Designed to supply publicity and danger administration inside a crypto asset class
MV Index Solutions GmbH (MVIS®) and Wavebridge as we speak introduced the launch of the MVIS-Wavebridge Bitcoin Plus Altcoins Momentum Index (TICKER:MWBPM).
The MVIS-Wavebridge Bitcoin Plus Altcoins Momentum Index (TICKER:MWBPM) tracks the monetary efficiency of an index composed of Bitcoin and different altcoins weighted by momentum issue. The index is constructed as a convex mixture primarily based on previous performances of two principal parts: Bitcoin and a basket of non-Bitcoin crypto belongings (“Altcoins”). The goal of the index is to supply publicity to each Bitcoin and selective altcoins utilizing Wavebridge’s proprietary quant mannequin in an try to supply superior returns by way of optimum allocations. This mannequin additionally supplies index-based entry to components that traditionally have pushed a big a part of digital asset danger and return.
“The launch of this new index is a response to elevated demand for extra advanced approaches in the crypto area. MVIS is glad to assist Wavebridge supply a momentum-based strategy to the market,” mentioned Thomas Kettner, COO of MV Index Solutions.
“Wavebridge is dedicated to bridging the digital belongings and conventional belongings by offering our experience on cryptos. We will proceed to develop our international capabilities for this mission,” mentioned Jongwook Oh, CEO of Wavebridge.
“As digital belongings transfer mainstream, the want for good funding methods will develop. This index partnership with MVIS showcases the crypto and quant capabilities of Wavebridge,” mentioned Taeyong Lee, Chief Global Strategy Officer at Wavebridge.
The MVIS-Wavebridge Bitcoin Plus Altcoins Momentum Index (TICKER:MWBPM) is a rules-based index that covers the broadest CCCAGG pricing offered by CryptoCompare, calculated in USD as value return indices. Capping components are utilized to keep away from overweighting of single index firms. The index is reviewed on a month-to-month foundation. Detailed details about every index is on the market on MV Index Solutions website.
Key Index Features
MVIS-Wavebridge Bitcoin Plus Altcoins Momentum Index (TICKER:MWBPM)
Number of Components: 8
Base Date: 31 December 2017
Base Value: 100
Note to Editors:
About MV Index Solutions – www.mvis-indices.com
MV Index Solutions (MVIS®) develops, displays and licenses the MVIS Indices, a collection of targeted, investable and diversified benchmark indices. The indices are particularly designed to underlie monetary merchandise. MVIS Indices cowl a number of asset lessons, together with fairness, fastened earnings markets and digital belongings and are licensed to function underlying indices for monetary merchandise. Approximately USD 31.43 billion in belongings below administration (as of 26 August 2021) are at present invested in monetary merchandise primarily based on MVIS Indices. MVIS is a VanEck firm.
About Wavebridge – www.wavebridgelabs.com
Wavebridge is a quant pushed digital innovation accomplice in the finance business. Wavebridge makes use of extremely subtle information processing infrastructure and monetary engineering strategies in addition to quant algorithms to digitally optimize numerous elements of the monetary system and danger administration. Proprietary crypto information gathering engine and evaluation device together with quant capabilities are key to creating distinctive digital asset funding methods.