London, 9th April 2020: CryptoCompare is pleased to announce that the MVIS CryptoCompare Institutional Bitcoin Index has been licensed to 3iQ Corp for The Bitcoin Fund (Ticker: QBTC.u on the Toronto Stock Exchange). The exchange listing will take place on Thursday April 9th.
The MVIS CryptoCompare Institutional Bitcoin Index is a rules-based index, intended to give investors a means of tracking the performance of Bitcoin on selected top tier exchanges. These exchanges include Binance, Bitflyer, Bitstamp, Coinbase, Gemini, itBit and Kraken.
Thomas Kettner, Managing Director at MV Index Solutions said:
We are pleased that our Digital Assets Indices continue to be popular and that we are now also the underlying index of a publicly listed investment fund in Canada. This will help to strengthen the status of digital assets as an asset class.
Quynh Tran-Thanh, Chief Product Officer at CryptoCompare, said:
We are delighted to see our Institutional Bitcoin Index used as the underlying index for The Bitcoin Fund. We believe that our robust Digital Asset Indices will continue to service the growing demand for regulated digital asset investment products.
Founded in 2014, CryptoCompare is the world’s leading digital asset market data company, providing data products and services that cater to corporate, government and retail clients. CryptoCompare provides real-time, high quality data spanning 3,200+ coins and 150,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data. For more information, please visit data.cryptocompare.com.
About MV Index Solution:
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 10.73 billion in assets under management are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company. For more information please visit www.mvis-indices.com.