The company behind a recent effort to launch a cryptocurrency-traded exchange-traded fund (ETF) unveiled a series of new price indices related to bitcoin and other digital assets.
New York-based VanEck announced today that it is partnering with the British data company CryptoCompare to launch the indices, many of which focus on specific cryptocurrencies like bitcoin and ether, as well as others that trace the movements of several assets. The indices are managed by MV Index Solutions, a company owned by VanEck.
“Digital assets are a dynamic area that deserves attention, particularly by a professional investor.Although not without risks, digital assets have the potential to integrate into the broader economy and become an asset class. fully investable, “said Thomas Kettner, CEO of MVIS, in a statement.
VanEck made the headlines in August when filings with the US Securities and Exchange Commission revealed a plan to list a Bitcoin derivatives-focused ETF. The filings – which took place months after the SEC rejected an ETF effort by investors Cameron and Tyler Winklevoss – ended up as part of a broader effort to create similar products for investors. US investors.
In late September, however, VanEck filed a request to withdraw its application, revealing at that time that the SEC almost refused to review the ETF proposals built around cryptocurrency derivatives, due to the nascent state. of this market.