Virtune Launches Europe’s First Stablecoin Index ETP on Major Exchanges
European investors now have access to a groundbreaking investment vehicle targeting the stablecoin ecosystem. Virtune, a Swedish regulated crypto asset manager, launched the Virtune Stablecoin Index ETP (STABLE) on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra on November 5, 2025. This marks a significant milestone in regulated digital asset investing across the continent.
The STABLE ETP trades under the Bloomberg ticker STABLE on Nasdaq Stockholm and Helsinki, and under the symbol VRTN on Deutsche Börse Xetra. European investors can access the product through major brokers and banking platforms, including Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero. The launch represents Virtune’s 20th exchange-traded product and demonstrates the company’s commitment to expanding crypto investment opportunities.
Stablecoin Infrastructure Gets Dedicated Investment Product
Unlike conventional crypto funds that hold stablecoins such as USDC or Tether, the STABLE ETP provides exposure to the blockchains where stablecoins operate. The product focuses on the underlying infrastructure powering the stablecoin ecosystem rather than the stablecoins themselves. This approach allows investors to benefit from the networks driving stablecoin adoption without directly holding digital tokens.
The ETP is 100% physically backed by digital assets stored securely with Coinbase Custody and is rebalanced quarterly to reflect market shifts. Investors can trade the product in both SEK and EUR, with an annual management fee of 1.95%. The physically backed structure provides transparency and regulatory compliance, appealing to both institutional and retail participants.
Understanding the Stablecoin ETP Allocation Strategy
As of November 4, the index allocation includes 42.9% in Ethereum (ETH), 23.5% in XRP, 18.43% in Solana (SOL), 6.06% in Chainlink (LINK), 5.75% in Stellar Lumen (XLM), and approximately 3.36% in Aave (AAVE). This diversified approach spreads risk across multiple blockchain networks that serve as infrastructure for stablecoin transactions and settlements.
The index is weighted using the square root of market capitalization. This method is designed to prevent dominance by larger assets and to maintain balanced exposure across the ecosystem. This methodology ensures no single blockchain dominates the portfolio while maintaining exposure to the leading networks powering stablecoin activity.
Regulated Access to Growing Stablecoin Market
The total stablecoin market value stands at about $314.5 billion. Financial institutions increasingly adopt tokenized money to facilitate round-the-clock settlements and faster cross-border transfers. The Virtune Stablecoin Index ETP provides regulated access to this expanding sector through traditional brokerage accounts.
Helena Wedin, Head of ETF and ETP Services at European Markets Nasdaq, stated the launch underscores strong momentum in the ETP space and represents a significant milestone for investors and the broader digital asset ecosystem. Nasdaq’s support reflects the exchange’s commitment to fostering innovation within a regulated and transparent marketplace.
Euro-backed stablecoins have generated $606.6 million in market cap, with tokens like Circle’s EURC and Stasis Euro leading the segment. While euro stablecoins represent a smaller portion of the overall market, their growth demonstrates increasing European adoption of stablecoin technology.
Capturing Value from Blockchain Network Activity
The product benefits from increased stablecoin usage without holding stablecoins directly. As transaction volumes surge across blockchain networks, more stablecoins get issued, transferred, and settled. This activity generates transaction fees paid in native blockchain tokens, creating demand for the underlying infrastructure assets included in the index.
The STABLE ETP eliminates the need to manage private keys or digital wallets while still providing participation in the networks driving stablecoin use in payments, banking, and commerce. This removes technical barriers for traditional investors seeking exposure to the stablecoin infrastructure sector.
Conclusion
The launch aligns with Europe’s Markets in Crypto-Assets (MiCA) regulation, providing a compliant framework for digital asset investing. Virtune has experienced rapid growth since listing its first crypto ETP on Nasdaq Stockholm in May 202. It currently manages $400 million in assets under management with over 150,000 institutional and retail investors.
