US investment fund VanEck, which is still waiting for the Securities and Exchange Commission (SEC) to pronounce on its application for a Bitcoin ETF (exchange-traded fund), has developed a new crypto-related financial instrument. Called MVIS Bitcoin US OTC Spot Index (MVBTCO), it tracks Bitcoin performance based on spot prices from three over-the-counter (OTC) liquidity providers for digital assets, the company said in a press release.

The index will be managed by MV Index Solutions, a VanEck subsidiary focused on developing and monitoring investable benchmark indices. With the latest addition, the portfolio will include 24 indices for digital assets. Bitcoin spot prices for the index will be provide…

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