Virtune completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP on October 5, 2026. One line in it matters most for you: Gram (GRAM) has left the index and Litecoin (LTC) is
Virtune completed the monthly rebalancing of the Virtune Crypto Altcoin Index ETP on October 5, 2026. One line in it matters most for you: Gram (GRAM) has left the index and Litecoin (LTC) is newly in. All ten positions then stand at exactly 10.00 percent again.
This is not a product that concerns Scandinavian accounts alone. It trades on Deutsche Börse Xetra under ISIN SE0023260716 and German securities number A4AKW6, ticker VRTA, in euros. Anyone holding it has had a different mix in their account since the reporting date than in September. The reasons for that lie not in a market view but in the rules of the index itself.
Virtune is a Swedish issuer of crypto ETPs based in Stockholm. The company publishes the composition of its altcoin index monthly, each time after the reporting date. This time two snapshots are available: the weighting as at September 29, 2026, before the rebalancing, and the one as at September 30, after it.
Before the rebalancing the basket looked like this: Bitcoin Cash 11.11 percent, Chainlink 11.08 percent, Solana 10.86 percent, Cardano 10.07 percent, Stellar 9.91 percent, XRP 9.79 percent, Canton 9.78 percent, Hyperliquid 9.47 percent, BNB 9.26 percent and Gram 8.68 percent.
After the rebalancing there are ten names with an identical share: Canton, Cardano, Bitcoin Cash, BNB, Solana, Stellar, XRP, Hyperliquid, Chainlink and Litecoin, each at 10.00 percent. Nine of the ten names were already there before. Exactly one position was swapped.
Important for placing the timing: the announcement is dated October 5, while the composition itself applies as at September 30. Several days therefore lie between the change taking effect in the index and its publication. Anyone reconciling the monthly figures of their account against the index should use the reporting date, not the date of the announcement.
Before the rebalancing Gram sat in last place in the basket with 8.68 percent. That is no accident but a consequence of equal weighting: start the previous month at 10.00 percent, then run weaker than the other nine, and you slide down by the next reporting date. Gram, incidentally, is the name of the token that ran as Toncoin until it was renamed; cryptoticker.io described the change at the end of September 2026.
Litecoin takes that place. The coin belongs to the oldest networks in the market and stood at around $70 on October 5, 2026, down 0.9 percent within a day and up 0.8 percent over the week. That is a quiet picture, and it shows something important: inclusion in the index does not coincide with a jump in the price.
An index provider makes no investment decision in the individual case. It applies a rule. According to the issuer, the Virtune Crypto Altcoin Index takes in up to ten leading alternative crypto assets, expressly without Bitcoin and without Ethereum, and weights each of them equally. Whoever belongs to the leading ten by the index's measure in a given month is in; whoever drops out is out. No statement about the further course of the price lies in that.
Ten places of equal weight, one swap: that is how a rule-based rebalancing works in practice.
Equal weighting means every position in the basket gets the same share, regardless of the size of the coin. A network with a market value of several hundred billion dollars therefore carries just as much weight as one worth a few billion. In Virtune's index, with ten positions, that is 10.00 percent each.
That equality does not hold by itself. As soon as trading resumes, the ten prices pull apart and the shares shift. This is why there is a monthly reset. The mechanism has a consequence many buyers underestimate: on the reset, the month's winners are systematically trimmed and the losers built up. In September that visibly affected Bitcoin Cash and Chainlink, which stood on top at over 11 percent and were brought back to 10.00 percent.
This is neither good nor bad, but it is a deliberate decision by the index provider. Anyone who believes an altcoin basket automatically bets on the strongest trends has it wrong: equal weighting works in the opposite direction to momentum.
A closer look pays off here, because the terms get muddled in everyday use. The trading venue data of Börse Frankfurt list the security as type: ETN. An ETN, an exchange traded note, is in law a debt security of the issuer and not a fund. No segregated fund assets arise, of the kind you know from a UCITS fund.
In practice that means for you: alongside the price risk of the ten altcoins you also carry a risk attached to the issuer. How that is secured in the individual case is not stated in a press release but in the base prospectus and the provider's product documents. Reading those documents before money moves is no formality with a debt instrument.
How exchange-traded crypto securities are classified in Germany in general, which structures exist and how they differ, we have put together in our overview of crypto ETFs and ETPs for investors in Germany. It also sets out why the term "crypto ETF" in German usage mostly means something other than a genuine fund.
One point that rarely appears in product descriptions and gets expensive when it matters: the trading hours do not match. Regular Xetra trading runs from 9:00 to 17:30 according to Börse Frankfurt, with early and late trading from 8:00 to 22:00. The crypto market itself knows no break.
So if a piece of news moves one of the ten coins by 15 percent on a Saturday afternoon, you cannot sell the ETP. You see the move, but you cannot reach it. Only on Monday morning does the first price reflect the interval, and it does so all at once. Anyone sitting on a direct purchase through an exchange could have traded on the Saturday.
That gap is the strongest argument for getting clear about your route of access before buying. Which broker offers which trading hours, spreads and order fees for exchange-traded crypto securities differs considerably; our comparison of crypto brokers gives an overview.
The thinner the trading in a security, the wider the bid and ask prices sit apart. In early and late trading the volume is as a rule lower than in the core session. Anyone placing a larger order in those fringe hours pays that difference. A limit instead of a market order is not a nicety for the advanced here but the obvious protection.
With the ETP in your account, holding your own keys falls away; buy the ten coins directly and the question arises at once.
After every index inclusion, readings appear that put more into it than is there. Litecoin is by market value one of the smaller networks in the leading ranks and quoted at about $70 on October 5, 2026. The inclusion says the coin met the index criteria on the reporting date. It says nothing about October.
The same holds in reverse for Gram. Leaving the index is no verdict on the project but the result of a ranking on a given date. A token can drop out one month and slip back in the next without anything having changed in the network.
This difference is probably the most consequential for investors in Germany, and it is readily overlooked at the point of purchase. On the private sale of cryptocurrencies you hold yourself, the system of private disposals under section 23 of the German Income Tax Act applies, with its familiar one-year period. For a securitised instrument in a securities account, taxation follows a different logic.
How an individual crypto ETN is treated in concrete terms depends on its legal structure and cannot be answered across the board for every security. That is precisely why the question belongs before the purchase and not in the following year's tax return. Settle it with your tax adviser, and have the issuer's documents to hand for it.
What you can do in any case: document cleanly. Purchase date, quantity, price, trading venue and fees belong on the record, and with coins the wallet addresses as well. Tools that take this on spare you the reconstruction at the end of the year.
The index deliberately leaves out Bitcoin and Ethereum. That is the core of the product, and it changes its risk profile markedly. The two largest networks carry the bulk of the market value and a large part of the liquidity. A basket without them is not a picture of the crypto market but a targeted bet on everything except the two heavyweights.
On top of that, the ten names are built very differently. Among them stand established payment networks such as Bitcoin Cash and Litecoin, large platform chains such as Solana and Cardano, the exchange token BNB, the oracle network Chainlink, and younger names such as Hyperliquid and Canton. Ten identical percentages conceal that the projects earn from quite different things and are tradable to quite different depths.
For spread that means: ten positions are more than one, but equal weighting alone creates no diversification across different kinds of risk. If the altcoins fall together in a weak market, an equal distribution helps little.
Virtune reports a result for the ETP of 15.39 percent for September. That is a monthly figure for a single calendar month, and it describes a phase in which altcoins did well overall. Deriving an expectation for October from it would be exactly the error that monthly returns provoke so reliably.
The figure is useful all the same, as a gauge of the swing. A basket that can add a good 15 percent in one month can lose correspondingly in another. Anyone who cannot bear that range in their account solves the problem not through the choice of product but through the size of the position.
The rebalancing is monthly. You do not have to wait for it, but you should know that the composition of your security changes as a matter of course without your doing anything. If you want to know the basket you are holding right now, the issuer's current announcement is the only reliable source. A composition from the previous month is simply out of date.
You will find the announcement on the rebalancing at Virtune in the original, and the trading venue data including ISIN, German securities number, instrument type and trading hours at Börse Frankfurt.
(As of October 5, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
