Frankfurt (28 January2021) – Today, MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Institutional Bitcoin Index(MVIBTC) to Ninepoint PartnersLP (NinepointPartners) for the use in a fund. The fund’s investment objectives are toseek to provide its unitholders with exposure to the digital currency Bitcoin throughan institutional-quality, cost-efficient platform, and to provide a secure,simpler and exchange-traded investment alternative for buying and holdingBitcoin.
“We are pleased to license ourInstitutional Bitcoin Index to Ninepoint, providing their new fund with atransparent and reliable benchmark,” stated Steven A. Schoenfeld, CEO of MVIndex Solutions. ”As a pioneer of Digital Asset indices, we are committed toproviding fund sponsors and their investors with the tools to measure thedynamic cryptocurrency markets,” he added.
“Entering the digital asset space withthe launch of our fund marks a milestone at Ninepoint Partners”, says JamesFox, Managing Partner and Co-CEO, Ninepoint Partners. “With the help of best inclass service providers like MVIS we are able to provide both institutional andretail investors with a better, more reliable way to access investment exposureto Bitcoin.”
“We are excited to provide NinepointPartners with a robust underlying index for their product. This benchmarkfollows our mission to enable the expansion of high-quality,institutional-grade digital asset products,” said Quynh Tran-Thanh, ChiefProduct Officer of CryptoCompare.
MVIS CryptoCompareInstitutional Bitcoin Index (MVIBTC), launched on 25November 2019, is a rules-based index which measures the performance of adigital assets portfolio that invests in Bitcoin, priced from selectedexchanges. These exchanges currently include Binance, Bitflyer, Bitstamp,Coinbase, Gemini, itBit and Kraken.
Detailed information about the index,including methodology details and index data is available on the MV Index Solutions website.
Press Release:English
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