Frankfurt-based MVIS, or MV Index Solutions, in partnership with CryptoCompare, have yesterday (June 18) added three new price indices to their already extensive list of digital asset indices. The new three are CCSMART, CCDARK, and CCALT. MVIS have launched the indices in cooperation with U.S.-based investment firm Crescent Crypto.
The assets tracked in these three new indices can probably be inferred. CCSMART tracks a basket of nine of the most prominent smart contract platforms: ETH, EOS, XLM, ADA, TRX, NEO, ONT, XEM, and WAVES. CCDARK tracks only three popular privacy coins, XMR, DASH, and ZEC. The largest new index, CCALT, tracks a total of 13 assets including LTC, BCH, and ATOM. All of the baskets are weighted in favor of the more popular coins.
The Frankfurt-based company, a subsidiary of VanEck Associates Corp., is a major provider not only in the cryptoasset industry, but also in the traditional financial system, operating dozens of indices of corporate and national bonds, commodities, and other assets.
We are excited to expand our partnership with Crescent. We continue to work closely with Crescent team, and are impressed by their capabilities and vision. These 3 new indices reflect their commitment to providing useful digital asset benchmarks
MVIS stand to be big in crypto, too, if a VanEck ETF ever does get approved by the U.S. Securities and Exchange Commission (SEC); as CryptoGlobe reported late last year, MVIS are slated to provide the index pricing for any would-be VanEck-SolidX ETF. Index pricing has been a major issue for the SEC, during their determination of whether or not to approve an ETF, as a reliable price index is one of the most important components of a regulated market.
We are thrilled to announce the publication of our new indices. MVIS is a great partner for us to continue to expand our Index Family. The introduction of sector indexes allows investors to stay informed on the performance of specific themes within the digital asset ecosytem – such as smart contract platforms or anonymity-focused cryptoassets
According to yesterday’s press release, the new indices “all draw from the Crescent’s broader index methodology with market cap minimums, liquidity and exchange requirements, cold storage capability.”