CME Group Launches Indexes To Track Bitcoin’s Price
CME Group, the world’s largest futures exchange, has launched a pair of indexes to track bitcoin’s price, a move that could boost bitcoin’s visibility in the futures market. The newly-introduced CME CF Bitcoin Reference Rate (BRR) and the CME CF Bitcoin Real Time Index (BRTI) are a standardized reference rate and a spot price index, respectively. The indexes are expected to drive the professionalization of bitcoin trading and further establish digital assets as a new asset class, CME noted on its website. The indexes were scheduled to launch Monday in the production environment on the....
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CME Group has officially launched its bitcoin price indexes following months of development. The derivatives giant has spent the last month beta testing its CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index in partnership with London-based firm Crypto Facilities. Announced earlier this year, the indexes leverage price data from a suite of global bitcoin exchanges in Asia, Europe and North America. CME also disclosed the names of the independent advisory committee overseeing the price resources. Members include bitcoin advocate and author Andreas Antonopoulos and Imperial....
The S&P Cryptocurrency Broad Digital Market Index is being launched alongside four other benchmarks that track cryptocurrencies based on market capitalization. S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks the performance of the broader digital asset market. The S&P Cryptocurrency Broad Digital Market Index, labelled BDM, tracks more than 240 digital assets at launch and represents an expansion of the firm’s recently launched crypto benchmarks. In addition to BDM, the company also....
A Chinese indexes company, Hang Seng Indexes, has launched a new index which tracks the performance of metaverse-related companies in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the company said. Rising Popularity of the Metaverse Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, recently announced the Hang Seng China Metaverse Index launch. The new index tracks the performance of mainland Chinese companies involved in metaverse-related businesses. As explained in a statement released....
The world’s largest futures exchange CME Group has launched two indexes for tracking bitcoin’s price, setting the digital currency on a course of well-deserved (and mainstream) publicity. Chief investment officer at Global Advisors Daniel Masters explained: “There is tremendous, pent-up demand in the U.S. for bitcoin exposure that doesn’t require an investor to select one of the current bitcoin exchanges in order to invest.” CME has been one of the year’s leading innovators in the field of cryptocurrency. When banks and finance institutions are studying the blockchain and creating their....
S&P Dow Jones Indices has made it official: they will launch cryptocurrency indexes in 2021, becoming the latest major finance company to make its inception into the digital asset industry. More than 550 of the top traded coins to be included in the indexes As Reuters reported initially on December 3, 2020, such indexes will measure the performance of over 550 top traded crypto by market cap, including bitcoin, and they will use data from the New York-based company Lukka. According to the statement issued by both companies, S&P’s clients could create customized indexes, among other....