CoinDesk Indices and SGX Indices launch iEdge CoinDesk Cryptocurrency Indices
CoinDesk Indices and SGX Indices have launched the iEdge CoinDesk Cryptocurrency Indices, a suite of regulated benchmarks for institutional investors. These indices provide real-time and reference rate data for Bitcoin and Ethereum, adhering to EU Benchmarks Regulation (EU BMR). The indices are built using pricing data from a selection of exchanges meeting stringent liquidity and governance standards, crucial for attracting professional investors and product issuers. The underlying methodology prioritizes widely traded digital assets and reliable price sources, ensuring robust, institutional-grade benchmarks.
This initiative enables accurate performance tracking, facilitates product structuring, and supports portfolio allocation for asset managers, ETF issuers, and financial institutions. The indices offer a trusted reference point for digital assets, fostering confident participation in the crypto ecosystem. Andy Baehr of CoinDesk Indices highlights the provision of a trusted foundation for financial professionals. Mohit Baheti of SGX Group emphasizes the indices’ role in supporting institutional tools for digital assets, addressing the growing need for reliable pricing and transparency among professional investors.
Two reference rate indices, IEBRR (Bitcoin) and IEERR (Ethereum), provide a daily USD volume-weighted price published at 4 PM SGT. Two real-time indices, IEBRT (Bitcoin) and IEERT (Ethereum), offer a tradable USD price updated every second, 24/7, including holidays. These indices are explicitly designed for institutional use and are not intended for direct retail investment.
The indices are part of SGX Group’s iEdge index brand, offering a range of thematic indices across various asset classes. These indices serve as benchmarks and underlyings for investment products, reflecting market trends and supporting the development of ETFs and other financial instruments. Importantly, CoinDesk Indices does not endorse or manage any investment products based on these indices and acts neither as an investment advisor nor a commodity trading advisor. Investors should not rely on any statements from CoinDesk Indices when making investment decisions. All content related to the indices is owned by CoinDesk Indices and/or its data providers. CoinDesk Indices does not guarantee the accuracy or completeness of the content and assumes no responsibility for errors or omissions. The information provided is not intended as investment advice.
