Major Milestone for Crypto Investors in Finland: Avalanche (AVAX) and Cardano (ADA) ETPs Launched on Nasdaq Helsinki

In a key advancement for the crypto sector, Swedish asset management company @VirtuneAB has brought to bear its first ETPs in the direct investment space for two major blockchain networks—Avalanche and Cardano.

This move has made the ETPs available on Nasdaq Helsinki, allowing investors in Finland to access the crypto market in a manner consistent with other investment opportunities they might select, and with an investment structure that operates largely under the hood of the security regulations Finnish investors are already accustomed to.

A New Investment Opportunity in Finland

Finland provides a fascinating opportunity for investors to explore high-yield crypto assets like Avalanche and Cardano. On Nasdaq Helsinki, assets of Avalanche and Cardano have now been pulled together into exchange-traded products, which means that Finnish investors can tap into those assets without diving into the sometimes murky world of cryptocurrency exchanges. Places through which to buy this ETP include, for instance, the brokerage service Nordnet, banks, and other brokers operating in Finland.

These ETPs provide a level of security and transparency that is rare in today’s financial landscape. The assets upon which the ETPs are based lie safely in cold storage and are managed by Coinbase, an industry leader in custodial services and a trusted storage partner for cryptocurrency. The ETPs are therefore safe from not only hacking and theft but also from the potential that these risks might undermine investor confidence in cryptocurrency as a whole.

Furthermore, these ETPs maintain a competitive management fee of 1.49%, which provides an economical way for investors to gain access to the payoffs from the burgeoning blockchain projects.

Avalanche (AVAX) and Cardano (ADA): Key Players in the Crypto Space

Two of the most impressive and creative blockchain undertakings within the cryptocurrency movement are Avalanche and Cardano. Avalanche, the 12th largest project by market cap, is honored for its nearly instant transaction speeds, making the network a go-to for developers of decentralized applications (dApps) and smart contracts. This is due in no small part to its “Avalanche consensus,” which allows for extremely quick transaction finality, giving the platform an edge (so to speak) over others in terms of scalability and transaction throughput.

At the same time, Cardano—number 9 in market capitalization—has built its reputation on being something of a direct counter to the “move fast and break things” ethos. Cardano was developed using peer-reviewed research, and its components are rigorously tested before being deployed on the mainnet. Under the leadership of co-founder Charles Hoskinson (who also co-founded Ethereum), Cardano has made sustainability, security, and scalability—what might be called “the trifecta of the well-designed blockchain”—its guiding ethos.

Both of these assets have strong communities and active development teams behind them, making them appealing options for investors seeking to diversify their portfolios with top-notch blockchain projects.

Surging Activity on the Avalanche Network

The on-chain activity of Avalanche has been on the upswing lately. But what does this mean for the network’s future? The number of active addresses on the network has now surged past an impressive 250,000 and, for what it’s worth, this figure does make Avalanche look pretty good on the monthly active user (MAU) scoreboard. Yet, we still don’t know exactly what this figure translates to in terms of actual user growth, since the majority of those addresses can probably still be classified as “non-retired” (i.e., they haven’t done anything significant in forever).

As the number of decentralized finance (DeFi) projects and NFTs being built on the Avalanche network continues to grow, this surge in activity is a powerful signal that the platform is building traction and establishing itself as a key player in the blockchain ecosystem. The Avalanche network’s attractiveness is evidenced by the fact that more and more developers and users are opting to build on it. In terms of business upside for investors, this is mostly a good thing. Here are some potential catalysts for future growth for the Avalanche platform and its investors.

With its growing popularity, Avalanche represents a secure choice for a pegged ETP, which itself is a secure and accessible investment vehicle. ETP investors can thus feel confident that their underlying asset is sound. And speaking of sound, let’s get back to the user- and developer-friendly network that is all the rage in the decentralized finance (DeFi) movement. Investor demand for AVAX seems to stem almost entirely from the network’s real-world use.

A Bright Future for Finnish Crypto Investors

The Avalanche and Cardano ETPs debut on Nasdaq Helsinki, and offer a significant advancement in making cryptocurrency investments accessible to a broader audience in Finland. They allow investors to easily and securely gain exposure to two of the most prominent blockchain networks in the market today.

The push toward decentralized finance and blockchain technology provides plenty of opportunities for investing in cryptocurrencies. Avalanche, with its rising on-chain activity, and Cardano, with its well-researched development, are both suitable assets for investment. These two entities have recently been made accessible to investors in Finland via listed ETPs. They now represent gateway assets to the DeFi opportunity set for Finnish investors.

In the next few months, it will be fascinating to observe how these ETPs fare in the Finnish market and whether they prompt other markets to do the same. For the time being, it is these two assets that have our undivided attention as they continue to push the boundaries of the next wave of innovation in the crypto sphere.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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