Swedish crypto asset manager Virtune has launched a new stablecoin-backed exchange-traded product (ETP), offering investors diversified exposure to the infrastructure powering the global stablecoin ecosystem.

Virtune has launched the Virtune Stablecoin Index ETP (Stable), now trading on Nasdaq Stockholm, Nasdaq Helsinki and Deutsche Börse Xetra. The product is available to investors across Europe through major brokers and banks  The product is available to investors across Europe through major brokers and banks such as Avanza, Nordnet and Scalable Capital. As per Virtune, the new ETP is the first in Europe, providing exposure to the blockchains and crypto assets that form the backbone