Beyond Bitcoin, LLC Launches Equal-weighted Crypto Indices to Address Extreme Market Concentration


Frankfurt-based Solactive AG will act as the calculation agent for the first indices of its kind

NEW YORK, May 10, 2022– (BUSINESS WIRE) – Beyond Bitcoin, LLC, a Manhattan-based minority investment firm, today announced the launch of the first equally weighted cryptocurrencies of its kind to offer a truly diversified alternative to today’s highly concentrated market. -capitalized weighted indices. The indices will provide a broader exposure to the asset class, addressing an unmet market need.

“Most key cryptocurrencies today have up to 90% of their weight in two cryptocurrencies, Bitcoin and Ether, without offering investors adequate exposure and monitoring of the broader digital asset market.” said Paul de Leon, founder and CEO of Beyond Bitcoin, LLC. “By applying proven and true investment principles and focusing on assets backed by regulated custodians, indices can provide a solid foundation for investment products as well as more accurate benchmarks for the asset class.”

The first three Beyond Bitcoin indices include:

  • Beyond the Bitcoin Core 20 Equal Weight Index (Bloomberg: BB20EW, Refinitiv: .BB20EW)

  • Beyond Bitcoin Metaverse Index (Bloomberg: BBMETA, Refinitive: .BBMETA)

  • Beyond the Bitcoin Ethereum Killers Index (Bloomberg: BBETHK, Refinitiv: .BBETHK)

“We are pleased that Beyond Bitcoin, LLC shares our spirit of innovation and has chosen us as the computing agent for its new series of indices to provide investors with a diversified investment opportunity within the cryptocurrency space.” said Timo Pfeiffer, Solactive’s director of marketing. “We look forward to expanding this relationship in the future.”

The DeFi and Web3 indexes of equal weight will be launched soon.

Beyond Bitcoin, LLC is in the early stages of developing private placement trusts based on several of these indices to provide accredited investors with an easy way to gain diversified exposure to the broad cryptocurrency market and to specific topics within the asset class.

About Beyond Bitcoin, LLC:

Beyond Bitcoin, LLC is a Manhattan-based minority investment firm focused on the next generation of cryptocurrencies. The mission of Beyond Bitcoin, LLC is to provide investors with the best cryptocurrency investment solutions and customer service that span the broad digital asset ecosystem.

An industry indexing pioneer with more than 25 years of asset management experience, Paul de Leon, founder and CEO of Beyond Bitcoin, LLC, created the Internet 100 Index, and one of the first SEC-registered index mutual funds focused on internet companies in the world. 1990s Mr. Leon has held senior positions at reputable investment firms such as Franklin Templeton, Alliance Bernstein, Lazard Asset Management and Loomis Sayles. For more information, visit http://www.beyondbitcoin.com

About Solactive:

Solactive is a leading provider of indexing, benchmarking and computing solutions for the global investment and trading community. With headquarters in Frankfurt and offices in Hong Kong, Toronto, Berlin and Dresden, we have innovated and changed the status quo as a preferred partner for our clients. The unique combination of the experience of our 250 employees in data, data science, financial markets and technology enables the continued success of our customers through the delivery of superior experience, unique customization capabilities and the best value for money available in the industry. With over 20,000 indexes calculated daily, we offer a complete set of solutions, including ESG indexes and market-leading themes.

In January 2022, Solactive served approximately 500 customers worldwide, with an investment of approximately $ 250 billion in products linked to our indexes. Solactive is registered with ESMA as a reference administrator and is supervised by BaFin.

Exemption from liability

The information in this document does not constitute tax, legal or investment advice and is not intended to be a recommendation to buy or sell securities. Solactive AG and all other companies mentioned in this document are not responsible for the consequences of reliance on any opinion or statement contained in this document or for any omission.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220510005448/en/

Contacts

Press@beyondbitcoin.com
Paul de León
Beyond Bitcoin, LLC



Source link

Leave a Comment

Your email address will not be published.