Indices to underlie digital asset ETFs on Toronto Inventory Change
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 glad to announce the primary digital property ETFs based mostly on two of our indices had been listed this week. After their profitable closed-end funds which had been launched final yr, 3iQ now additionally determined for MVIS indices to underlie their new funds,” stated 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, resembling derivatives and ETPs, on Ethereum and Bitcoin. They combination transaction costs on the highest 5 exchanges, chosen through the CryptoCompare Exchange Benchmark, and disseminates in real-time. The indices are based mostly on a median of quantity-weighted median costs.
“Our constitution at 3iQ is to deliver digital property 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,” stated 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 via strong digital asset indices. As institutional demand grows, these new funds are taking part in an essential function in serving to traders achieve extra publicity to digital property 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 obtainable 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, displays and licenses the MVIS Indices and BlueStar Indexes, a collection of targeted, 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, fastened revenue markets and digital property and are licensed to function underlying indices for monetary merchandise. Roughly USD 28.76 billion in property beneath administration (as of 23 April 2021) are at the moment invested in monetary merchandise based mostly on MVIS Indices. MVIS is a VanEck firm.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is a world chief in digital asset information offering institutional and retail traders with real-time and historic information spanning 5,000+ cash and 250,000+ forex 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 property beneath administration. 3iQ was the primary Canadian funding fund supervisor to supply a public bitcoin funding fund, The Bitcoin Fund. Getting access to digital property resembling bitcoin might be daunting, expensive, and inconvenient. 3iQ gives traders handy and acquainted funding merchandise to realize publicity to digital property. 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/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