MVIS launches new index tracking leading crypto assets

Sep 7th, 2018 | By | Category: Alternatives / Multi-Asset

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MV Index Solutions (MVIS), the indexing division of ETF issuer VanEck, has launched the Amun Crypto Basket Index, a digital assets index designed to track the top crypto assets.

MVIS launch new index tracking leading crypto assets

The Amun Crypto Basket Index will track the top five crypto assets by market cap and liquidity.

Developed in collaboration with Amun, a London-based financial technology company, the index includes the top five crypto assets by market cap and liquidity.

The index also utilizes Amun’s quant-driven volatility management methodology to determine the weights of its constituents, helping to manage the volatility associated with less liquid or smaller crypto assets.

According to MVIS, this process has helped to provide an enhanced return/risk profile compared to similar peer indices.

“Cryptocurrencies have taken the world by storm since last year,” said Thomas Kettner, Managing Director at MVIS. “Amun’s approach with a forward-looking and volatility adjusted weighting scheme is an enhancement of existing concepts and a valuable alternative for investors who do not want to follow the crowd.”

“We’re very excited to partner up with MVIS to create a reliable crypto index that avoids some of the drawbacks of crypto investing,” added Hany Rashwan, Chief Executive Officer at Amun. “Our proprietary methods have already shown superior returns compared with other indices and we look forward to building additional products that continue to push the envelope on crypto investing.”

VanEck has already stated its interest in launching a bitcoin ETF. The firm partnered with blockchain company SolidX to propose a physically backed ETF that would be insured against loss or theft of underlying bitcoin. The two companies filed a joint request with the US Securities and Exchange Commission (SEC) for approval of the fund, which is currently under review.

However, the SEC has yet to give the green light on the listing of any crypto asset ETF and just last month rejected nine proposals for bitcoin ETFs including from issuers such as ProShares, Direxion, and GraniteShares.

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