Frankfurt (6 October 2020) – Today, MV Index Solutions GmbH(MVIS®) and CryptoCompare announced the licensing of the MVIS CryptoCompare DigitalAssets 5 Index (ticker: MVDA5), MVIS CryptoCompare DigitalAssets 10 Index (ticker: MVDA10) and MVIS CryptoCompare DigitalAssets 25 Index (ticker: MVDA25) to Bitpanda as underlying indices for their firstregulated product.
Bitpanda is a leading European neobroker on a missionto democratize the complex world of investing. Founded in 2014 the company is afirm believer in transparency and making it as easy as possible for everyone tostart investing. Bitpanda removes complicated financial barriers by harnessingthe innovative power of digitised assets and blockchain technology. With lowfees, 24/7 trading and real-time settlement, Bitpanda empowers users to shapetheir financial futures - on their own terms.
The MVIS CryptoCompare DigitalAssets 5 Index, MVIS CryptoCompare DigitalAssets 10 Index and MVIS CryptoCompare Digital Assets 25 Index are modified market cap-weighted indices thattrack the performance of the 5/10/25 largest and most liquid digital assets. Toensure investability, the indices undergo rigorous liquidity screenings.
"We arevery pleased to announce the licensing of three of our digital asset Indices toBitpanda. Our pioneering Digital AssetIndex capabilities continue to lead the industry, and the launch of newtracking products from Bitpanda will fulfil the needs of institutionalinvestors and further strengthen the status of digital assets as an assetclass”, said Steven Schoenfeld, CEO of MV Index Solutions.
Charles Hayter,Co-Founder and CEO of CryptoCompare commented: “Together with MV IndexSolutions and Bitpanda, we are excited to progress the growth of innovativedigital asset products. Adding to the suite of trusted MVIS CryptoCompareIndices, we look forward to continuing to expand the availability ofhigh-quality, institutional-grade products.”
The MVIS CryptoCompare DigitalAssets 5 Index, MVIS CryptoCompare DigitalAssets 10 Index (ticker: MVDA10) and MVIS CryptoCompare DigitalAssets 25 Index (ticker: MVDA25) are calculated in US Dollar as a price index. Cappingfactors are applied to avoid overweighting of single index companies. Theindices are reviewed monthly. Detailed information about the index, includingmethodology details and index data, are available on MV Index Solutions website.
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