Virtune AB has completed the February 2025 rebalancing of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics, listed on Nasdaq Stockholm. The index allocation now features Bitcoin at 40% and Ethereum at 31.29%, reflecting a downturn in the crypto market, with Chainlink experiencing a significant 41% decline. Investors are reminded that cryptocurrency investments carry high risks, and Virtune does not provide investment advice.
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0 in Finance and 0 in Crypto last weekGrayscale Files for Cardano Spot ETF as ADA Price Surges 14 Percent
Grayscale has filed for a Cardano (ADA) spot ETF with NYSE Arca, marking a significant expansion of its crypto offerings beyond Bitcoin and Ethereum. Following the announcement, ADA’s price surged 14%, reaching an intraday high of $0.8, although it remains down 17% over the past two weeks. The ETF, which will hold only ADA, is seen as a response to growing institutional interest, while the SEC has yet to make a decision on the application.
about Grayscale Files for Cardano Spot ETF as ADA Price Surges 14 PercentKlarna CEO Plans to Embrace Cryptocurrency Amid Competitive Landscape
Klarna’s CEO, Sebastian Siemiatkowski, announced the company’s intention to “embrace crypto,” seeking input from followers as it prepares for a US IPO. This shift comes as Klarna aims to catch up with competitors like PayPal and Revolut, which already offer extensive cryptocurrency services. Siemiatkowski’s change in perspective on crypto contrasts sharply with his previous criticisms, highlighting a newfound enthusiasm for the industry.
about Klarna CEO Plans to Embrace Cryptocurrency Amid Competitive LandscapeKlarna to Integrate Crypto Ahead of $15 Billion IPO in the US
Swedish fintech giant Klarna is set to embrace cryptocurrency as it prepares for a $15 billion IPO in the US, targeted for April. CEO Sebastian Siemiatkowski acknowledged the demand from its 85 million users, hinting at potential crypto integrations within its platform. This move could reshape the fintech landscape and signal a shift for traditional finance entities.
about Klarna to Integrate Crypto Ahead of $15 Billion IPO in the USForeign Investors Exit Indian Market Amid Economic Slowdown and Correction
Foreign investors are exiting India’s stock market amid economic slowdown, with the Nifty 50 and Sensex hitting seven-month lows. Despite this, analysts view the correction as healthy, suggesting long-term potential remains strong, particularly in sectors like IT and private banking. Domestic investors have countered the outflows, injecting around $27 billion since October, indicating continued local confidence in the market.
about Foreign Investors Exit Indian Market Amid Economic Slowdown and CorrectionStocks and Bonds Decline as Fed Rate-Cut Expectations Shift
European stocks and US equity futures fell as traders adjusted expectations for Federal Reserve interest-rate cuts following strong US payroll data. The dollar strengthened, and global bond yields rose, with the 10-year Treasury yield reaching 4.78%. Analysts suggest that uncertainty surrounding incoming policies may lead to interest rates remaining higher for longer, with Bank of America now predicting no rate cuts this year.
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