MV Index Solutions (MVIS) launches 8 new crypto indices covering DeFi, Infrastructure Application, Media and Entertainment, and Smart Contracts.
The crypto market revolution is developing very rapidly, and crypto assets arrive almost every day. This makes distinguishing those new crypto products with the best potential from the others more difficult amongst the noise that is inevitably created by any new revolutionary technology in its early infancy.
Crypto Indices or digital assets indices and benchmarks helps investors measure the performance of different crypto assets.
Read More: A Complete Guide to Cryptocurrency Indices
MV Index Solutions (MVIS) in partnership with CryptoCompare, the global leader in digital asset data, launches the following new crypto indices.
- MVIS CryptoCompare Decentralized Finance Index (ticker: MVDF)
- MVIS CryptoCompare Decentralized Finance Leaders Index (ticker: MVDFLE)
- MVIS CryptoCompare Infrastructure Application Index (ticker: MVIAP)
- MVIS CryptoCompare Infrastructure Application Leaders Index (ticker: MVIALE)
- MVIS CryptoCompare Media & Entertainment Index (ticker: MVME)
- MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE)
- MVIS CryptoCompare Smart Contract Index (ticker: MVSC)
- MVIS CryptoCompare Smart Contract Leaders Index (ticker: MVSCLE)
MVIS says that these indices are designed to measure the performance of the respective digital assets – DeFi (decentralized finance), infrastructure application, media & entertainment and smart contract.
MV Index Solutions (MVIS) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products.
Approximately $31.32 billion in assets under management (as of 08 October 2021) are currently invested in financial products based on MVIS/ BlueStar Indices.
Steven Schoenfeld, CEO at MV Index Solutions, said:
“We are thrilled to launch these eight new innovative indices to expand our pioneering family of Digital Asset indices. We are confident that these new indices will provide valuable benchmarks for the dynamic areas of DeFi, Smart Contracts and Infrastructure Applications.”
CryptoCompare is a global leader in digital asset data providing institutional and retail investors with real-time and historical data spanning 5,500+ coins and 250,000+currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare offers a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
Charles Hayter, CEO and Co-Founder of CryptoCompare, commented:
“These eight new indices are valuable additions to our trusted suite of MVIS CryptoCompare products. We are delighted to work with MV Index Solutions to support investor demands for exposure to decentralized finance and other important high growth areas.”
The rules-based indices cover the broadest CCCAGG pricing provided by CryptoCompare, are calculated in USD as price return indices. Capping factors are applied to avoid overweighting of single index components. The indices are reviewed monthly.