Frankfurt (31 March 2021) – MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, todayannounced the licensing of the MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) to VanEck for the use as underlying for theirsecond cryptocurrency exchange-traded product with MVIS that allows investors toparticipate in the development of Ethereum on an exchange-traded basis.
“We are pleased to license our MVIS CryptoCompare Ethereum VWAP CloseIndex to VanEck. This is their second cryptocurrency exchange-traded productwith us, following the licensing of the MVIS CryptoCompare Bitcoin VWAP CloseIndex“, said Thomas Kettner, COO at MV Index Solutions.
“Amidst a global shift in greater institutional adoption of digitalassets, we are excited to provide VanEck with a robust underlying index fortheir Ethereum ETN. Building upon the success of the MVIS CryptoCompare productsuite, we look forward to the continued expansion of high-quality,institutional-grade digital asset products”, said Charles Hayter, CEO andCo-Founder of CryptoCompare.
“A lot of cryptocurrencies use Ethereum as a platform,” MartijnRozemuller, Head of Europe at VanEck commented. “We believe that Ethereum'smany possible applications will benefit from the growing use of blockchain inboth the financial industry and the rest of the economy. Accordingly, Ethereumrepresents an exciting investment opportunity from our point of view, allowinginvestors to diversify their portfolio with another promising cryptocurrencyalongside Bitcoin.”
The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is an index designed to measure the performance of a digital assetsportfolio which invests in Ethereum, with a closing value based on an hourlyVWAP price. The rules-based index covers the broadest aggregate pricing forindices calculated by CryptoCompare. Detailed information about MVISCryptoCompare Indices, including methodologydetails and index data, are available on the MV Index Solutions website.
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