Frankfurt-based Solactive AG to act as calculation agent for first-of-their-kind indices
Beyond Bitcoin, LLC, a Manhattan based minority-owned investment firm, announced the launch of first-of-their-kind equal-weighted crypto indices to offer a truly diversified alternative to today’s highly concentrated market-capitalization weighted indices. The indices will provide broader exposure to the asset class, addressing an unmet market need.
“The majority of core crypto indices today have up to 90% of their weight in two cryptocurrencies, Bitcoin and Ether, failing to provide investors with adequate exposure and tracking of the broader digital asset market”
“The majority of core crypto indices have up to 90% of their weight in two cryptocurrencies, Bitcoin and Ether, failing to provide investors with adequate exposure and tracking of the broader digital asset market,” said Paul de Leon, Founder and CEO of Beyond Bitcoin, LLC. “By applying tried-and-true investment principles, and focusing on assets supported by regulated custodians, the indices can provide a sound basis for investment products as well as more accurate benchmarks for the asset class.”
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The first three Beyond Bitcoin Indices include:
- Beyond Bitcoin Core 20 Equal Weight Index (Bloomberg: BB20EW, Refinitiv: .BB20EW)
- Beyond Bitcoin Metaverse Index (Bloomberg: BBMETA, Refinitiv: .BBMETA)
- Beyond Bitcoin Ethereum Killers Index (Bloomberg: BBETHK, Refinitiv: .BBETHK)
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“We are pleased that Beyond Bitcoin, LLC shares our innovation spirit and has chosen us as the calculation agent for their new index series to offer investors a diversified investment possibility within the crypto space,” said Timo Pfeiffer, Chief Markets Officer at Solactive. “We look forward to expanding this relationship in the future.”
Equal-weighted DeFi and Web3 indices will be launched shortly.
Beyond Bitcoin, LLC is in early stages of development of private placement trusts based on several of these indices to offer accredited investors a simple way to gain diversified exposure to the broad cryptocurrency market and specific themes within the asset class.
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