Swedish digital asset manager Virtune has launched what it claims is Europe's most cost-efficient Sui exchange-traded product (ETP) on Euronext Paris, marking another step in the company's expansion across European markets. The Virtune Sui ETP, with the ticker VRTU, provides investors with exposure to the Sui cryptocurrency through a regulated, physically backed investment vehicle. This launch comes as Virtune continues to build its position as one of the leading issuers of regulated crypto ETPs in Europe.

The new ETP features an industry-leading 0.95% annual management fee, making it the most cost-efficient Sui ETP available to European investors. Virtune plans to further expand the product's distribution by listing it on local German exchanges, including gettex and Tradegate, to improve accessibility for German investors. The company has established itself as a trusted provider in the digital asset space, serving over 150,000 investors since its launch just over two years ago.

Security and regulatory compliance remain central to Virtune's approach, with Coinbase serving as the crypto custodian for all of the company's ETPs. The underlying crypto assets are held in cold storage, providing institutional-grade security for investors. This infrastructure supports Virtune's commitment to offering European investors secure, transparent, and regulated access to digital asset markets through traditional investment channels.

Christopher Kock, CEO of Virtune, emphasized the company's mission to make innovative digital assets more accessible to investors. "We are excited to launch the most cost-efficient Sui ETP in Europe, reinforcing our mission to make innovative digital assets more accessible to investors," Kock stated. The launch strengthens Virtune's position as it manages more than $475 million in assets across its product offerings, continuing its growth trajectory in the European digital asset management landscape.

A Swedish court has convicted six individuals for their involvement in the murder of a 41-year-old gang leader in the Berga district of Linköping during the summer of 2024. The Linköping District Court delivered verdicts in the case, which involved eight defendants originally charged with participation in the killing. The court established that the murder was carried out according to a criminal plan orchestrated by members of an organized crime network based in the Berga area.

The victim was fatally shot in a public space near Berga Church in Linköping on August 13, 2024. Multiple gunshots struck the man in his back and head during the daylight incident, which occurred near residential buildings and a playground. Several members of the public witnessed the shooting, adding to the evidence presented during the trial.

Court proceedings revealed that a 14-year-old boy fired the fatal shots that killed the gang leader. The teenager, who has admitted to the killing, was not prosecuted due to being below the age of criminal responsibility under Swedish law. Instead, prosecutors focused on the eight older individuals allegedly involved in planning and facilitating the murder, all of whom had denied the charges against them.

Evidence presented by prosecutors included extensive documentation of movement patterns through surveillance footage, GPS data from electric scooters, and mobile phone analysis. The court determined the victim had been lured to the crime scene under the pretense of a drug transaction, with communication occurring through a special Snapchat account and a dedicated mobile phone later found buried in nearby woods. Six of the eight defendants were found guilty, with two receiving life sentences for murder while others were convicted of aiding the killing.