Frankfurt (23 April 2021) – MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced thelicensing of the MVISCryptoCompare Ethereum Benchmark Rate (ticker: EBR) and the MVISCryptoCompare Bitcoin Benchmark Rate (ticker: BBR) to 3iQ Corp. for their Ether ETF(TSX:ETHQ.U) and Bitcoin ETF (TSX:BTCQ.U).
“We are happy to announce the first digitalassets ETFs based on two of our indices were listed this week. After theirsuccessful closed-end funds which were launched last year, 3iQ now also decidedfor MVIS indices to underlie their new funds.,”said Thomas Kettner, COO of MV Index Solutions.
The MVIS CryptoCompare Ethereum Benchmark Rate (ticker: EBR) and the MVISCryptoCompare Bitcoin Benchmark Rate (ticker: BBR) serve as a referencerate for funds, asset managers and exchanges who wish to build financialproducts, such as derivatives and ETPs, on Ethereum and Bitcoin. They aggregate transaction prices on the top five exchanges, selected via the CryptoCompareExchange Benchmark, and disseminates in real-time. The indices are based on anaverage of quantity-weighted median prices.
“Our charter at 3iQ isto bring digital assets to the listed markets with the help of best-in-classservice providers like MVIS. The new product is the next step in our company’sjourney” said Tom Lombardi, Managing Director of 3iQ.
CharlesHayter, CEO and Co-Founder of CryptoCompare, commented: “We are delighted tocontinue our collaboration with 3iQ Corp. and enable the expansion of their innovativefinancial products through robust digital asset indices. As institutionaldemand grows, these new funds are playing an important role in helpinginvestors gain more exposure to digital assets and we are excited to work with3iQ and MVIS to lead that charge.”Detailed informationabout the indices, including methodology details and index data, is availableon the MV Index Solutions website.
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