Latest news with #AndyBaehr
Yahoo
01-08-2025
- Business
- Yahoo
CoinDesk Indices and SGX Indices launch iEdge CoinDesk Cryptocurrency Indices
CoinDesk Indices announced, in partnership with SGX Indices, the launch of the iEdge CoinDesk Cryptocurrency Indices, a suite of regulated digital asset benchmarks designed to support institutional market participants with robust, transparent data infrastructure. The new indices include real-time benchmarks and reference rates for Bitcoin and Ethereum, compliant with EU Benchmarks Regulation (EU BMR). These indices are constructed based on the pricing data from a universe of crypto exchanges that meet the criteria of liquidity and governance standards – core considerations for an index methodology to be adopted by professional investors and product issuers. By utilizing digital assets that are widely traded and supported by reliable price sources, the iEdge CoinDesk Cryptocurrency Indices provide robust, institutional-grade benchmarks. This enables accurate performance tracking, product structuring and portfolio allocation for asset managers, ETF issuers, and financial institutions seeking a trusted reference point for digital assets. Andy Baehr, CFA, Head of Product and Research, CoinDesk Indices, said, 'By creating institutional-grade benchmarks that meet rigorous regulatory standards, we are providing the trusted foundation that financial professionals need to confidently participate in the digital asset ecosystem.' Mohit Baheti, Head of iEdge Indices, SGX Group, said, 'The launch of these indices reflects ongoing efforts to support the development of institutional tools for digital assets. With growing interest from professional investors, there is a need for reliable pricing and transparent methodologies. These benchmarks are designed to meet that need, offering regulated reference points aligned with global standards.' The iEdge CoinDesk Bitcoin Reference Rate Index (IEBRR) and iEdge CoinDesk Ethereum Reference Rate Index (IEERR) provide a volume-weighted price of each digital asset in USD. These indices will be published at 4PM SGT every day of the calendar week. The iEdge CoinDesk Bitcoin Real Time Index (IEBRT) and the iEdge CoinDesk Ethereum Real Time Index (IEERT) provide a tradable price of each digital asset in USD. These indices will be published every second, 24 hours a day every day of the calendar week, including business holidays and weekends. These indices are designed for institutional applications and are not intended for direct retail investment. For additional information, please visit SGX Index Edge. Additional information and disclosures: iEdge is the index brand of SGX Group, offering a suite of innovative and thematic indices across asset classes. Designed to serve as benchmarks and underlying's for investment products, iEdge indices reflect market trends and support the development of ETFs, structured products and other financial instruments. CoinDesk is a portfolio company of the Bullish Group. CoinDesk Indices, Inc., including CC Data Limited, its affiliate which performs certain outsourced administration and calculation services on its behalf (collectively, "CoinDesk Indices"), does not sponsor, endorse, sell, promote, or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CoinDesk Indices is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CoinDesk Indices index. CoinDesk Indices does not act as a fiduciary. A decision to invest in any asset linked to a CoinDesk Indices index should not be made in reliance on any of the statements set forth in this document or elsewhere by CoinDesk Indices. All content displayed here or otherwise used in connection with any CoinDesk Indices index (the "Content") is owned by CoinDesk Indices and/or its third-party data providers and licensors, unless stated otherwise by CoinDesk Indices. CoinDesk Indices does not guarantee the accuracy, completeness, timeliness, adequacy, validity, or availability of any of the Content. CoinDesk Indices is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CoinDesk Indices does not assume any obligation to update the Content following publication in any form or format. © 2025 CoinDesk Indices, Inc. All rights reserved. Forward-Looking Statements: This press release may include "forward-looking statements" relating to future events or the Bullish Group's future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.
Yahoo
11-07-2025
- Business
- Yahoo
MoneyMasters Podcast 7-10-25- Why Crypto Is Much More Than Just Bitcoin Now
Andy Baehr, head of product and research at CoinDesk Indices, joins the to unpack the latest in crypto news, from Bitcoin dominance to next-gen index products like CoinDesk 5 and CoinDesk 20. To get more articles and chart analysis from MoneyShow, subscribe to our .) We dive into the role of ETH, XRP, and other altcoins, how stablecoins and the Genius Act are reshaping the space, and why passive investing is gaining ground. Whether you're a longtime holder or just starting to look beyond Bitcoin, this conversation will help you cut through the noise, navigate the flood of new products, and see where the smart money is heading next. See also: TTE: A High-Yielding Energy Play We Can't Pass Up Reminder: Andy will be speaking at the Value Proposition in Value Investing Expo, scheduled for Aug. 5-6, 2025 on the MoneyShow online platform. Click here to register for a FREE pass. More From TXN: A Resilient Semiconductor Name That's on the March PBA: A Canadian Energy Play to Profit from an Export Boom MoneyMasters Podcast 7/10/25: Why Crypto Is Much More Than Just Bitcoin Now
Yahoo
10-07-2025
- Business
- Yahoo
Bitcoin reaches all-time highs as it surges beyond $113,000
Bitcoin continues to smash all-time high records, as the leading cryptocurrency broke $113,000 on Thursday, according to data from Binance. After flirting with a new high on Wednesday, topping $112,000 according to some exchanges, a surge on Thursday pushed it above previous thresholds, with prices nearing $114,000 as of publication. The climb continues a torrid summer for the popular digital asset, which has spent most of the past few months above $100,000, a benchmark it first reached in December 2024 before dipping back to $75,000 in April. The months-long rally can be largely attributed to the election of President Donald Trump in November, who embraced crypto on the campaign trail and promised a series of crypto-friendly policies, including a government strategic reserve holding Bitcoin, which he signed as an executive order after taking office in January. According to Andy Baehr—the managing director at CoinDesk Indices, which measures the performance of digital assets—demand from crypto ETFs and corporate treasuries is driving much of the recent price movement, with long-term holders taking profits. Other popular cryptocurrencies are also rallying, with Solana increasing nearly 6% over the past week and Ethereum nearly 10%, according to data from Binance. Originally conceptualized in a white paper by the pseudonymous figure Satoshi Nakamoto in 2008, Bitcoin served as the first cryptocurrency, or a kind of decentralized currency that is not controlled by a single entity or government. And while thousands of cryptocurrencies have since emerged, Bitcoin remains the largest by far, with a market capitalization of $2.25 trillion, compared to Ethereum's $340 billion. While Bitcoin's price has spent most of its existence on a rollercoaster—dramatically increasing and falling again amid hacks, collapses, and scandals—it has steadily grown since late 2022, when the bankruptcy of the crypto exchange FTX sent the industry into a so-called 'winter.' Bitcoin's real explosion, however, came after Trump embraced the cryptocurrency on the campaign trail, with Bitcoin topping $100,000 for the first time soon after his election. The thawing regulatory landscape and subsequent institutional adoption have helped spur the rally. The Securities and Exchange Commission first approved Bitcoin ETFs in early 2024, which allowed investors to put money into exchange-traded vehicles that held the cryptocurrency without directly holding it themselves. And in recent months, publicly traded companies have begun to hold Bitcoin in their treasuries—an approach evangelized by Michael Saylor's Strategy, which is one of the largest owners of the cryptocurrency. For an experimental project first conceptualized as an alternative financial system, Bitcoin is increasingly dominated by publicly traded companies and funds. But if its enigmatic architect, Satoshi, ever re-emerges, he would become one of the richest people on earth. His stash is now estimated at around $100 billion. This story was originally featured on Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA
The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), a filing shows. The fund tracks the price of bitcoin BTC, ethereum ETH, XRP XRP, Solana SOL and Cardano ADA. The majority of the fund's weight, currently about 80%, is in bitcoin. The SEC's letter on Tuesday noted that the fund is benchmarked to the CoinDesk 5 Index (CD5). GDLC was launched in February 2018 and has since attracted nearly $755 million in assets under management. It has a 2.5% expense ratio. In a statement, CoinDesk Indices head of product and research Andy Baehr said, "We are thrilled to see SEC approval, paving the way for this Grayscale fund, benchmarked to the CoinDesk 5 Index, to be uplisted as an ETF, and enabling investors and advisors to capture the largest and most liquid digital assets in a single product." Baehr said the fund will become the largest multi-token digital asset ETF in the world. Crypto asset manager Bitwise is next in line to receive a decision from the SEC to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF. BITW holds 79% in bitcoin and the rest in ether, XRP, SOL, ADA, Sui SUI, Chainlink LINK, Avalanche AVAX, Litecoin LTC and Polkadot DOT. Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA
The Securities and Exchange Commission (SEC) has approved the conversion of Grayscale's Digital Large Cap Fund (GDLC) into a spot exchange-traded fund (ETF), a filing shows. The fund tracks the price of bitcoin BTC, ethereum ETH, XRP XRP, Solana SOL and Cardano ADA. The majority of the fund's weight, currently about 80%, is in bitcoin. The SEC's letter on Tuesday noted that the fund is benchmarked to the CoinDesk 5 Index (CD5). GDLC was launched in February 2018 and has since attracted nearly $755 million in assets under management. It has a 2.5% expense ratio. In a statement, CoinDesk Indices head of product and research Andy Baehr said, "We are thrilled to see SEC approval, paving the way for this Grayscale fund, benchmarked to the CoinDesk 5 Index, to be uplisted as an ETF, and enabling investors and advisors to capture the largest and most liquid digital assets in a single product." Baehr said the fund will become the largest multi-token digital asset ETF in the world. Crypto asset manager Bitwise is next in line to receive a decision from the SEC to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF. BITW holds 79% in bitcoin and the rest in ether, XRP, SOL, ADA, Sui SUI, Chainlink LINK, Avalanche AVAX, Litecoin LTC and Polkadot DOT.
