Frankfurt(06 May 2021) – MV Index SolutionsGmbH (MVIS®) todayannounced the licensing of the MVISCryptoCompare Bitcoin Benchmark Rate (ticker: BBR) to Ninepoint Partners LP for theirBitcoin ETF. The ETF will change from the MVIS CryptoCompare InstitutionalBitcoin Index (ticker: MVIBTC), to value the ETF’s bitcoin.
“Weare pleased to license this index to Ninepoint, which is designed to provide aprice for bitcoin which is hard to manipulate,” said Thomas Kettner, COO atMVIS. “The index follows our long-term mission in supporting new productdevelopments with the aim of providing investors access to bitcoin data”.
The MVISCryptoCompare Bitcoin Benchmark Rate (ticker: BBR) is designed to be a robust price for Bitcoin in USD, based on one hourmedian weighted prices.Launched on 3 June 2020 it is a rules based index which covers the highestranked exchanges in CryptoCompare’s Exchange Benchmark. Detailed informationabout the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR), includingmethodology details and index data, is available on the MV Index Solutionswebsite.
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