MV Index Solutions (MVIS) in partnership with CryptoCompare, a specialist in digital asset data, has launched the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC), which is designed to measure the performance of a digital assets portfolio which invests in Bitcoin, priced on select exchanges.

The MVIS CryptoCompare Institutional Bitcoin Index aims to provide a robust and transparent benchmark for Bitcoin, which will be used by Canadian investment fund manager, 3iQ Corp, for the purpose of NAV calculation of The Bitcoin Fund.

“We are pleased to launch this index with our partner CryptoCompare,” says Thomas Kettner, Managing Director at MVIS. “The index follows our long-term mission in supporting new product developments with the aim of providing investors access to bitcoin”.

“Our mission is to bring greater transparency to the digital asset class by providing high-quality, trusted data and indices. Together with our partner MVIS, we are excited to offer investors a reliable tool to better measure the performance of their Bitcoin exposure,” says Charles Hayter, CEO and Co-Founder of CryptoCompare.