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STOXX Launches Digital Asset Blue Chip Index with Valour and Bitcoin Suisse

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STOXX Ltd., a subsidiary of the ISS STOXX GmbH group, has announced the licensing of a new Digital Asset Blue Chip Index to Valour Inc. The index, representing STOXX’s venture into the digital asset realm, will underpin an exchange traded product (ETP) on Xetra, a prominent platform for ETFs & ETPs in Europe. This collaborative index creation involved Bitcoin Suisse, a crypto-financial services provider.

The STOXX Digital Asset Blue Chip Index is designed to offer a diversified and high-quality selection of assets employing crypto-specific metrics. It encompasses tokens categorized under the Bitcoin Suisse Global Crypto Taxonomy (GCT), prioritizing the most robust and representative assets across eligible sectors. Noteworthy is the implementation of a market capitalization weightage with a 30 percent cap to control exposure to dominant tokens like Bitcoin and Ethereum.

Axel Lomholt, General Manager at STOXX, emphasized the increasing investor interest in diversifying portfolios with alternative asset classes. He highlighted the move into the crypto space as a response to this evolving trend, leveraging the index’s methodological robustness tailored to contemporary investor needs.

Valour Inc.’s Chief Sales Officer, Marco Infuso, noted the distinct feature of the new ETP – the 30 percent cap on individual crypto underlyings. This attribute makes the ETP a unique portfolio inclusion for exposure to the crypto universe with a single position.

CEO of Bitcoin Suisse, Andrej Majcen, expressed pride in collaborating on the pioneering STOXX Digital Asset Blue Chip Index, labeling it as Europe’s inaugural alternative investment to pure top market cap crypto asset strategies. He reaffirmed Bitcoin Suisse’s commitment to driving innovation in both the traditional and crypto spaces.

Rachel Adams

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