MV Index Solutions GmbH (MVIS), in partnership with CryptoCompare, have announced the licensing of the MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE) to Investo as underlying indices for their NFTS11 ETF.
The index is designed to measure the performance of the largest and most liquid media & entertainment assets and is an investable subset of MVIS CryptoCompare Media & Entertainment Index.
“MV Index Solutions is proud to partner with our friends at Investo to accelerate innovation in the Digital Asset ecosystem, bringing a cutting-edge concept to Brazil. The MVIS CryptoCompare Media & Entertainment Leaders Index is a key building block for benchmarking digital asset portfolios by category, in this case, capturing the investable universe of coins used to reward users for content, games, gambling or social media,” says Steven Schoenfeld, CEO of MV Index Solutions.
“We live in a generation in which virtual worlds are creating wealth for users who spend more and more time interacting on digital platforms, and Brazilians also deserve to participate in this wealth that is created. And with this launch, this is exactly what NFTS11 makes possible – to facilitate investment in virtual worlds assets, bringing investors closer to a world with high potential,” says Cauê Mançanares, CEO of Investo.
“Media and entertainment is an exciting and rapidly growing subsector of the digital asset ecosystem and has started to garner interest from investors across the globe. Investo’s NFTS11 ETF provides those in Brazil with an accessible investment vehicle that grants exposure to a diverse range of assets that are linked to this growing sector,” says Charles Hayter, CEO and Co-Founder of CryptoCompare.
The MVIS CryptoCompare Media & Entertainment Leaders Index (ticker: MVMELE) is a rules-based index and calculated in USD as a price return index. Capping factors are applied to avoid overweighting of single index components. The index is reviewed on a monthly basis.