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VanEck Subsidiary Launches Index Tracking OTC Bitcoin Performance

From coindesk.com

MV Index Solutions (MIVS), a subsidiary of New York-based investment management firm VanEck, has launched a new bitcoin index. Announced Tuesday, the MVIS Bitcoin US OTC Spot Index (MVBTCO) is said to be the first index that covers the performance of bitcoin on selected over-the-counter (OTC) platforms in the U.S. 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, the release states. The index tracks just bitcoin and does not consider forks, according to the MVIS website. “We are excited to be the first ... (full story)

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  • Category: Fundamental Analysis