Vinter + Virtune = Made in Sweden™
- When the Americans put a man on the moon, they put an American flag on it.
2. When Mr Ratcliffe in Pocahontas announced his arrival in the Americas, he set the British flag in his newly-found land. (Governor Ratcliffe was the greedy and arrogant governor of the settlers who led an expedition to Virginia to find gold and other riches that he wanted to keep for himself — as signaled in the song “Mine, Mine, Mine” when he was mining for gold.)
3. When Virtune announced their crypto ETP tracking the Virtune Vinter Top 10 index, a blue flag was flapping on Kungsgatan in Stockholm outside their office. The flag says, “Virtune: Seamless access to crypto.” I had the pleasure of speaking with Virtune’s CEO Christopher Kock for more than an hour last week. I also snapped some selfies with the flag.
Get Jacob Lindberg’s stories in your inbox
Join Medium for free to get updates from this writer.
Both Vinter and Virtune were founded and incorporated in Sweden by Swedes. The exchange-traded product tracking the Virtune Vinter Crypto Top 10 Index will list on Nasdaq Stockholm. Hence, this financial product is Made in Sweden™.
You are now asking what’s in the index. I will tell you. The Virtune Vinter Crypto Top 10 Index (“VTOP10”) contains the ten largest crypto assets, offering a diversified exposure to the crypto industry. The assets are weighted proportionally to their current market capitalization with a 40% cap to promote diversification. The index is rebalanced monthly.
- Universe: All eligible assets.
- Selection: Top 10 by 30-day average market capitalization.
- Weighting: Proportional to the current market capitalization, with a maximum weight of 40%. If a cap is enforced, the weight is spread proportionally across the non-capped assets.
- Rebalancing: Monthly on the last business day of the month.
- Rationale: Invest in the ten largest assets to get diversified exposure to the crypto markets.
Read more on the client landing page here
