Indices to underlie digital asset ETFs on Toronto Inventory Change
MV Index Options GmbH (MVIS®) in partnership with CryptoCompare, the worldwide chief in digital asset information, introduced the licensing of the MVIS CryptoCompare Ethereum Benchmark Charge (ticker: EBR) and the MVIS CryptoCompare Bitcoin Benchmark Charge (ticker: BBR) to 3iQ Corp. for his or her Ether ETF (TSX:ETHQ.U) and Bitcoin ETF (TSX:BTCQ.U).
“We’re joyful to announce the primary digital belongings ETFs based mostly on two of our indices have been listed this week. After their profitable closed-end funds which have been launched final 12 months, 3iQ now additionally determined for MVIS indices to underlie their new funds,” mentioned Thomas Kettner, COO of MV Index Options.
The MVIS CryptoCompare Ethereum Benchmark Charge (ticker: EBR) and the MVIS CryptoCompare Bitcoin Benchmark Charge (ticker: BBR) function a reference charge for funds, asset managers and exchanges who want to construct monetary merchandise, resembling derivatives and ETPs, on Ethereum and Bitcoin. They mixture transaction costs on the highest 5 exchanges, chosen through the CryptoCompare Change Benchmark, and disseminates in real-time. The indices are based mostly on a mean of quantity-weighted median costs.
“Our constitution at 3iQ is to carry digital belongings to the listed markets with the assistance of best-in-class service suppliers like MVIS. The brand new product is the subsequent step in our firm’s journey,” mentioned Tom Lombardi, Managing Director of 3iQ.
Charles Hayter, CEO and Co-Founding father of CryptoCompare, commented: “We’re delighted to proceed our collaboration with 3iQ Corp. and allow the growth of their revolutionary monetary merchandise by sturdy digital asset indices. As institutional demand grows, these new funds are taking part in an necessary position in serving to buyers acquire extra publicity to digital belongings and we’re excited to work with 3iQ and MVIS to steer that cost.”
Detailed details about the indices, together with methodology particulars and index information, is accessible on the MV Index Options web site.
Key Index Options
MVIS CryptoCompare Ethereum Benchmark Charge
Variety of Elements: 1
Base Date: 12/31/2015
Base Worth: 745.36
MVIS CryptoCompare Bitcoin Benchmark Charge
Variety of Elements: 1
Base Date: 12/31/2015
Base Worth: 425.23
Be aware to Editors:
About MV Index Options – http://www.mvis-indices.com
MV Index Options (MVIS®) develops, displays and licenses the MVIS Indices and BlueStar Indexes, a choice of centered, investable and diversified benchmark indices. The indices are particularly designed to underlie monetary merchandise. MVIS Indices cowl a number of asset courses, together with fairness, mounted earnings markets and digital belongings and are licensed to function underlying indices for monetary merchandise. Roughly USD 28.76 billion in belongings underneath administration (as of 23 April 2021) are presently invested in monetary merchandise based mostly on MVIS Indices. MVIS is a VanEck firm.
About CryptoCompare – https://information.cryptocompare.com
CryptoCompare is a world chief in digital asset information offering institutional and retail buyers with real-time and historic information spanning 5,000+ cash and 250,000+ foreign money pairs. By aggregating and analysing tick information from globally recognised exchanges and seamlessly integrating a number of datasets, CryptoCompare gives a complete, granular overview of the market throughout commerce, order ebook, historic, social and blockchain information.
About 3iQ Corp. – www.3iq.ca
Based in 2012, 3iQ is Canada’s largest digital asset funding fund supervisor with greater than C$400 million in belongings underneath administration. 3iQ was the primary Canadian funding fund supervisor to supply a public bitcoin funding fund, The Bitcoin Fund. Having access to digital belongings resembling bitcoin may be daunting, expensive, and inconvenient. 3iQ gives buyers handy and acquainted funding merchandise to realize publicity to digital belongings. For extra details about 3iQ, go to our web site at www.3iQ.ca or observe us on Twitter @3iQ_corp.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20210423005421/en/
Séverine Thäsler-Jäger, MV Index Options
+49 (0)69 4056 695 53
Tom Lombardi, 3iQ Corp
+1 (416) 639-2130
Carmen Bercea, CryptoCompare