Virtune Launches BNB Exchange-Traded Product on Nasdaq Stockholm

Virtune, a regulated crypto asset management company in Sweden, has introduced a new cryptocurrency exchange-traded product (ETP) on Nasdaq Stockholm. According to Foresight News, the Virtune BNB ETP is a physically-backed product designed to offer investors a secure and cost-effective way to invest in BNB. The product provides a 1:1 exposure to BNB with an annual management fee of 1.95%, fully backed by physical BNB. It trades under the code VIRBNB and is denominated in Swedish Krona.