Index to underlie the performance of a digital asset portfolio
FRANKFURT, Germany, April 04, 2022– (Business WIRE) – MV Index Solutions GmbH (MVIS®), in partnership with CryptoCompare, today announced the Licensing of the MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE) to Investo as underlying indices for their NFTS11 ETF.
The index is designed to measure the performance of the largest and now liquid media & entertainment assets, and is an investable subset of the MVIS CryptoCompare Media & Entertainment Index.
“MV Index Solutions is proud to partner with our friends at Investo to Accelerate innovation in the Digital Asset Ecosystem, bringing a cutting-edge concept to Brazil. The MVIS CryptoCompare Media & Entertainment Leaders Index is a key building block for benchmarking digital asset portfolios by category, in this case, capturing the investable universe of coins used to reward users for content, games, gambling or social media, “said Steven Schoenfeld, CEO of MV Index Solutions.
“We live in a generation in which virtual worlds are creating Wealth for users who spend more and more time interacting on digital platforms, and Brazilians also deserve to participate in this Wealth that is created. And with this launch, this is exactly what NFTS11 makes possible – to facilitate investment in virtual Worlds assets, bringing investors closer to a world with high potential, “says Cauê Mançanares, CEO of Investo.
“Media and entertainment is an exciting and rapidly growing subsector of the digital asset ecosystem and has started to garner interest from investors across the globe. Investo’s NFTS11 ETF provides those in Brazil with an accessible investment vehicle that Grants exposure to a diverse range of assets that are linked to this growing sector, “said Charles Hayter, CEO and Co-Founder of CryptoCompare.
The MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE) is a rules-based index and calculated in USD as a price return index. Capping factors are applied to avoid overweighting of single index components. The index is reviewed on a monthly basis. Detailed information about the index, including methodology details and index data, is available on the MV Index Solutions website.
Key Index Features
MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE)
Number of Components: 7
Base Date: March 31, 2021
Base Value: 100
Note to Editors:
About MV Index Solutions – www.mvis-indices.com
MV Index Solutions (MVIS®) develops, Monitors and licenses the MVIS Indices and BlueStar Indexes, 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 USD 34.96 billion in assets under management (as of 4 April 2022) are currently invested in financial products based on MVIS / BlueStar Indices. MVIS is a VanEck company.
About Investo – https://investoetf.com/
Investo is the first independent investment manager in Brazil to specialize in ETFs (Exchange Traded Funds). Founded at Harvard University (USA) in early 2020, its purpose is to “turn Brazilians into global investors”, bringing innovation to Brazil by means of products that enable investments abroad in a simple, safe, agile and low-cost continent, allowing Brazilians to participate in the value generation of the world’s best companies. Founded by Cauê Mançanares, CEO, Luiz Junior, COO, and partner Gabriel Lansac as CRO, Investo has partners such as BTG, Nubank Invest, Credit Suisse, Banco Inter and Banco Modal.
About CryptoCompare – https://data.cryptocompare.com
CryptoCompare is an FCA authorized benchmark Administrator and 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 analyzing tick data from globally recognized Exchanges and seamlessly Integrating multiple datasets, CryptoCompare offers a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220404005709/en/
Eunjeong Kang, MV Index Solutions
+49 (0) 69 4056 695 38
Alissa Ostrove, CryptoCompare