NEW YORK and ZUG, Switzerland, July 1,
2024 /PRNewswire/ -- CoinDesk Indices, a leading provider of
digital asset indices since 2014, in partnership with AMINA
Bank AG, a leading Swiss crypto bank fully licensed in
Switzerland, today launched the
AMINA CoinDesk BTC Momentum Index (Ticker: BTIAMINA). BTIAMINA aims
to provide a dynamic exposure to bitcoin with the objective of
shifting from bitcoin to USD when price trends are unfavourable,
thereby navigating the crypto seasons.
"Together with CoinDesk Indices, we are breaking down barriers
with the intention to make digital asset products more accessible
and manageable for professional investors," said Amy Yu, CEO APAC of AMINA Group. "AMINA Group
has been an early pioneer in regulated crypto investments and
continues to distribute new and interesting digital asset related
products under our licenses in Switzerland and Hong
Kong in compliance with the laws and regulations of the
relevant jurisdictions."
BTIAMINA measures the performance of a strategy that dynamically
allocates between bitcoin and cash, based on the CoinDesk
Bitcoin Trend Indicator (BTI), a quantitative signal which
conveys the presence, direction, and strength of the trend in the
price of bitcoin using a purpose-built algorithm. The BTI is
calculated daily and is derived from historical daily levels of the
CoinDesk Bitcoin Price Index (XBX), using a non-discretionary
methodology.
Key features of the AMINA CoinDesk BTC Momentum Index
include:
- Investment Universe: The index allocates between bitcoin and
cash, providing flexibility in response to market conditions.
- Rebalancing Frequency: Weekly rebalancing ensures timely
adjustments based on market trends.
- Momentum-Based Signals: BTI uses four moving average pairs to
generate trend signals. The final signal is an average of these
pairs, which the index then uses in a dynamic allocation strategy
ranging from 0% to 100% bitcoin exposure.
- Risk Management: Designed to reduce sharp drawdowns and mental
biases associated with bitcoin investing, aiming for higher
risk-adjusted returns.
- Transparency: Fully transparent and systematic methodology,
ensuring clarity and trust for investors.
"The AMINA CoinDesk BTC Momentum Index represents a significant
step forward in providing sophisticated, data-driven tools for
bitcoin investors," said Alan
Campbell, President of CoinDesk Indices. "Our collaboration
with AMINA Bank allows us to bring a unique index to market that
combines our expertise in digital asset indices with AMINA's
innovative approach to crypto banking and investment
solutions."
"Partnering with industry leader CoinDesk Indices to launch the
BTIAMINA is a landmark development for the broader crypto
investment community," said Gregory Mall, Head of Investment
Products & Solutions at AMINA Bank. "This index is a testament
to our commitment to innovation and excellence in the digital asset
space. We are providing professional investors with a sophisticated
tool to navigate the complexities of the bitcoin market with
greater confidence and precision. The BTIAMINA Index not only aims
to enhance risk-adjusted returns but also reduces the psychological
hurdles associated with direct bitcoin investments."
For more details on the BTIAMINA Index,
visit: https://aminagroup.com/individuals/investments/amina-coindesk-bitcoin-momentum-note-btiamina.
For media inquiries, please contact:
CoinDesk Indices:
Casey Craig, CoinDesk,
casey@coindesk.com
Emma Martin, Allison Worldwide,
coindesk@allisonworldwide.com:
AMINA Group:
Matt Turner, Wachsman,
aminabank@wachsman.com
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the
digital asset revolution, empowering investors globally. A
subsidiary of Bullish, our indices form the foundation of the
world's largest digital asset products. Known for their precision
and compliance, flagships such as the CoinDesk Bitcoin Price Index
(XBX) and the CoinDesk 20 Index set the industry standard for
measuring, trading, and investing in digital assets. With tens of
billions of dollars in benchmarked assets, CoinDesk Indices is a
trusted partner. Discover more at coindeskmarkets.com.
About AMINA Group
Founded in April 2018 and
headquartered in Zug (Switzerland), AMINA Bank AG is a pioneer in
the crypto banking industry. In August
2019, AMINA Bank AG received a Swiss Banking and Securities
Dealer Licence from the Swiss Financial Market Supervisory
Authority (FINMA). In November 2023,
AMINA (Hong Kong) Limited received
its securities and asset management licenses from the Securities
and Futures Commission (SFC). AMINA Bank AG ADGM received its
financial license in January 2022
from the Financial Services Regulatory Authority of Abu Dhabi
Global Market (ADGM). The broad, vertically integrated spectrum of
services, combined with industry leading security standards, make
AMINA Group's value proposition unique. AMINA Group operates
globally from its regulated offices in Switzerland, Abu
Dhabi, and Hong Kong to
offer a broad range of financial and securities services that go
from the traditional ones to fiat and crypto services, among
others, to innovative professional investors, traditional and
crypto-native alike, whether individuals, corporates or
institutions. For more information, please visit
www.aminagroup.com.
CoinDesk Indices disclaimer: CoinDesk is a
portfolio company of the Bullish group. CoinDesk Indices, Inc.
("CDI") 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. CDI is
neither an investment adviser nor a commodity trading advisor and
makes no representation regarding the advisability of making an
investment linked to any CDI index. CDI does not act as a
fiduciary. A decision to invest in any asset linked to a CDI index
should not be made in reliance on any of the statements set forth
in this document or elsewhere by CDI. All content contained or used
in any CDI index (the "Content") is owned by CDI and/or its
third-party data providers and licensors, unless stated otherwise
by CDI. CDI does not guarantee the accuracy, completeness,
timeliness, adequacy, validity or availability of any of the
Content. CDI is not responsible for any errors or omissions,
regardless of the cause, in the results obtained from the use of
any of the Content. CDI does not assume any obligation to update
the Content following publication in any form or format. © 2024
CoinDesk Indices, Inc. All rights reserved.
AMINA Bank AG is a Swiss bank and securities dealer with its
head office and legal domicile in Switzerland. It is authorized and regulated by
the Swiss Financial Market Supervisory Authority (FINMA). This
document is for your information only and is not intended as an
offer, or a solicitation of an offer, to buy or sell any investment
or other specific product. The information contained herein does
not constitute a personal recommendation or take into account
particular investment objectives, investment strategies, financial
situation and needs of any specific recipient. Certain products and
services of AMINA Bank AG are not accessible to residents and/or
nationals of certain countries. Certain services and products are
subject to legal restrictions and cannot be offered on an
unrestricted basis and/or may not be eligible for sale to certain
investors. Recipients are therefore asked to consult the sales
restrictions relating to products or services in question for
further information. Furthermore, recipients may consult their
legal/tax advisors should they require any clarifications.
Logo -
https://mma.prnewswire.com/media/2389123/CoinDeskLogo_Landscape_Indices_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/coindesk-indices-and-amina-group-partner-to-launch-bitcoin-trend-indicator-index-302186342.html