GSR and St. Gotthard Global Digital Asset Income and Growth Fund Trade the First CoinDesk 20 Index Option
10 Julio 2024 - 9:23AM
Business Wire
CoinDesk 20 has traded $6 billion in perpetual
futures volume since January 2024—and is now available for options
trading.
GSR, the global cryptocurrency trading firm and liquidity
provider, completed the first option transaction on the CoinDesk 20
Index, a highly liquid and actively traded digital asset benchmark.
St. Gotthard Wealth, the Zug-based asset manager, worked with GSR
as a counterparty on the trade. This transaction aims to help
participants gain diversified exposure to digital assets while
managing risk and transaction costs.
"GSR is proud to have executed the inaugural option trade on the
CoinDesk20 Index,” said Rich Rosenblum, Co-Founder and Co-CEO, GSR.
“Amid significant change in the digital asset space, we are honored
to be the first to trade the CoinDesk 20 Index. Options are a
powerful tool for managing risk and volatility. We are enthusiastic
about continuing to play a central role in the expansion of this
market.”
“We recognise the importance of diversification for investors in
the digital asset space. Option trades offer our clients, which are
families, exposure to sophisticated digital products while managing
risk,” said Vladimir Vishnevskiy, Director at the Digital Asset
Income and Growth fund at St. Gotthard Wealth. “We are thrilled to
join GSR in this transaction, aligning with our commitment to
innovative investment solutions.”
CoinDesk 20, a broad-based index embraced by leading
market-making firms and a broad array of market participants,
caters to the growing institutional need to hedge, speculate, and
diversify digital asset exposure.
“We’re thrilled to see this pioneering move by GSR and St.
Gotthard Global Digital Asset Income and Growth Fund," said Alan
Campbell, President of CoinDesk Indices. “The CoinDesk 20 supports
funds, separately managed accounts, perpetual futures, structured
products, and now options, and has become the most actively traded
digital asset benchmark in the world.”
The CoinDesk 20 Index has demonstrated unprecedented
institutional demand and trading activity, generating $6 billion in
perpetual futures volume over the past six months. This activity
highlights the index's role as a highly liquid and actively traded
benchmark in the digital asset space. Bullish, the fastest-growing
regulated digital asset exchange, listed perpetual futures tracking
the CoinDesk 20 following the Index's launch in January 2024.
Additional information can be found here:
To learn more about the CoinDesk 20 Index, visit
coindeskmarkets.com/cd20.
About GSR
GSR has over ten years of digital asset market expertise as a
liquidity provider and active, multi-stage investor. Our suite of
services includes OTC Trading, Market Making, and Treasury
Management. GSR is embedded in every major sector of the digital
asset ecosystem, working with token issuers, institutional
investors, miners, and leading trading venues. GSR Markets Pte.
Ltd. has received a Major Payment Institution (MPI) licence from
the Monetary Authority of Singapore (MAS).
Visit www.gsr.io for more information.
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 St. Gotthard Global Digital Asset Income and Growth
Fund
The St Gotthard Digital Asset Income and Growth fund was one of
the first dividend paying crypto focused funds in Europe.
Established in 2020 the strategy focuses on providing exposure to
digital assets and generating income for families invested in the
fund via paying a bi-annual dividend. This is done by a combination
of staking, DeFi strategies and derivatives exposure.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710137079/en/
For media inquiries, please contact:
GSR: Haley Malanga, GSR, haley.malanga@gsr.io
CoinDesk Indices: Casey Craig, CoinDesk, casey@coindesk.com Emma
Martin, Allison Worldwide, coindesk@allisonworldwide.com