Indices to underlie the performance of digital assets portfolio
MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, today announced the licensing of the MVIS CryptoCompare Algorand VWAP Close Index (ticker: MVALGOV), the MVIS CryptoCompare FTX Token VWAP Close Index (ticker: MVFTTV) and the MVIS CryptoCompare Terra VWAP Close Index (ticker: MVLUNAV) to VanEck Europe as underlying indices for their three new crypto ETNs (Exchange Traded Notes). These products will provide investors with the opportunity to gain exposure to Algorand, FTX Token and Terra on an exchange-traded basis.
The indices are designed to measure the performance of the respective digital assets – Algorand, FTX Token and Terra, with a closing value based on an hourly Volume Weighted Average Price (VWAP).
“We are happy VanEck has licensed another three digital assets indices given the success of the products based on the MVIS CryptoCompare Avalanche VWAP Close and MVIS CryptoCompare Polygon VWAP Close indices," said Thomas Kettner, COO of MV Index Solutions.
“As the top dog in the crypto market, the Bitcoin ETN is still in the line-up. Younger platforms in particular offer many advantages, such as lower transaction costs or faster processes,” says Martijn Rozemuller, CEO at VanEck Europe. “In addition, cryptocurrencies are a good way to diversify one's portfolio due to their low correlation to other asset classes,” he adds. “But the market continues to be in flux: There are now more than 10,000 different cryptocurrencies and no one knows which networks will be the most important in ten years,” he continued.
“CryptoCompare is delighted to work with MVIS to license a selection of new indices to VanEck that will be used to underlie three digital asset ETNs. These new products will help address the growing demand for regulated digital asset investment products and provide investors with a means of gaining exposure to a wider selection of digital assets,” said Charles Hayter, CEO and Co-Founder of CryptoCompare.
The MVIS CryptoCompare Algorand VWAP Close Index (ticker: MVALGOV), the MVIS CryptoCompare FTX Token VWAP Close Index (ticker: MVFTTV) and the MVIS CryptoCompare Terra VWAP Close Index (ticker: MVLUNAV) are rules-based indices and calculated in USD as price return indices. Detailed information about the Indices, including methodology details and index data, is available on the MV Index Solutions website.
Key Index Features
MVIS CryptoCompare Algorand VWAP Close Index (ticker: MVALGOV)
Number of Components: 1
Base Date: 30 June 2019
Base Value: 100
Key Index Features
MVIS CryptoCompare FTX Token VWAP Close Index (ticker: MVFTTV)
Number of Components: 1
Base Date: 30 November 2021
Base Value: 100
Key Index Features
MVIS CryptoCompare Terra VWAP Close Index (ticker: MVLUNAV)
Number of Components: 1
Base Date: 30 November 2021
Base Value: 100
Note to Editors:
About MV Index Solutions - www.mvis-indices.com
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 35.36 billion in assets under management (as of 6 April 2022) are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is an FCA authorised and regulated global leader in digital asset data, providing institutional and retail investors with real-time and historical data spanning 5,500+ coins and 250,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare offers a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005726/en/
Contacts
Eunjeong Kang, MV Index Solutions
+49 (0) 69 4056 695 38
media-enquiries@mvis-indices.com
Alissa Ostrove, CryptoCompare
press@cryptocompare.com
