining the trend. Cardano ETF in U.S.? With improving crypto regulations in the U.S., there are expectations that more exchange-traded fund products tracking Cardano will appear in the United States. Amid the growing explosion in crypto ETF filings with the Securities and Exchange Commission (SEC), the ADA ETF push has lagged in numbers. Related Only Tuttle Capital has filed a 2X Long Cardano Daily Target ETF, alongside other altcoins. Despite its outlook on the ETF market, Cardano remains one of the most functional blockchain protocols in the industry. It has transitioned fully into community governance following the launch of the Plomin Hard Fork upgrade. For Cardano, improving its technical capabilities and community engagement is a recipe for long-term growth.…

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Filed under: News - @ February 6, 2025 6:26 pm