Main page News, Fintech, Bitcoin, US Market, US, Crypto Market, Cryptocurrency, Bitcoin-ETF
Hot topic
Nov. 21, 2018
326 326

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.”

While the whole market is bearish, digital ecosystem Bakkt decided to add fuel to the fire, postponing the launch of bitcoin futures up to January 29, 2019.

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error