MarketVector Indexes Launches the MarketVector Digital Assets Max 10 VWAP Close Index
FRANKFURT, Germany (May 15, 2023) — MarketVector IndexesTM (“MarketVector”) announces the launch of the MarketVectorTM Digital Assets Max 10 VWAP Close Index (ticker: MVDAMV), a modified market cap-weighted index that tracks the performance of the largest and most liquid digital assets. To ensure investability, the index undergoes rigorous liquidity screenings. All assets on the selection list are screened for investability and must be listed on at least one of the top 15 exchanges, as measured by CCData’s Exchange Benchmark.
“We are pleased to launch the MVDAMV index to support the product development of Deutsche Digital Assets,” said Steven Schoenfeld, CEO of MarketVector. “This unique liquidity-screened index with VWAP close pricing leverages our long-standing relationship with CCData in establishing rigorous investability criteria.”
The MarketVectorTM Digital Assets Max 10 VWAP Close Index employs volume-weighted average price (VWAP), providing investors with a more accurate and reliable representation of the assets’ value by accounting for both price and volume. This aims to ensure a fairer representation of the market.
“The MarketVectorTM Digital Assets Max 10 VWAP Close Index underlying the DDA Crypto Select 10 ETP will provide investors with true, unbiased exposure to the largest crypto assets and blockchain technologies,” said Dominik Poiger, Chief Product Officer at Deutsche Digital Assets (DDA). “We are excited to launch this product together with MarketVector as a pioneer in digital assets indexes.”
“We're proud to introduce the MVDAMV index as a game-changing investment solution in the digital asset landscape,” added Martin Leinweber, CFA, Digital Asset Product Strategist of MarketVector. “By offering an uncapped index with VWAP close pricing, we’re delivering a truly representative and fair investment opportunity for those seeking to embrace the future of the crypto market. With the MVDAMV index, investors can confidently navigate the dynamic world of digital assets, benefiting from the advantages of VWAP close pricing and comprehensive exposure to the top 10 cryptocurrencies.”
The index is reviewed on a quarterly basis and calculated in USD as a price index. Capping factors are applied to avoid overweighting of single index components.
Detailed information about the index, including methodology details and index data, is available on the MarketVector website.