MV Index Solutions (MVIS), a subsidiary of investment management firm VanEck, has announced the launch of MVIS Bitcoin U.S. OTC Spot Index (MVBTCO), a bitcoin-based index and the first one that monitors the performance of bitcoin across established over-the-counter (OTC) platforms in the U.S., according to a company statement.The index will cover the spot price of bitcoin from these OTC platforms: Circle Trade, Genesis Trading and Cumberland. MV Index Solutions helps to develop, license and monitor asset classes such as fixed income markets, equities and more, with the use of investment indices. The MVBTCO, which will track just bitcoin, increases MVIS's portfolio to 24 digital asset indices.Thomas Kettner, managing director at MV Index Solutions, commented in the release, stating the company was excited to launch a “bitcoin index based on the pricing feed of OTC trading desks,” which he believes would serve OTC traders as a “reliable benchmark for their trades or potential investment products.”Gabor Gurbacs, director of Digital Asset Strategies at VanEck/MVIS, calls the launch a great win for “greater transparency and price discovery” for institutional investors, which is necessary for the development of the digital asset space.“The index may pave the way for institutionally oriented products, such as ETFs, as well as provide further tools to institutional investors to execute institutional size trades... For Further Information Click on Below Button