Assets under management amounted to SEK 2.24 billion at the half-year mark. Net sales decreased by 29 per cent and EBITDA amounted to -10,618 KSEK, while the company had positive net inflows in every month of the period.
Assets under management
SEK at the end of the period
Net inflow
positive every month
Net sales
vs H1 2025
Inflows every month, lower assets under management
Virtune reports net inflows of 367,426 KSEK for the first half of 2026 (1,389,609 KSEK), and states that inflows were positive in every month of the period. According to the company, this places Virtune among the top six European issuers of crypto ETPs in terms of net inflows. At the same time, the change in value of the underlying assets amounted to -1,243,213 KSEK, which meant that assets under management at the end of the period amounted to 2,242,711 KSEK (3,140,823 KSEK).
| H1 2026 | H1 2025 | |
|---|---|---|
| Net sales | 21,376 | 30,178 |
| EBITDA | -10,618 | 5,320 |
| Adjusted EBITDA | -10,043 | 6,037 |
| Profit for the period | -10,216 | 4,668 |
| Assets under management, closing | 2,242,711 | 3,140,823 |
The market downturn reversed the result
Net sales amounted to 21,376 KSEK (30,178 KSEK), a decrease of 29 per cent that the company mainly attributes to the value performance of the underlying assets in the ETP programme. Adjusted EBITDA amounted to -10,043 KSEK (6,037 KSEK), corresponding to an adjusted EBITDA margin of -47 per cent. CEO Christopher Kock describes the result as a clear shift after the company’s first profitable full year in 2025, and states that Virtune has chosen to continue investing in distribution, market presence, product development and geographic expansion rather than improving the short-term result.
Poland, new products and more exchanges
In February Virtune listed the first spot crypto ETPs on the Warsaw Stock Exchange — according to the company the first ever on the exchange — and during the half-year expanded its offering in Poland with the Virtune Crypto Altcoin Index ETP on the same exchange. Other events during the period:
- Virtune BNB ETP was launched on Nasdaq Stockholm in January.
- Virtune Sui ETP and Virtune Hyperliquid ETP were launched on Deutsche Börse Xetra in January and April respectively.
- BitGo was added as a further custodian in March.
- Virtune announced in March that the company’s crypto ETPs are available for trading at Levler.
- A Country Manager for Finland was recruited in April.
After the period
After the end of the period, Virtune listed its Hyperliquid ETP on Nasdaq Stockholm and Nasdaq Helsinki, and added Twinstake as a further staking provider within its crypto ETP programme. According to the company’s financial calendar, the annual report for 2026 will be published on 31 March 2027. The half-year report has not been reviewed by the company’s auditor.
Source: Virtune AB (Publ), half-year report for the period 1 January – 30 June 2026, Board approval dated 13 August 2026.
