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FRANKFURT, Germany–(BUSINESS WIRE)–
Right now, MV Index Options GmbH (MVIS®) introduced the licensing of the MVIS CryptoExamine Bitcoin VWAP Shut Index (ticker: MVBTCV) to VanEck for the use as an underlying index for a Bitcoin exchange traded notice (ETN). With this new product, traders can take part instantly within the efficiency of the main cryptocurrency Bitcoin with out having to purchase it instantly.
Buying the newly listed ETN is so simple as buying and selling in stocks or ETFs; a so-called pockets, customary with cryptocurrencies, through which Bitcoin is saved individually from the remainder of the portfolio on the blockchain, will not be required.
“Bitcoin‘s traditionally comparatively low correlation to different asset lessons makes it a superb strategy to contribute to the diversification of a portfolio,” says Martijn Rozemuller, Head of Europe at VanEck. “With our new ETN, we provide a product that permits traders to profit from the efficiency of Bitcoin.”
The MVIS CryptoExamine Bitcoin VWAP Shut Index (ticker: MVBTCV) is an index designed to measure the efficiency of a digital property portfolio which invests in Bitcoin, with a closing value based mostly on an hourly VWAP price.
“We are proud to be the index provider for this trailblazing product,” stated Steven Schoenfeld, CEO at MV Index Options. “The MVBTCV index enhances investor confidence by precisely monitoring the Bitcoin price, and is a key member of our rising Digital Asset Index household, which continues to pioneer the cryptocurrency area,” he continued.
Detailed details about the index together with methodology particulars and index knowledge can be found on MV Index Options web site.
Word to Editors:
About MV Index Options – www.mvis-indices.com
MV Index Options (MVIS®) develops, screens and licenses the MVIS Indices and BlueStar Indexes, a choice of targeted, 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 property and are licensed to function underlying indices for monetary merchandise. Roughly USD 19.72 billion in property underneath administration (as of 24 November 2020) are at the moment invested in monetary merchandise based mostly on MVIS Indices. MVIS is a VanEck firm.
Séverine Thäsler-Jäger, MV Index Options
+49 (0)69 4056 695 53
Supply: MV Index Options
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