FYI: VanEck’s MV Index Solutions unit is partnering with CryptoCompare, a London-based digital asset data provider, to offer 12 single digital asset indexes, including for bitcoin and ether, and four indexes tracking baskets of five to 100 cryptocurrencies. The firm on Sept. 27 withdrew an application to list a bitcoin derivatives exchange-traded fund after the Securities and Exchange Commission said it wouldn’t review a petition for a fund that intends to invest in instruments that aren’t yet available.
At a time where Wall Street seems split between loving and hating cryptos, the move puts VanEck squarely in the bulls camp, as the firm views benchmark indexes as a necessary step for this nascent sector to grow. New York-based VanEck is the ninth biggest ETF provider.
Regards,
Ted
https://www.bloomberg.com//news/articles/2017-11-06/vaneck-launches-16-crypto-indexes-after-withdrawing-bitcoin-etf
