Frankfurt (06 May 2021) – MV Index Solutions GmbH (MVIS®) today announced the licensing of the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR) to Ninepoint Partners LP for their Bitcoin ETF. The ETF will change from the MVIS CryptoCompare Institutional Bitcoin Index (ticker: MVIBTC), to value the ETF’s bitcoin.
“We are pleased to license this index to Ninepoint, which is designed to provide a price for bitcoin which is hard to manipulate,” said Thomas Kettner, COO at MVIS. “The index follows our long-term mission in supporting new product developments with the aim of providing investors access to bitcoin data”.
The MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR) is designed to be a robust price for Bitcoin in USD, based on one hour median weighted prices. Launched on 3 June 2020 it is a rules based index which covers the highest ranked exchanges in CryptoCompare’s Exchange Benchmark. Detailed information about the MVIS CryptoCompare Bitcoin Benchmark Rate (ticker: BBR), including methodology details and index data, are available on the MV Index Solutions website.