FRANKFURT, Germany–(BUSINESS WIRE)–At the moment, MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the worldwide chief in digital asset knowledge, introduced the licensing of the MVIS CryptoCompare Institutional Ethereum Index (ticker: MVIETH) to 3iQ Corp. for his or her Ether Fund (TSX:QETH.U). With MVIS’ index as underlying, 3iQ now gives a Ether fund listed on Toronto Inventory Change and priced in USD for Canadian traders. It was constructed to offer traders with publicity to the digital asset Ethereum and the day by day value actions of the U.S. greenback value of Ethereum, and the chance for long-term capital appreciation.
“We’re proud to increase our Digital Asset Index household with the launch of the MVIS CryptoCompare Institutional Ethereum Index and its licensing to 3iQ,” stated Steven Schoenfeld, CEO of MV Index Options. “This launch advances our industry-leading place in cryptocurrency benchmarks, and additional confirms our position as a trusted accomplice to modern product issuers on this dynamic area,” he continued.
The MVIS CryptoCompare Institutional Ethereum Index (ticker: MVIETH) is an index designed to measure the efficiency of a digital property portfolio which invests in Ethereum, priced on chosen exchanges.
Quynh Tran-Thanh, Head of Indices and Investable Devices of CryptoCompare commented: “We’re excited to offer 3iQ Corp. with a premium measure of market efficiency for his or her product. The launch of this absolutely regulated fund marks one more milestone within the development of worldwide publicity to modern digital asset merchandise.”
“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 subsequent step in our firm’s journey” stated Tom Lombardi, Managing Director of 3iQ.
The MVIS CryptoCompare Institutional Ethereum Index is a strong and clear benchmark for Ethereum. Launched on 6 August 2020, it’s a rules-based index, meant to offer traders a method of monitoring the efficiency of Ethereum on chosen exchanges, that are ranked on the idea of CryptoCompare’s Exchange Benchmark. These exchanges embody Binance, Bitstamp, Coinbase, Gemini, itBit and Kraken.
Detailed details about the indices, together with methodology particulars and index knowledge, is on the market on the MV Index Solutions website.
Key Index Options
MVIS CryptoCompare Institutional Ethereum Index
Variety of Elements: 1
Base Date: 12/31/2015
Base Worth: 100
Be aware 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 collection 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, fastened earnings markets and digital property and are licensed to function underlying indices for monetary merchandise. Roughly USD 20.85 billion in property underneath administration (as of three December 2020) are presently invested in monetary merchandise based mostly on MVIS Indices. MVIS is a VanEck firm.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is the worldwide chief in digital asset knowledge. Institutional and retail traders depend on the corporate for real-time, high-quality knowledge spanning 4,500+ cash and 200,000+ forex pairs. By aggregating and analysing tick knowledge 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 knowledge.
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 underneath administration. 3iQ was the primary Canadian funding fund supervisor to supply a public bitcoin funding fund, The Bitcoin Fund. Having access to digital property similar to bitcoin could be daunting, pricey, 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 comply with us on Twitter @3iQ_corp.