BITA Launches the First Series of Digital Asset Indexes and Benchmarks, Dubbed ‘The S&P of Cryptocurrencies'
Digital asset company, BITA, has announced the launch of its BITA index series. It represents the first in a line of entirely independent indexes, responsible for tracking benchmarks for cryptocurrencies and digital tokens.
The index offering is covered by the BITA50 (B50) index. The market benchmark offers a percentage exposure to the total market's capitalization, while also providing 40, 30, 20 and 10 token variations.
The index has been introduced to provide exposure for investors to passive investment products. Allowing for a greater level of investment diversification and underlying liquidity.
Users of the index will also be assured that it includes rules-based Qualitative and/or Quantitative filters. Both to prevent regulatory pitfalls while protecting investors from risky investments.
BITA strives to represent a positive step forward for cryptocurrency and digital assets for the future. And according to the report ‘Blockchain Capital Markets' from Celent: it's proving useful.
“Financial institutions need to develop a diverse disciplinary approach to this new asset class because it will impact capital allocation, liquidity generation, and portfolio construction…
Regulated digital asset exchanges and security tokens will represent a critical inflection point as digital assets continue to attract institutional capital. Institutional-grade indexes and data products, like those offered by BITA, will also play an important part.”
BITA is positioned in a healthy place to become what it seeks to be for the industry. A global leader in digital asset based indexes and data with a particular focus on maintaining a high level of quality to the data provided to their users.
By using similar practices and methodologies used within professional capital markets. BITA seeks to build a reputation as a reputable, trusted index for cryptocurrencies and digital assets.
“Digital Assets (Cryptocurrencies and Tokens) will become an asset class present in the asset allocation mix of most institutional portfolios. We are very excited to contribute to the evolution of the industry and build the first series of indexes and data products that comply with the transparency, regulation and quality standards that the world's top institutions require.” – Victor Gomez, Managing Director of BITA
The company strives to take an aggressive approach towards its position. While unchallenged as of yet in the market, BITA has its eyes on developing an ecosystem around what it currently offers.
Christoph Brück, Managing Director of BITA, states that the company seeks to broaden the scope of people already involved in the cryptocurrency world.
“We want the industry to stop benchmarking against Bitcoin. Therefore we want to encourage media participants, crypto enthusiasts, analysts, researchers, startups and students to contact us to receive our index data as well as proprietary crypto prices for free. We want to help the ecosystem to develop.”