Indices to underlie digital asset ETFs on Toronto Inventory Alternate
MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the worldwide chief in digital asset information, introduced the licensing of the MVIS CryptoCompare Ethereum Benchmark Rate (ticker: EBR) and the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR) to 3iQ Corp. for his or her Ether ETF (TSX:ETHQ.U) and Bitcoin ETF (TSX:BTCQ.U).
“We’re blissful to announce the primary digital belongings ETFs primarily based on two of our indices have been listed this week. After their profitable closed-end funds which have been launched final yr, 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 Rate (ticker: EBR) and the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR) function a reference price for funds, asset managers and exchanges who want to construct monetary merchandise, similar to derivatives and ETPs, on Ethereum and Bitcoin. They mixture transaction costs on the highest 5 exchanges, chosen through the CryptoCompare Exchange Benchmark, and disseminates in real-time. The indices are primarily based 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 following 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 enlargement of their modern monetary merchandise by way of sturdy digital asset indices. As institutional demand grows, these new funds are taking part in an essential function in serving to traders acquire extra publicity to digital belongings and we’re excited to work with 3iQ and MVIS to guide that cost.”
Detailed details about the indices, together with methodology particulars and index information, is offered on the MV Index Solutions website.
Key Index Options
MVIS CryptoCompare Ethereum Benchmark Rate
Variety of Elements: 1
Base Date: 12/31/2015
Base Worth: 745.36
MVIS CryptoCompare Bitcoin Benchmark Rate
Variety of Elements: 1
Base Date: 12/31/2015
Base Worth: 425.23
Notice to Editors:
About MV Index Options – http://www.mvis-indices.com
MV Index Options (MVIS®) develops, screens and licenses the MVIS Indices and BlueStar Indexes, a number of centered, investable and diversified benchmark indices. The indices are particularly designed to underlie monetary merchandise. MVIS Indices cowl a number of asset lessons, 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 below administration (as of 23 April 2021) are presently invested in monetary merchandise primarily based on MVIS Indices. MVIS is a VanEck firm.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is a worldwide chief in digital asset information offering institutional and retail traders 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 e-book, 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 below administration. 3iQ was the primary Canadian funding fund supervisor to supply a public bitcoin funding fund, The Bitcoin Fund. Getting access to digital belongings similar to bitcoin might be daunting, expensive, and inconvenient. 3iQ gives traders handy and acquainted funding merchandise to achieve publicity to digital belongings. For extra details about 3iQ, go to our web site at www.3iQ.ca or comply with us on Twitter @3iQ_corp.
View supply model on businesswire.com: https://www.businesswire.com/news/home/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