Index Strategies > CSBTCHR

CoinShares Bitcoin
Hourly Reference Rate

The CoinShares Bitcoin Hourly Reference Rate (CSBTCHR) is designed to provide institutional investors with independent bitcoin reference prices based on a resilient and EU Benchmark Regulation (EU BMR) compliant methodology (application has been made).

Source: Compass Financial Technologies. For full details refer to the CoinShares Bitcoin Hourly Reference Rate Methodology document. The CSBTCHR was launched on 1 July 2021. Figures prior to this date have been derived by applying the methodology as at that date. Investors cannot invest directly in an index. Past performance is no indication of future performance.

What is the CoinShares Bitcoin Hourly Reference Rate (CSBTCHR)?

OBJECTIVE

The CSBTCHR is a transparent reference price for bitcoin with independent governance and oversight. Rates are computed hourly, every day of the year. They are calculated at the end of every hour and are published around 5 minutes after the end of the hour.

KEY SERVICE PROVIDERS

CSBTCHR is owned by CoinShares. The Benchmark Administrator and Calculation Agent is Compass Financial Technologies (France). Data is provided by Kaiko.

ACCESSIBLE

The CSBTCHR can be accessed online on the Compass Financial Technologies website (www.compass-ft.com) or on Bloomberg or Refinitiv. The CoinShares Hourly Reference Rates are non-significant benchmarks according to EU BMR.

DESIGNED FOR INSTITUTIONS

The CSBTCHR is calculated based on the collection of all observable transactions and order books snapshots of all Selected Exchanges. The reference rate has been designed to provide institutional investors with independent and robust reference prices.

CoinShares Hourly Reference Rates

Methodology

The CoinShares Hourly Reference Rates represent transparent cryptocurrency reference prices with independent governance and oversight. They are computed hourly, every day of the year, and are published around 5 minutes after the end of the hour.

The CoinShares Hourly Reference Rates can be accessed online on the Compass Financial Technologies website ( www.compass-ft.com), CoinShares' website ( www.coinshares.com/index-strategies) or on Bloomberg or Refinitiv, and have been designed to provide institutional investors with independent and robust cryptocurrency reference prices. Based on a resilient and EU BMR compliant methodology (application has been made), they serve as independent and transparent reference prices to value cryptocurrency portfolio.

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Methodology
Benchmark Statement

Key Statistics

Date Wed, 26 Jan 2022
Daily Value $ 37,891.57
Annualised Return 108.90 %
Annualised Standard Deviation 0.76
Annualised Sharpe 1.44
Annualised Sortino 1.93
Return Since Inception 8,659.47 %
30 Day High $ 50,927.84
30 Day Low $ 33,513.98
Y-to-Y Return 19.59 %

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