Despite ADA’s recent 22.5% price drop, analyst Ali Martinez predicts a potential rally to $15 per token, a 1,904% surge.
Sweden-based digital asset manager Virtune has expanded its crypto investment offerings with the launch of a Cardano (ADA) exchange-traded product (ETP) in Finland. The Virtune Staked Cardano ETP was officially listed on the Nasdaq Helsinki Stock Exchange under the ticker VIRADAE, with trading commencing on February 5, 2025.
The Virtune Staked Cardano ETP offers both retail and institutional investors direct 1:1 exposure to ADA, providing a simple way to invest in Cardano without holding the asset directly.
Investors will also benefit from an additional 2% annual return through staking rewards, which are continuously added and reflected in the ETP’s daily price. The ETP is 100% physically backed by ADA stored securely in Coinbase’s cold storage, ensuring transparency and asset protection.
The management fee is set at 1.49%, and the product is denominated in euros (EUR), catering specifically to European investors, with a focus on Finland.
Alongside the Cardano ETP, Virtune also launched an Avalanche (AVAX) ETP under the ticker VIRAVAXE. Similar to the Cardano product, the Avalanche ETP is fully backed by AVAX, offers 1:1 exposure, and includes 2% annual staking rewards with a 1.49% management fee.
With these additions, Virtune now offers seven crypto-related ETPs in Finland, including:
Virtune’s growing portfolio of crypto ETPs provides investors with diverse exposure to leading digital assets, all while simplifying the investment process.
While Cardano (ADA) currently ranks as the ninth-largest cryptocurrency with a market cap of $26.22 billion, it has faced recent price struggles. ADA is down 2.87% in the last 24 hours and has dropped 22.5% over the past week, currently trading at $0.7482.
However, prominent market analyst Ali Martinez remains bullish on ADA’s long-term prospects. Citing historical price data, Martinez predicts a “monster parabolic rally” that could push ADA’s price to $15 per token, representing a 1,904% surge from current levels.
