MV Index Solutions GmbH (MVIS) and CryptoCompare have announced the launch of two new professional-grade indices involving bitcoin and ethereum.
According to the official press release, MVIS and leading digital asset data aggregator CryptoCompare have partnered to launch the MVIS CryptoCompare Institutional Ethereum Index (MVIETH) and the MVIS CryptoCompare Bitcoin VWAP Close Index (MVBTCV).
The institutional ethereum index was designed to measure the performance of digital asset portfolios invested in ethereum, with the price based upon selected exchanges. The MVBTCV index measures the performance of portfolios invested in bitcoin, with the closing value based upon an hourly volume-weighted average price (VWAP). VWAP provides investors with a trading benchmark for the average price BTC has traded at over the course of the time period.
Charles Hayter, CEO and co-founder of CryptoCompare, said the new indices reflected the growing demand for regulated digital asset investment products.
He continued,
The indices will provide investors with a transparent benchmark to measure the performance of their Bitcoin and Ethereum exposure.
MVIS chief operating officer (COO) Thomas Kettner said the new indices would serve as a complement to the company’s existing products and help investors combat potential market manipulation.
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