Swedish crypto asset manager Virtune has launched Europe’s first stablecoin-focused exchange-traded product (ETP), offering a new regulated gateway for investors into the expanding stablecoin ecosystem.
Key Takeaways
- Virtune introduced its Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra
- The product offers exposure to blockchain networks like Ethereum, XRP, and Solana that support stablecoin use
- It is 100% physically backed, rebalanced quarterly, and held in cold storage with Coinbase Custody
- The launch aligns with Europe’s MiCA regulations and rising institutional interest in tokenised digital money
What Happened?
On November 5, 2025, Virtune debuted the Virtune Stablecoin Index ETP across three major European exchanges under the tickers STABLE, STABLEE, and VRTN. This new ETP marks the first in Europe dedicated solely to the infrastructure supporting stablecoins, reflecting rapid growth in tokenised finance and increased demand for regulated digital asset products.
Virtune launches Europe’s first Stablecoin Index ETP!
— Virtune (@VirtuneAB) November 5, 2025
Virtune is proud to announce the launch of the Virtune Stablecoin Index ETP, the first index ETP in Europe providing thematic exposure to the stablecoin sector.
The ETP is officially listed today on Nasdaq Stockholm, Nasdaq… pic.twitter.com/GXQVPbPQ8U
A Milestone for Regulated Crypto Investment in Europe
Virtune’s latest launch signifies a major step for regulated crypto investing in Europe. Unlike traditional crypto funds, this ETP does not hold stablecoins like USDC or Tether. Instead, it targets the underlying blockchains that enable the operation and expansion of stablecoins, such as Ethereum, Solana, and Stellar.
Key features of the Virtune Stablecoin Index ETP include:
- Exposure to Ethereum (42.9%), XRP (23.5%), Solana (18.43%), Chainlink (6.06%), Stellar (5.75%), and Aave (3.36%).
- Full physical backing of assets stored securely in Coinbase Custody’s cold storage.
- Quarterly rebalancing to adapt to market trends.
- Annual management fee of 1.95%.
- Available for trading in both SEK and EUR.
The product is accessible to both institutional and retail investors through brokers like Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero.
Stablecoin Infrastructure Sees Rising Interest
The stablecoin market is booming, now valued at over $314 billion globally. European banks are increasingly interested in euro-backed stablecoins, which have reached a $609 million market cap. With players like Circle, Societe Generale, and Stasis Euro leading this movement, stablecoins are moving from speculative crypto assets to real-world financial tools.
The ETP allows investors to tap into the growth of stablecoin usage without directly holding them, mitigating volatility while benefiting from increased blockchain utility. Each transaction made with stablecoins often requires native tokens like ETH or SOL, which in turn can drive value and reduce supply through token burns.
Regulatory Readiness and Market Confidence
The launch comes amid the rollout of MiCA, Europe’s first comprehensive crypto regulation framework. Virtune’s timing aligns perfectly with increased calls for transparency and accountability in the digital asset space.
Nasdaq’s Helena Wedin noted that the launch is a milestone for both investors and the broader digital asset ecosystem.
Virtune CEO Christopher Kock added:
CoinLaw’s Takeaway
I found this launch by Virtune to be a game-changer. In my experience watching the crypto space evolve, this is one of the smartest plays I’ve seen recently. They’re not chasing the hype around coins that swing wildly in value. Instead, they’re focusing on the solid tech backbone that powers real-world finance. Stablecoins are no longer just crypto’s quiet sidekick. They’re at the core of a new financial system, and this ETP makes it possible for everyday investors to get in early, safely, and smartly.
