New Agency Launched.

Gissis (reviewed here) just published an update that might be of interest to readers who have a serious to keep abreast of agencies that are involved with the tracking of Bitcoin and, perhaps, in the prediction of future trends.  This is a bit over my head.  However, here’s the update in case it is of interest to you.

New Index for Tracking of Bitcoin

On Monday, MV Index Solutions (“MVIS”), the indexing division of U.S. asset manager VanEck, and CryptoCompare, a leading digital asset market data provider, launched the MVIS CryptoCompare Institutional Bitcoin Index (ticker: MVIBTC).

Frankfurt-based MVIS “develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices.” Approximately $14.48 billion in assets are “currently invested in financial products based on MVIS Indices.”

CryptoCompare, which was founded in 2014 and is headquartered in London, provides retail and institutional investors with reliable real-time and historical cryptocurrency market data. One way it tries to ensure the integrity of its data is by reviewing crypto exchanges on a monthly basis, monitoring for market abuse, and taking regional anomalies and geographical movements into consideration. Two examples of major financial data providers that rely on CryptoCompare are Thomson Reuters and MVIS.

Today’s joint press release by the two companies says that the MVIS CryptoCompare Institutional Bitcoin Index was designed to “measure the performance of a digital assets portfolio which invests in Bitcoin, priced on select exchanges.”

Stay up to date with Gissis Holding Company!

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