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).
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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