A VanEck subsidiary has launched the first cryptocurrency indices to meet industry benchmarking standards.
The MV Index Solutions series includes 12 single and four multiple currency products with Bitcoin, Ether and Ripple among the assets tracked.
VanEck says the products can be used for active and passive portfolio strategies, futures contracts and other derivatives.
“Digital assets are a dynamic area that merits attention, especially by professional investors,” states MVIS managing director Thomas Kettner.
“Although not without risks, digital assets have the potential to integrate into the broad economy and become an investable asset class in their own right.”
VanEck director of digital asset strategy Gabor Gurbacs says the launch is in line with their commitment to structural innovation within asset management.
“High quality digital asset indices are among the first building blocks in a series of market structure oriented digital asset initiatives.”