VanEck launches Bitcoin OTC performance index

posted 25 days ago
MV Index Solutions, a subsidiary of NY based investment management firm VanEck, has launched a new Bitcoin index. The Bitcoin US OTC Spot Index is said to be the first index that covers the performance of Bitcoin on selected over the counter platforms in the US. The index represents the average spot price of Bitcoin and tracks performance based on three providers in OTC liquidity: Circle Trade, Cumberland and Genesis Trading.

Managing director at MIVS Thomas Kettner said “We are excited to be the first provider to launch a bitcoin index based on the pricing feed of OTC trading desks. This enables clients who trade over the counter to use this index as a reliable benchmark for their trades or potential investment products."
Tags: bitcoin, news