According to the official press release, VanEck subsidiary MV Index Solutions has launched the MVIS Bitcoin US OTC Spot Index (MVBTCO), which is the first bitcoin index based on U.S. price feeds from established OTC digital asset trading operations.
MV Index Solutions is a Frankfurt am Main-based provider of software solutions. The company is also develop and support solutions for third parties that aims on monitor specific investment themes.
The index reportedly will be based on three of the main providers in OTC liquidity: Genesis Trading, Circle Trade and Cumberland. The press release also states that MVBTCO is expanding its portfolio up to 24 digital assets indices.
The Circle COO, Elisabeth Carpenter said that MVIS is doing a significant efforts “in providing the institutional community with reliable and transparent data for the Bitcoin market.” Carpenter also highlighted that the launch of bitcoin index would be “a reliable benchmark for trades or potential investment products.”
Earlier, the executive director of Digital Assets Strategy at VanEck, Gabor Gurbacs, expressed his expectations regarding the first Bitcoin-ETF, which will receive billion of investments from institutional investors.
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