cryptominer.website and Maha Advisors has introduced a new composite virtual foreign money index this is now to be had on Bloomberg, Nasdaq GIDS, and Thomson Reuters Eikon.
The composite virtual foreign money index – named the Maha-cryptominer.website Digital Asset Index (MAGIX), is a marketplace capitalization weighted Laspeyres index. This index will supply customers with the most efficient to be had benchmark for monitoring the evolving virtual asset marketplace, in addition to offering historic efficiency information.
MAGIX represents greater than 90% of the capitalization of all cryptocurrencies lately in movement. With a purpose to supply an independent view of the marketplace, the index weightings are purely in keeping with present marketplace capitalization.
“We’re excited to be launching this product in partnership with Maha Advisors, and we imagine that this index will proceed to give a contribution to cryptominer.website’s dedication to transparency and the maturation of the virtual asset area,” stated TM Lee, CEO of cryptominer.website.
To be integrated within the index, a cryptocurrency will have to first achieve a marketplace capitalization dominance of 0.1% of the full free-floating marketplace capitalization for all cryptocurrencies. This inclusion mechanism is very similar to how publicly traded corporations stocks are integrated within the S&P 500 for the equities marketplace.
With a purpose to modify for unexpected spikes and declines in cryptocurrency marketplace capitalization, the cryptocurrency will have to first care for this degree of dominance for a minimum of 12 weeks sooner than it’s integrated. Exceptions are implemented to stablecoins similar to or , whose price isn’t free-floating.
The index is recalculated each five mins in keeping with the present marketplace costs and adjustments in circulating provide. It additionally tracks greater than five years of traditionally back-tested information.
“We’re taking a look ahead to growing investable merchandise associated with the index someday, and we are hoping that this benchmark supplies a significant software for buyers and teachers alike,” stated Chris Flint, Managing Spouse of Maha Advisors.
To be had Now
The Maha-cryptominer.website Digital Asset Index (MAGIX) is now to be had on Bloomberg, Nasdaq GIDS, and Thomson Reuters Eikon buying and selling terminals below the index ticker MAGIX. It’s also to be had on each cryptominer.website and Maha Advisors web sites right here:
cryptominer.website: Maha Advisors:
The overall method of MAGIX is to be had right here:
cryptominer.website targets to supply a 360-degree evaluate of the cryptoasset marketplace. Along with monitoring cryptoasset worth, quantity and community price, cryptominer.website additionally tracks basic information similar to group expansion, open-source code building, main occasions and on-chain metrics. cryptominer.website’s function is to carry contributors’ figuring out of the basic components that force the marketplace. cryptominer.website is one of the most important and earliest cryptoasset information aggregators, running since early 2019. It lately tracks over 4,500 tokens from over 300 exchanges. For more info, consult with .
About Maha Advisors
Maha Advisors supplies operational and deal structuring recommendation to shoppers within the blockchain group, in addition to capital markets get admission to to rising companies. We paintings with control to toughen services, or pricing to force expansion returns. We then paintings with our companions to return up with a technique for having access to capital to best possible fund the trade with a longer term view. For more info, consult with .