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News & Insights

Suspension of Coinbase from CF OMG Network OMG-Dollar Indices From March 29th the Administrator has suspended Constituent Exchange Coinbase from the below indices: * CF OMG Network-Dollar Settlement Price * CF OMG Network-Dollar Spot Rate This is due to the suspension of all OMG Network markets operated by Coinbase. This suspension is indefinite. Should index users have any questions or queries please contact the Administrator at [email protected]

Jon Zeffert

Mar 29, 20230 mins read

BRR

CME Bitcoin Event Contracts: simplified access to the BRR Liquidity Complex Because Bitcoin Event Contracts settle to the CME CF Bitcoin Reference Rate (BRR) they become the latest component to facilitate and benefit from the BRR’s Liquidity Complex.

Ken Odeluga

Mar 28, 20234 mins read

What’s driving relative strength in cryptocurrencies? Read the equity market tea leaves...Amidst a series of bank failures and increased financial instability, digital assets have been rallying.

Gabriel Selby

Mar 20, 20233 mins read

CFB Talks Digital Assets

CFB Talks Digital Assets - Episode 8 We're stoked to have one of the most widely followed and highly regarded macro strategists as our guest on this latest episode, Bloomberg's Mike Mike McGlone.

Ken Odeluga

Mar 16, 20231 mins read

Banks

CF Benchmarks Quarterly Attribution Reports - March 2023 Fully dissect and understand the performance of our flagship portfolio indices from a constituent, category, and sector level.

Gabriel Selby

Mar 10, 20232 mins read

Asset Managers

Monthly Market Recap - February 2023 This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture. Please click here to read the full report. Lastly, be sure to subscribe to our latest news and research to stay on top of the crypto market!

Gabriel Selby

Mar 02, 20230 mins read

Research

The CF Rolling CME Bitcoin Futures Index The CF Rolling CME Bitcoin Futures Index unlocks an on-ramp to institutional caliber exposure for investors who are seeking a passive strategy of holding CME Bitcoin Futures contracts.

CF Benchmarks

Feb 24, 202311 mins read

Announcement

Nasdaq Crypto Index Family – Free Float Supplies Announcement The reconstitution and rebalance of the Nasdaq Crypto Index Family will take place on March 1st, 2023.

CF Benchmarks

Feb 23, 20230 mins read

CF Digital Asset Index Family Multi Asset Series – Free Float Supplies Announcement The reconstitution and rebalance of the CF Digital Asset Index Family Multi Asset Series will take place on March 1st, 2023.

CF Benchmarks

Feb 23, 20231 mins read

CFB Corporate Video 2023 Take a look at our new CF Benchmarks video!

Jon Zeffert

Feb 16, 20230 mins read

Announcement

Nasdaq Crypto Index Family - Reconstitution Announcement The Calculation Agent announces that the reconstitution of the Nasdaq Crypto Index Family will take place on March 1st, 2023.

CF Benchmarks

Feb 14, 20231 mins read

Announcement

CF Digital Asset Index Family Multi Asset Series Reconstitution Announcement The Administrator announces that the Reconstitution of the CF Digital Asset Index Family Multi Asset Series will take place on March 1st, 2023.

CF Benchmarks

Feb 14, 20231 mins read

Asset Managers

Monthly Market Recap - January 2023 This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture. Please click here to read the full report. Lastly, be sure to subscribe to our latest news and research to stay on top of the crypto market!

Gabriel Selby

Feb 03, 20230 mins read

CFB Talks Digital Assets - Episode 6 Time for CFB Talks Digital Assets 2023 Outlook Edition! Recorded January 23rd, 2023

Ken Odeluga

Feb 02, 20231 mins read

video

CFB Talks Digital Assets - Episode 5 A reminder of how much of a - genuinely - positive year it's been for blockchain technology, institutional and broader crypto adoption is well overdue, and one of the experts best-placed to deliver it is Marcelo Sampaio, co-founder and CEO of Hashdex. Recorded December 13th, 2022

Ken Odeluga

Feb 02, 20231 mins read

CFB Talks Digital Assets - Episode 4 In the latest episode of CFB Talks Digital Assets podcast we review yet another tumultuous quarter of deleveraging triggered by yet another big counterparty collapse. Recorded December 8th, 2022

Ken Odeluga

Feb 02, 20231 mins read

CFB Talks Digital Assets - Episode 3 Head of Content Ken Odeluga and Lead Research Analyst Gabe Selby were pleased to be joined by CFB CEO Sui Chung for the latest episode of CFB Talks Digital Assets. Recorded on 22 November 2022.

Ken Odeluga

Feb 02, 20230 mins read

CFB Talks Digital Assets - Episode 2 Ken Odeluga and Gabe Selby CFA do a quick recap in the latest CFB Talks Digital Assets podcast, and talk about what it all might mean for the industry and consumers going forwards. Recorded 15 November 2022.

Ken Odeluga

Feb 02, 20231 mins read

CFB Talks Digital Assets - Episode 1 Join us for the first episode of CFB Talks Digital Assets, with Lead Research Analyst Gabe Selby and Head of Content Ken Odeluga

Ken Odeluga

Feb 02, 20230 mins read

Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family:

CF Benchmarks

Jan 27, 20231 mins read

Announcement

Expansion of the CME CF Cryptocurrency Pricing Products Family to include 3 new Digital Assets The Administrator hereby announces the addition of 3 cryptocurrency reference rates and real-time indices to the CME CF Cryptocurrency Pricing Products Family

CF Benchmarks

Jan 27, 20231 mins read

CF Bitcoin Interest Rate Curve

The CF Bitcoin Interest Rate Curve 'Reality Check'Bitcoin rate market participants can now examine and analyze CF BIRC term rate curves—session, 1-week, 2-week, one-month, etc.—in isolation or collectively

Ken Odeluga

Jan 25, 20235 mins read

Monthly

CF Benchmarks Monthly Market Recap Here's the December edition of a monthly compilation of digital asset market data, analysis and insights by CF Benchmarks' Lead Research Analyst Gabe Selby.

Gabriel Selby

Jan 03, 20233 mins read

Research

2023 Market Outlook The digital asset space has witnessed sizable growth over the recent years. As we look to 2023, investors must consider the current challenges, opportunities, and trends that will shape its future.

Sui Chung

Dec 29, 202216 mins read

Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family To promote an orderly transition and minimise any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on December 19th 2022, meaning that the last values to be published will be for December 18th 2022.

CF Benchmarks

Dec 19, 20221 mins read

Research

The CF Broad Cap Index The CF Broad Cap Index is designed to serve as a true barometer of the cryptocurrency market, thus providing the broadest and most institutionally investible ‘beta’ market gauge.

CF Benchmarks

Dec 19, 202210 mins read

Quarterly Attribution Analysis

CF Benchmarks Quarterly Attribution Report Another exogenous shock has led crypto markets lower over the last rebalancing period as one of the world’s largest exchanges surprisingly filed for bankruptcy. All of our flagship portfolio indices finished in negative territory with pricing volatility surging in the month of November.

Gabriel Selby

Dec 09, 202216 mins read

Quarterly Attribution Analysis

Quarterly Attribution Report: CF Diversified Large Cap Index The CF Diversified Large Cap Index - is a liquid, investible benchmark portfolio index designed to track the performance of large-cap digital assets. The index seeks to capture 95% of the total market capitalization of the investible digital asset universe as its constituents. Index constituents are weighted using the diversified market capitalization which is determined by the free-float market capitalization adjusted by the application of the harmonic series' terms. This has the benefit of dis

Gabriel Selby

Dec 09, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Report: CF DeFi Composite Index The -13.7% decline in the CF DeFi composite index remained largely concentrated in the Finance segment of the portfolio index. With almost 90% of the negative performance contribution stemming from this category alone.

Gabriel Selby

Dec 09, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Report: CF Ultra Cap 5 Index Our barometer for mega-cap tokens remained under pressure, falling approximately -16.5%. The index is heavily weighted towards the Settlement segment, which contributed over 100% of the negative performance during the last rebalancing period.

Gabriel Selby

Dec 09, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Report: CF Blockchain Infrastructure Index The CF Blockchain Infrastructure Index finished the rebalancing period mostly flat, notching a +0.11% increase in value. The index composition has a slight bias toward Scaling protocols, which contributed -3.7% of negative performance.

Gabriel Selby

Dec 09, 20224 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Digital Culture Composite Index The CF Digital Culture index fell -26.5% as performance contributions from the headline DACS segment (Culture), overwhelmingly negated positive performance contributions from services segment.

Gabriel Selby

Dec 09, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Web 3.0 Smart Contract Platforms Index The higher weighting of Solana (SOL), coupled with weak performance, led to a pronounced drag on our Smart Contract Platforms Index. The total negative contribution of SOL for the rebalance period was almost 40% of the index’s total -31.8% decline.

Gabriel Selby

Dec 08, 20225 mins read

Monthly

CF Benchmarks Monthly Market Recap Here's the November edition of a monthly compilation of digital asset market data, analysis and insights by CF Benchmarks' Lead Research Analyst Gabe Selby. This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture.

Gabriel Selby

Dec 02, 20223 mins read

Expansion of the CME CF Cryptocurrency Pricing Products Family to include three additional digital assets The Administrator hereby announces the addition of the below 3 cryptocurrency reference rates and real-time indices to the CME CF Cryptocurrency Pricing Products Family: * Aave (AAVE) * Curve (CRV) * Synthetix (SNX) Each reference rate will publish the U.S. dollar price of each digital asset once a day at 16:00 London time. Each respective real-time index price will be published once per second, 24 hours a day, 365 days per year. Publication of these reference rates and real-time indices w

Sui Chung

Dec 01, 20221 mins read

Announcement

CF Benchmarks

Nov 25, 20221 mins read

Announcement

Nasdaq Crypto Index Family – Free Float Supplies Announcement The reconstitution and rebalance of the Nasdaq Crypto Index Family will take place on December 1st, 2022.

CF Benchmarks

Nov 24, 20220 mins read

BlackRock

The CFB index behind BlackRock’s Bitcoin Private Trust The availability of a choice of bitcoin indices published by CF Benchmarks, a tried and tested (and regulated) cryptocurrency Benchmark Administrator, undoubtedly helped give BlackRock the confidence to begin offering spot bitcoin exposure to institutional clients.

Ken Odeluga

Nov 17, 20226 mins read

Announcement

Nasdaq Crypto Index Family - Reconstitution Announcement The Calculation Agent announces that the reconstitution of the Nasdaq Crypto Index Family will take place on December 1st, 2022.

CF Benchmarks

Nov 16, 20221 mins read

Announcement

CF Benchmarks

Nov 16, 20221 mins read

Asset Managers

Why FTX and SBF may have triggered the next wave of institutional adoption Ironically, it could well be that the legacy of Sam Bankman-Fried’s career in digital assets is the acceleration of regulatory clarity

Sui Chung

Nov 15, 20222 mins read

Announcement

CF Benchmarks announces the addition of LMAX Digital and Gemini as Constituent Exchanges of certain CME CF Cryptocurrency Family indices The Administrator announces that the following Constituent Exchange changes will come into effect at 10:00 London Time on Tuesday November 22nd, 2022.

CF Benchmarks

Nov 10, 20221 mins read

Research

CF Benchmarks Monthly Market Recap All our benchmark indices finished October in positive territory. Larger-cap tokens saw the strongest relative performance with the Ultra Cap 5 (+11.8%) and Diversified Large Cap (11.3%) outperforming.

Gabriel Selby

Nov 03, 20223 mins read

newsletter

CF Benchmarks Recap - Issue 51 As well as continuing to creep higher in recent days, Bitcoin is also definitively holding above $20K for the first time since mid-September, with CME CF Bitcoin Realtime Index (BRTI) depicting constructive and unusually benign price action.

Ken Odeluga

Nov 02, 20226 mins read

Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family To promote an orderly transition and minimise any market impact, the benchmarks will continue to be published until provision ceases from 11:00 London time on October 31st 2022, meaning that the last values to be published shall be for October 30th 2022.

CF Benchmarks

Oct 28, 20221 mins read

Expansion of the CME CF Cryptocurrency Pricing Products Family to include 3 new Digital Assets The Administrator hereby announces the addition of the below 3 cryptocurrency reference rates and real-time indices to the CME CF Cryptocurrency Pricing Products Family: * Avalanche (AVAX) * Filecoin (FIL) * Tezos (XTZ) Each reference rate will publish the U.S. dollar price of each digital asset once a day at 16:00 London time. Each respective real-time index price will be published once per second, 24 hours a day, 365 days per year. Publication of these reference rates and real-time indic

CF Benchmarks

Oct 28, 20221 mins read

newsletter

CF Benchmarks Recap - Issue 50 Recent selloffs have profoundly increased the volatility in the fiat-forex markets, with volatility now ranging from approximately 75% to over 100% that of bitcoin's.

Ken Odeluga

Oct 24, 20228 mins read

Oracle

We need to talk about crypto oracles An attacker would have to put such an exponentially high amount of capital at risk to move a CF Benchmarks MNGO RTI as to make the economics of the manipulation absurd.

Ken Odeluga

Oct 18, 20227 mins read

Bitcoin ETF

Why CME CF BRR and Coindesk XBX are far from "nearly identical"During the course of the analysis as to the rights and wrongs of the SEC's decision, an assertion has been made that we believe needs to be corrected. Namely that the Coindesk XBX and the CME CF BRR are "nearly identical". They are not.

Sui Chung

Oct 14, 20224 mins read

Methodology

Why there won’t be a regulated ETH Proof of Work Benchmark In accordance with CF Benchmarks’ Hard Fork Policy, ETHW’s hard fork is not material.

Ken Odeluga

Sep 30, 20224 mins read

Announcement

CF Benchmarks launches CF Bitcoin Interest Rate Curve The CF Bitcoin Interest Rate Curve (CF BIRC), the first index of its kind published by CF Benchmarks, measures the underlying economic reality of Bitcoin borrowing and lending, whether on an outright basis or an implied basis in tradeable instruments.

Ken Odeluga

Sep 30, 20223 mins read

Announcement

CF Benchmarks passes independent Deloitte audit for second time Achieving this independent kitemark for the second time is further objective corroboration of CF Benchmarks’ transparency, the soundness of our operational processes, as well as the integrity of our Benchmark Methodology.

CF Benchmarks

Sep 29, 20222 mins read

Banks

Ether Options settling to CME CF ETHUSD_RR launched by CME Ether options began trading on CME yesterday led by a block trade between Genesis and Cumberland. As the Ethereum merge approaches the opportunity for investors to hedge price risk for Ether (ETH) through CFTC regulated, centrally cleared options contracts will be invaluable. The launch of Ether options further extends the suite of instruments that investors and product providers can utilise to create differing pay-off structures, an invaluable tool as investors seek to integrate digital assets

CF Benchmarks

Sep 13, 20221 mins read

Asset Allocators

Pre-Merge Dynamics Rippling Through Markets The world's most popular programmable blockchain is set for a major upgrade this week: the Ethereum blockchain will switch over its process for executing transactions and mining to a Proof-of-Stake (PoS) consensus mechanism. This change may seem to be superficial at first glance, but it has so far had a profound impact on crypto markets. Firstly, we have seen ETH dominate its competitors since the Ethereum Foundation publicly announced their planned 'Merge' timeline in mid-July. So-called ETH K

Gabriel Selby

Sep 12, 20222 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Web 3.0 Smart Contract Platforms Index The CF Web 3.0 Smart Contract Platforms Index has fallen -20.7% over the course of our most recent rebalancing period

CF Benchmarks

Sep 12, 20224 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Cryptocurrency Ultra Cap 5 CF Ultra Cap 5 Index has fallen –30.0% over the course of our most recent rebalancing period. Markets have remained vulnerable to increases in central bank policy rates that has led to a tightening of financial conditions

CF Benchmarks

Sep 12, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Diversified Large Cap Index The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks have made sizable policy rate increases, and global growth has begun to stall.

CF Benchmarks

Sep 11, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Digital Culture Composite Index The challenging macroeconomic environment continued for digital assets: inflation remains at multi-decade highs, central banks are making sizeable policy rate increases, and global growth has begun to stall.

CF Benchmarks

Sep 11, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF DeFi Composite Index The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks made sizeable policy rate increases, and global growth has begun to stall.

CF Benchmarks

Sep 11, 20225 mins read

Quarterly Attribution Analysis

Quarterly Attribution Analysis: CF Blockchain Infrastructure Index The challenging macroeconomic environment continued for digital assets: inflation remained at multi-decade highs, central banks have made sizeable policy rate increases, and global growth has begun to stall.

CF Benchmarks

Sep 11, 20224 mins read

CF Digital Asset Classification Structure

Meet CF Benchmarks' Market Recap and Quarterly Attribution Analyses We're excited to introduce a new quarterly series of in-depth, market-driven quantitative research reports by CF Benchmarks' Lead Research Analyst Gabe Selby, CFA.

Ken Odeluga

Sep 09, 20225 mins read

Announcement

CFB Portfolio Indices - Ethereum Merge The Ethereum Merge fork event that will transition Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus, is set to take place in the coming days. The majority of Constituent Exchanges have confirmed that the Ethereum PoS chain will retain the ETH ticker after the Merge, with no anticipated disruptions to trading at or around the time of the Merge. Therefore, there will be no change to the underlying markets observed by the CME CF Ether- Dollar Reference Rate, which is a constitue

CF Benchmarks

Sep 09, 20221 mins read

Announcement

CF Benchmarks

Aug 17, 20221 mins read

Announcement

Nasdaq Crypto Index Family - Reconstitution Announcement The Calculation Agent announces that the reconstitution of the Nasdaq Crypto Index Family will take place on September 1st, 2022.

CF Benchmarks

Aug 16, 20221 mins read

Announcement

Nasdaq Crypto Index Family – Free Float Supplies Announcement The reconstitution and rebalance of the Nasdaq Crypto Index Family will take place on September 1st, 2022.

CF Benchmarks

Aug 16, 20220 mins read

Asset Managers

BlackRock’s Bitcoin Private Trust points to Public Crypto Good Regardless of the short-term market and industry reaction, this watershed news will almost certainly turn out to be a critical juncture for the development of the institutional digital asset space that CF Benchmarks addresses.

Ken Odeluga

Aug 12, 20224 mins read

Asset Allocators

CF DACS In Practice: ETH drives Crypto Bounce Why has the digital asset price rebound largely outpaced the bounce by other 'risky' assets? CF Benchmarks' Research Lead Gabe Selby, CFA, has some pointers - backed by the CF Digital Asset Classification Structure (CF DACS)

CF Benchmarks

Aug 08, 20222 mins read

Announcement

CF Digital Asset Index Family Multi Asset Series – Reconstitution Announcement The Administrator announces that the Reconstitution of the CF Digital Asset Index Family Multi Asset Series will take place on September 1st, 2022.

CF Benchmarks

Aug 05, 20221 mins read

newsletter

CF Benchmarks Recap - Issue 49 Crypto rides surreal risk asset rally • New: CF Rolling CME Bitcoin Futures Index • CME expands CFB-powered BTICs.

Ken Odeluga

Aug 01, 20224 mins read

Asset Allocators

How CF DACS helps crack the Diversified Large Cap code The Non-Programmable subcategory (largely Bitcoin) in CF Diversified Large Cap is around 35% lower than in NCI, implying significantly lower exposure to BTC, whilst implied representation of the subcategory remains substantial at around 45%

Ken Odeluga

Jul 27, 20225 mins read

Announcement

Announcement of Suspension of Bitstamp as a Constituent Exchange to the CF Axie Infinity - Dollar Settlement Price and Spot Rate The Administrator announces that Bitstamp has been suspended until, further notice, as a Constituent Exchange to the below members of the CF Digital Asset Index Family - Single Assert Series with immediate effect: · CF Axie Infinity - Dollar Settlement Price (AXSUSD_RR) · CF Axie Infinity - Dollar Spot Rate (AXSUSD_RTI) Furthermore, Bitstamp has also been suspended, until further notice, as a Constituent Exchange to the calculation of the price of Axie Infinity within the below benchmarks of

CF Benchmarks

Jun 29, 20221 mins read

Asset Allocators

CF Benchmarks launches CF Rolling CME Bitcoin Futures Index The index is able to negate the effects of roll yield significantly, providing strong replication of the physical bitcoin price and mitigating any operational risks in the replication process.

CF Benchmarks

Jun 27, 20223 mins read

newsletter

CF Benchmarks Recap - Issue 48 CFB client launches and pipelines counterpoint any ‘crypto winter’: Hashdex’s new META11 references Digital Culture Composite Index, Monochrome’s BRR-supported Bitcoin ETF is in its final stretch, and more CFB indices arrive on CME

Ken Odeluga

Jun 20, 20225 mins read

Announcement

Nasdaq Crypto Index Family - Free Float Supply Announcement - corrected The reconstitution and rebalance of the Nasdaq Crypto Index, Nasdaq Crypto Index Europe and Nasdaq Bitcoin/Ethereum Index will take place on June 1st, 2022.

CF Benchmarks

May 24, 20221 mins read

Announcement

CF Digital Asset Index Family Multi Asset Series Rebalance - corrected The Administrator announces that the Rebalance of the CF Digital Asset Index Family Multi Asset Series will take place on June 1st, 2022.

CF Benchmarks

May 17, 20222 mins read

Announcement

Nasdaq Crypto Index - Reconstitution Announcement The Calculation Agent announces that one new constituent will be added to the Nasdaq Crypto Index (NCI) when the index is reconstituted on June 1st, 2022

CF Benchmarks

May 17, 20221 mins read

BRR

Why the London Market Close is the best time to strike NAV for new Aussie Crypto ETFs CF Benchmarks has leveraged its unique position as administrator of the most liquid, established and trusted, regulated Bitcoin benchmark, CME CF Bitcoin Reference Rate (BRR), to determine the optimal time to strike NAV for Aussie Bitcoin ETFs.

Ken Odeluga

May 12, 20224 mins read

Bitcoin ETF

Global Crypto ETP Market: State of Play For those new to this sector, it’s also important to note that a significant proportion of crypto ETP providers have opted to utilise CF Benchmarks’ tried and trusted (and FCA-regulated) Benchmark Methodology to underpin reference and NAV calculation prices

Ken Odeluga

May 06, 20225 mins read

CF Digital Asset Classification Structure

How to see Crypto Portfolio Return Drivers in 3D, with DACS Attributing notional digital asset portfolio returns to DACS Categories and Subcategories provides information and insights into the economic reality engendered by holdings at a higher-resolution than is possible from an examination of the assets and their weights alone.

Ken Odeluga

May 04, 20229 mins read

Announcement

Results of Consultation and Confirmation of Cessation of Benchmarks The Administrator conducted a consultation with index users and market participants concerning the proposed cessation of certain benchmarks within the CF Digital Asset Index Family between March 28th and April 11th 2022. * CF Litecoin - Dollar Settlement Price * CF Litecoin - Dollar Spot Rate * CF Bitcoin Cash - Dollar Settlement Price * CF Bitcoin Cash - Dollar Spot Rate There were no responses received to this consultation and nor were there any queries regarding any aspects of its imple

CF Benchmarks

Apr 21, 20221 mins read

Announcement

Consultation on Cessation of the CF Bitcoin Cash - Dollar Settlement Price & Spot Rate ands Litecoin - Dollar Settlement Price and Spot Rate is now Closed The Administrator confirms the consultation for the proposed cessation of these benchmarks is now closed. The results of the consultation and confirmation of Administrators actions will be communicated shortly Should any users wish to file a complaint regarding this consultation and cessation process this can be done confidentially at [email protected]

CF Benchmarks

Apr 20, 20220 mins read

Announcement

Expansion of the CME CF Cryptocurrency Pricing Products Family to include 11 new Digital Assets CF Benchmarks, the leading provider of cryptocurrency benchmark indices announces the launch of 11 new cryptocurrency reference rates and real-time indices to the CME CF Cryptocurency Pricing Products, which will be calculated and published daily beginning April 25 and give benchmark index pricing for the below assets: * Algorand (ALGO) * Bitcoin Cash (BCH) * Cardano (ADA) * Chainlink (LINK) * Cosmos (ATOM) * Litecoin (LTC) * Polkadot (DOT) * Polygon (MATIC) * Solana (SOL) * Stellar L

CF Benchmarks

Apr 07, 20222 mins read

newsletter

CF Benchmarks Recap - Issue 47 ★ Hashdex plants flag on Web 3.0 with CF Benchmarks-driven ETF ★ LMAX Digital becomes CF Benchmarks Constituent Exchange ★ CF Digital Culture Index makes ‘fun’ protocols investible

Ken Odeluga

Apr 05, 20224 mins read

Announcement

CF Benchmarks adds LMAX Digital as Constituent Exchange for CME CF Bitcoin Reference Rate, and CME CF Ether-Dollar Reference Rate LMAX Digital will provide market data to six regulated crypto indices, calculated and administered by CF Benchmarks

CF Benchmarks

Mar 31, 20223 mins read

Consultation on Cessation of the CF Bitcoin Cash - Dollar Settlement Price & Spot Rate ands Litecoin - Dollar Settlement Price and Spot Rate is now Open The consultation regarding the Administrators proposal of cessation of the following benchmarks that are members of the CF Digital Asset Index Family is now open: Benchmark Bloomberg CF Bitcoin Cash – Dollar Settlement Price CFBCHUSL CF Bitcoin Cash – Dollar Spot Rate N/A CF Litecoin – Dollar Settlement Price CFLTCUSL CF Litecoin – Dollar Spot Rate N/A Rationale for Cessation The reason for cessation of these benchmarks is commercial as the Administrator shall be launching benchmarks

Sui Chung

Mar 28, 20221 mins read

Consultation on Parameter Changes to Certain CF Settlement Prices now Closed The consultation regarding changes to methodology parameters to the following CF Settlement Prices s now closed: * CF Tezos - Dollar Settlement Price * CF Stellar Lumens – Dollar Settlement Price * CF Chainlink- Dollar Settlement Price The Administrator will inform stakeholders of the results of the consultation without undue delay. Should any market participants have any questions or queries please do not hesitate to contact [email protected] Should any users wish to file a complaint

Sui Chung

Mar 28, 20221 mins read

Announcement

Cessation of Certain Settlement Prices and Spot Rates of the CF Cryptocurrency Index Family The Administrator hereby announces the cessation of the following benchmarks from the CF Cryptocurrency Index Family: Benchmark Bloomberg CF Cardano – Dollar Settlement Price CFADAUSL CF Cardano – Dollar Spot Rate N/A CF Cosmos – Dollar Settlement Price CFATOUSL CF Cosmos – Dollar Spot Rate N/A CF Algorand – Dollar Settlement Price CFALGUSL CF Algorand – Dollar Spot Rate N/A CF Chainlink – Dollar Settlement Price CFL

CF Benchmarks

Mar 25, 20222 mins read

Cessation of the CF Bitcoin US Settlement Price and CF Ether-Dollar US Settlement Price The Administrator hereby announces the cessation of the below benchmarks from the CF Cryptocurrency Index Family: Benchmark CFB Ticker Bloomberg CF Bitcoin US Settlement Price XBTUSD_US_RR CFXBTUSN CF Ether Dollar US Settlement Price ETHUSD_US_RR CFETHUSN To promote an orderly transition and minimise any market impact these benchmarks will continue to be published and provision shall cease from 1200 London time on April 25th 2022, meaning that the la

CF Benchmarks

Mar 25, 20221 mins read

Announcement

Results of Consultation for Proposed Methodology Parameter Changes to certain CF Cryptocurrency Settlement Prices and Confirmation of Implementation The Administrator conducted a consultation with index users and market participants concerning proposed methodology parameter changes to the below benchmarks of the CF Digital Asset Index Family between 1000 LDN March 21st and 1000 LDN March 28th: * CF Chainlink Dollar Settlement Price * CF Stellar Lumens Dollar Settlement Price * CF Tezos Dollar Settlement Price There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed chang

CF Benchmarks

Mar 24, 20221 mins read

Announcement

Announcement of a Consultation on the Cessation of the CF Bitcoin Cash - Dollar Settlement Price & Spot Rate and CF Litecoin – Dollar Settlement Price & Spot Rate The Administrator hereby announces that a consultation shall be launched for the Administrator proposal of cessation of the following benchmarks that are members of the CF Cryptocurrency Index Family: Benchmark Bloomberg CF Bitcoin Cash – Dollar Settlement Price CFBCHUSL CF Bitcoin Cash – Dollar Spot Rate N/A CF Litecoin – Dollar Settlement Price CFLTCUSL CF Litecoin – Dollar Spot Rate N/A Rationale for Cessation The reason for cessation of

CF Benchmarks

Mar 24, 20222 mins read

Announcement

Consultation on Methodology Parameter Changes to certain CF Settlement Prices now Open The consultation process to a methodology change to the following benchmarks within the CF Digital Asset Index Family are now open: * CF Chainlink- Dollar Settlement Price * CF Tezos - Dollar Settlement Price * CF Stellar Lumens – Dollar Settlement Price The methodology of calculation for these benchmarks utilises an observation window during which the Administrator collects data associated with transactions that have taken place on the venues it utilises as input data sources (CF Constitue

CF Benchmarks

Mar 21, 20221 mins read

Announcement

Hashdex to launch world's first pure-play Web 3.0 ETF, WEB311, powered by CF Web 3.0 Smart Contract Platforms Index The CF Web 3.0 Smart Contract Platforms Index is a liquid, investible benchmark portfolio index that tracks the return performance of smart contract platforms within the digital asset space

CF Benchmarks

Mar 18, 20222 mins read

Announcement

Announcement of Methodology Change Consultation for Benchmarks within the CF Digital Asset Index Family The Administrator wishes to inform benchmark users that it will be launching a consultation process to a methodology change to the following benchmarks within the CF Digital Asset Index Family: * CF Chainlink- Dollar Settlement Price * CF Tezos - Dollar Settlement Price * CF Stellar Lumens – Dollar Settlement Price The methodology of calculation for these benchmarks utilises an observation window during which the Administrator collects data associated with transactions that have taken place

CF Benchmarks

Mar 17, 20221 mins read

Post

CF Digital Culture Index benchmarks protocols of fun Institutional participants seeking to capture alpha from material present and promising future opportunities in the Metaverse, NFTs, video games and digitalised music consumption, can now do so via a secure, replicable, methodology devised by a regulated Benchmark Administrator

Ken Odeluga

Mar 09, 20226 mins read

Announcement

Nasdaq Crypto Index - Rebalance and Reconstitution Announcement The Calculation Agent announces that there will be 2 new constituents of the Nasdaq Crypto Index (NCI) when the index is re-constituted on March 1st, 2022

CF Benchmarks

Feb 23, 20221 mins read

Post

A Compliant Bridge to the Web3 Future: CF Benchmarks Q&A with DIA With the bridging of DIA’s Web3 tech infrastructure and CF Benchmarks’ deep experience in regulated price feeds, developers gain the advantage of a more secure, compliant and resilient price feed

Ken Odeluga

Feb 22, 20225 mins read

newsletter

CF Benchmarks Recap - Issue 46 Learn how to use the most important tool yet for understanding and investing in the digital asset universe - fast

Ken Odeluga

Feb 18, 20224 mins read

Announcement

DIA and CF Benchmarks make compliant digital asset indices available as oracles to the Web3 economy We are confident that this partnership will be a significant step towards enabling the high-integrity pricing that will be critical for mass adoption of DeFi, Web3 and beyond

CF Benchmarks

Feb 17, 20223 mins read

Announcement

CF Benchmarks launches Settlement Prices and Spot Rate indices for SUSHI, CHZ, ENJ, LPT With institutional demand for Web3 and Metaverse-related tokens continuing to grow, the need for regulated, secure and reliable pricing of such assets is, in turn, becoming ever more critical.

Ken Odeluga

Feb 11, 20224 mins read

Post

CF Digital Asset Classification Structure: The Compact Primer The guide splits the presentation into two main sections, then divides those sections into a handful of bite-sized parts.

Ken Odeluga

Feb 08, 20222 mins read

newsletter

CF Benchmarks Recap - Issue 45 CF Benchmarks has launched CF Digital Asset Classification Structure. It’s a taxonomy similar to those designed for traditional assets, but carefully adapted for the digital asset universe.

Ken Odeluga

Jan 29, 20224 mins read

Announcement

Hashdex set to launch world's first pure-play DeFi ETF, DEFI11, powered by CF DeFi Composite Index The CF DeFi Composite Index is a liquid, investible benchmark portfolio index that tracks the return performance of decentralised financial services

CF Benchmarks

Jan 19, 20222 mins read

Post

Introducing the CF Digital Asset Classification Structure CF DACS is intended to assist investors to better understand the blockchain economy, and thereby to support the portfolio construction and analysis process

Ken Odeluga

Jan 19, 20226 mins read

newsletter

CF Benchmarks Recap - Issue 44 Monochrome Asset Management is a key contender to list Australia’s first crypto ETP, more so, after partnering with CF Benchmarks

Ken Odeluga

Dec 10, 20214 mins read

Structured products

B2C2’s Bitcoin NDF set to be institutional first choice It’s the integration of the CME CF BRR as reference price that distinguishes the Bitcoin NDF deal executed by B2C2 from any such deals that would be executed without the BRR as reference price.

Ken Odeluga

Dec 02, 20214 mins read

Announcement

WisdomTree and CF Benchmarks launch WisdomTree CF Crypto Index Family All WisdomTree CF indices are themselves regulated benchmarks, calculated according to CF Benchmarks’ Benchmark methodology which ensures that they meet the most stringent regulatory standards.

CF Benchmarks

Nov 29, 20213 mins read

Announcement

Nasdaq Crypto Index - Rebalance Announcement The Calculation Agent announces that there will be no new constituents of the Nasdaq Crypto Index (NCI) when the index is rebalanced on December 1st, 2021.

CF Benchmarks

Nov 24, 20211 mins read

newsletter

CF Benchmarks Recap - Issue 43 The latest BTC capital markets innovation is also the first time our regulated CME CF Bitcoin Reference Rate (BRR) has been deployed in a structured product transaction

Ken Odeluga

Nov 24, 20214 mins read

Announcement

CF Benchmarks launches Settlement Prices and Spot Rate indices for AMP, CRV, GRT, MKR, SNX, YFI CF Benchmarks is continuing to broaden its range of regulated benchmarks for the leading platform tokens, ensuring that the highest standards of price accuracy and governance are in place as institutional volumes approach critical mass.

Ken Odeluga

Nov 15, 20215 mins read

Post

ASIC greenlights crypto ETFs with CF Benchmarks-based “good practices”The key to ASIC’s more sure-footed approach is proposals on exchange traded crypto products that point to the adoption of the essence of CF Benchmarks policies and guidelines

Ken Odeluga

Nov 04, 20214 mins read

newsletter

CF Benchmarks Recap - Issue 42 Following the blowout launch of ProShares Bitcoin Strategy ETF, the pace of follow-on news has predictably been rapid. We summarise some of the most salient developments from our perspective inside.

Ken Odeluga

Nov 02, 20216 mins read

Post

ProShares’ Bitcoin ETF launch volumes crush expectations With around $1bn in day-one volume, BITO approached the turnover dollar value of some of the most popular ETF launches ever

Ken Odeluga

Oct 20, 20213 mins read

Post

Incoming: U.S. Bitcoin ETF News reports suggesting that an SEC approval could be imminent came swiftly after key Bitcoin futures ETF applicant ProShares filed an N1-A Registration Statement (AKA an ‘amended prospectus’) for its Bitcoin Strategy ETF.

Ken Odeluga

Oct 18, 20213 mins read

Announcement

CF Benchmarks launches Settlement Price and Spot Rate indices for AAVE, DOGE, DOT, MATIC, SOL Dogecoin now reaches another definitive milestone with the launch of regulated Benchmark Indices calculated by CF Benchmarks, the only UK FCA regulated cryptocurrency Benchmark Administrator, providing reliable, representative, and replicable DOGE pricing.

CF Benchmarks

Oct 11, 20213 mins read

Post

CF Benchmarks Recap - Issue 41 Evolve ETFs headlines institutional reorientation to the asset class again, this time with Evolve Cryptocurrencies ETF.

Ken Odeluga

Oct 06, 20214 mins read

Announcement

Announcement: Evolve ETFs’ Evolve Cryptocurrencies ETF, Canada’s first multi-currency crypto ETF, is now trading With both EBIT and ETHR utilising CF Benchmarks reference indexes, Evolve Cryptocurrencies ETF is backed by the most-trusted and best-regulated cryptocurrency prices.

CF Benchmarks

Sep 30, 20212 mins read

Post

Bitcoin, Ether ‘commodity’ ETF prospects on track SEC Chair Gensler said nothing in the WaPo interview to suggest that his views have changed.

Ken Odeluga

Sep 28, 20213 mins read

Post

Australia’s ASIC prepares ground for crypto ETFs with CF Benchmarks-like policies The similarities between ASIC’s proposals and the wording and substance of CF Benchmarks policies and methodologies are striking.

Ken Odeluga

Sep 22, 20215 mins read

Announcement

Changes to the CF Ultra Cap 5 Methodology and CF Cryptocurrency Index Family - Multi Asset Ground Rules The Administrator wishes to announce certain changes to index methodologies and ground rules with immediate effect. CF Cryptocurrency Ultra Cap 5 Index Index rebalancing frequency changed from monthly to quarterly CF Cryptocurrency Index Family - Multi Asset Ground Rules Additional sections regarding: * Liquidity Screening - Asset Turnover * Thematic and Sector Indices * Equal Weighing Methods * Weight Capping Methods In accordance with CF Benchmarks policies these changes will not req

CF Benchmarks

Sep 22, 20210 mins read

newsletter

CF Benchmarks Recap - Issue 40 Summer’s done, and the waiting game for that elusive U.S. Bitcoin ETF continues. We thought it high time to update our round-up of CFB-powered filings.

Ken Odeluga

Sep 15, 20214 mins read

Keeping tabs on CF Benchmarks-powered U.S. BTC ETFs - Part II An update on the crypto ETF paperwork that’s been piling up on the SEC’s desk for almost every month of the year.

Ken Odeluga

Sep 13, 20213 mins read

Post

How the BRR Liquidity Complex empowers big banks to create regulated Bitcoin products Our latest whitepaper shows how BRR-powered ETFs within the BRR’s ecosystem of institutional liquidity bridge the regulatory divide to big bank Bitcoin products

Ken Odeluga

Sep 02, 20216 mins read

Announcement

CF Benchmarks

Aug 25, 20211 mins read

newsletter

CF Benchmarks Recap - Issue 39 With multi-asset ETFs looking increasingly like the next logical frontier of accessibility, CF Benchmarks-administered Nasdaq Crypto Index (NCI) was also named in a new filing.

Ken Odeluga

Aug 24, 20214 mins read

Bitcoin ETF

Bitcoin futures ETFs with end-to-end regulation in focus Accepting that the series of the statements has been a coherent, deliberate build-up to Gensler’s August remarks, the probability—if not the inevitability—of the SEC approving a form of Bitcoin ETF in the relatively near future appears to increase.

Ken Odeluga

Aug 18, 20216 mins read

newsletter

CF Benchmarks Recap - Issue 38 These are Gensler’s least equivocal remarks yet on this topic, indicating a potential line of least resistance.

Ken Odeluga

Aug 06, 20214 mins read

Announcement

CF Benchmarks launches Settlement Price and Spot Rate indices for DeFi coins UNI and COMP, plus utility tokens ADA and FIL Decentralised finance (DeFi) is receiving one of its strongest corroborations yet as a force to be reckoned with across the established financial world as CF Benchmarks brings its regulated Benchmark Methodology to prices for Uniswap and Compound

Ken Odeluga

Aug 04, 20213 mins read

CF Benchmarks Ultra Cap 5 Reconstitution - Constituent Changes and Weights Additions * Cardano (ADA) Removals * Litecoin (LTC) Final Portfolio & Weights * Bitcoin - 62.98% * Ether - 28.86% * Cardano - 4.91% * Ripple XRP - 2.50% * Chainlink 0.75% Portfolio and weight changes come into effect at the Rebalance Implementation Point - 1600 London time on August 2nd 2021. Should any index users have any questions or queries please do not hesitate to contact the CF Benchmarks team - [email protected]

CF Benchmarks

Aug 03, 20210 mins read

Announcement

ProFunds launches First U.S. Bitcoin Mutual Fund – with CF Benchmarks-powered Performance Index BTCFX instantly becomes the first widely available U.S. cryptocurrency fund – distinct from numerous crypto funds that are only available to accredited investors. This fact alone makes the news a true watershed moment for Bitcoin and crypto.

Ken Odeluga

Jul 29, 20212 mins read

crypto asset management

CF Benchmarks Recap - Issue 37 NYDIG will handle the BTC, etc., avoiding the regulatory uncertainty U.S. banks face in an increasingly crypto world.

Ken Odeluga

Jul 13, 20213 mins read

Results of Consultation for Proposed Methodology Changes to the CF Cryptocurrency Settlement Prices and Confirmation of Implementation The Administrator conducted a consultation with index users and market participants concerning proposed methodology changes to the CF Cryptocurrency Settlement Prices. between 1000 LDN May 24th and 1600 LDN June 4th. There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed change. The Administrator can now confirm it will implement the changes proposed Implementation Date The Administrator has been conducting extensive testing

Sui Chung

Jul 09, 20211 mins read

Announcement

CME CF Cryptocurrency Reference Rates Methodology Change Further to the previous announcement the Administrator wishes to remind index users that the methodology for the CME CF Cryptocurrency Reference Rates will be changed on July 30th 2021 at 1630 London time, meaning that the calculation of the CME CF Cryptocurrency Reference Rates for July 31st 2021 onwards will be calculated utilising the revised methodology. The confirmed changes are provided below, changes have been underlined and replacement text is shown in mark-up. Proposed Date of Impleme

Sui Chung

Jul 09, 20211 mins read

bitcoin

CF Benchmarks Recap - Issue 36 Backed by the CME CF Bitcoin Reference Rate, QBTC11 joins the ranks of the most trustworthy, fully regulated crypto assets in the world, bringing the convenience of the simplified ETF wrapper to Brazilian investors.

Ken Odeluga

Jun 24, 20214 mins read

bitcoin

SEC rewinds more Bitcoin ETF reviews The SEC is continuing to take its time to decide whether or not to (finally) approve one of the weighty Bitcoin ETF applications on its desk.

Ken Odeluga

Jun 24, 20213 mins read

crypto asset management

CF Benchmarks Recap - Issue 35 Texas-based Victory Capital, an $157bn AuM investment manager, is set to launch assets referencing the CF Benchmarks-devised and calculated Nasdaq Crypto Index.

Ken Odeluga

Jun 13, 20214 mins read

bitcoin

SEC warns on Bitcoin futures funds, not ETFs A close examination of the commission’s recent warnings suggests that its concerns won't have a great deal of bearing on Bitcoin ETF decisions.

Ken Odeluga

Jun 12, 20215 mins read

Announcement

Results of Consultation for Proposed Methodology Changes to the CME CF Cryptocurrency Reference Rates and Confirmation of Implementation The Administrator conducted a consultation with index users and market participants concerning proposed methodology changes to the CME CF Cryptocurrency Reference Rates. between 1000 LDN May 4th and 1600 LDN May 18th. There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed change. The Administrator can now confirm it will implement the changes proposed Implementation Date The Administrator has been conducting extensive testin

CF Benchmarks

Jun 10, 20211 mins read

Post

CF Benchmarks Recap - Issue 34 By way of consolation, BTC continued to levitate above May’s $29k-handle lows.

Ken Odeluga

Jun 06, 20214 mins read

crypto asset management

SEC restarts the clock on WisdomTree ETF decision Quite often, the Commission simply needs to ‘restart the clock’, to afford itself more time for consideration

Ken Odeluga

Jun 05, 20214 mins read

Post

CF Benchmarks Recap - Issue 33 The latest CF Benchmarks-powered planned Bitcoin ETF to be tapped for SEC review is Anthony Scaramucci’s First Trust SkyBridge Bitcoin ETF.

Ken Odeluga

May 30, 20214 mins read

Keeping tabs on CF Benchmarks-supported U.S. Bitcoin ETF applications To help keep tabs on the CF Benchmarks-powered Bitcoin ETF applications so far, we’ve put together the table below.

Ken Odeluga

May 29, 20212 mins read

Nasdaq Crypto Index - Reconstitution and Rebalance Announcement The Calculation Agent announces that there will be 2 new constituents of the Nasdaq Crypto Index (NCI) when the index is re-constituted on June 1st 2021: Filecoin and Uniswap. In accordance with the methodology the constituents and their respective free float supplies observed at 23:59:59 UTC on May 24th are: Asset Ticker Free Float Supply Bitcoin Cash BCH 12760087.04 Bitcoin BTC 14878243.37 Ethereum ETH 106448409.10 Filecoin FIL 81655129.94 Chainlink LINK 359950448.31 Litecoi

CF Benchmarks

May 26, 20211 mins read

CF Benchmarks

May 24, 20216 mins read

Post

CF Benchmarks Recap - Issue 32 Beyond market shock and awe, institutional convergence has barely appeared to miss a step

Ken Odeluga

May 22, 20213 mins read

Announcement

CF Benchmarks launches Settlement Price and Spot Rate indices for ALGO, ATOM, BAT and DAI CF Benchmarks is launching new benchmark indices for ALGO, ATOM, BAT and DAI.

CF Benchmarks

May 20, 20212 mins read

CME CF Cryptocurrency Reference Rate Methodology Change Consultation Closed The Administrator confirms that the methodology change consultation for potential changes to the Methodology for the CME CF Cryptocurrency Reference Rates has now closed. The results of the consultation and the Administrators final decision on the proposed changes will be announced shortly.

CF Benchmarks

May 19, 20210 mins read

CF Benchmarks Recap - Issue 31 The SEC has reaffirmed its preference for regulated Bitcoin prices (aka BRR) and regulated Bitcoin futures (aka CME Bitcoin Futures).

Ken Odeluga

May 15, 20214 mins read

Update to CF Cryptocurrency Index Family - Multi Asset Series Ground Rules The Administrator announces an update to the CF Cryptocurrency Index Family - Multi Asset Series Ground Rules has now been published. The impacted benchmarks are: CF Cryptocurrency Ultra Cap 5 The updated rules come into effect immediately and oversight to these changes was provided by the CF Oversight Function

CF Benchmarks

May 11, 20210 mins read

Post

CF Benchmarks Recap - Issue 30 Anthony Scaramucci’s First Trust Skybridge Bitcoin ETF Trust officially named CF Bitcoin US Settlement Price as proposed NAV calculation index

Ken Odeluga

May 08, 20213 mins read

The consultation on changes to the methodology of the CME CF Cryptocurrency Reference Rates is now open The consultation on proposed changes to the methodology for the CME CF References Rates is now open and will impact the following benchmarks only: · CME CF Bitcoin Reference Rate (BRR) · CME CF Ether Dollar Reference Rate (ETHUSD_RR) The Administrator proposes changes relating to the below sections of the Methodology only · Section 5 - Contingency Calculation Rules · A new Section 6 – Restatement & Republishing · A new Section 7 – Market Failure Events The proposed changes are provided be

CF Benchmarks

May 04, 20213 mins read

CF Benchmarks Recap - Issue 29 For the last several months there’s really been only one game in the institutional crypto town, and it’s all about those steps to a potential first U.S. Bitcoin ETF

Ken Odeluga

May 01, 20214 mins read

The CF Benchmarks-powered ETFs at the top of the SEC’s queue The fact that two of the three Bitcoin ETF filings under active review at the SEC propose to use a CF Benchmarks index as their daily valuation price is welcome, to say the least, and may turn out to be significant.

Ken Odeluga

Apr 30, 20218 mins read

Announcing a Consultation on Changes to the CME CF Reference Rates Methodology The Administrator announces that it will initiate a consultation on proposed changes to the methodology for the CME CF References Rates: · CME CF Bitcoin Reference Rate (BRR) · CME CF Ether Dollar Reference Rate (ETHUSD_RR) The Administrator shall propose changes relating to the below sections of the Methodology only · Section 5 - Contingency Calculation Rules · A new Section 6 – Restatement & Republishing · A new Section 7 – Market Failure Events The proposed changes are provided below,

Sui Chung

Apr 30, 20212 mins read

CF Benchmarks Recap - Issue 28 Three simultaneously launched Ether ETFs underlined their sponsors’ willingness to go head-to-head.

Ken Odeluga

Apr 23, 20214 mins read

Why price liquidity matters for Evolve’s ETHR ETF Only Evolve Ether ETF, which uses the CME CF Ether-Dollar Reference Rate as its reference index, is backed by a pricing source with a fully public and transparent methodology.

Ken Odeluga

Apr 21, 20215 mins read

Announcement: Evolve ETFs is set to launch the world’s first Ether ETF, powered by the CME CF Ether-Dollar Reference Rate ETHR’s daily NAV will be calculated using the CME CF Ether-Dollar Reference Rate, the only regulated Ether benchmark price

CF Benchmarks

Apr 17, 20212 mins read

CF Benchmarks Recap - Issue 27 Evolve ETFs edged ahead of rivals with Friday’s announcement of what’s set to be the world’s first Ether ETF

Ken Odeluga

Apr 17, 20214 mins read

BRR Power: updated research backs the index again Ultimately, demonstrating that the BRR continued to meet the most stringent standards of those qualities underpins the stated aim of the research in the first place: to validate the BRR as a superior reference price for providers of regulated Bitcoin financial products, chiefly ETFs.

Ken Odeluga

Apr 16, 20215 mins read

CF Benchmarks Recap - Issue 26 Crypto attention is already shifting to the next opportunity – a potential direct listing of Coinbase’s best-established rival, Kraken, in 2022

Ken Odeluga

Apr 10, 20214 mins read

CF Benchmarks Recap - Issue 25 The SEC has been presented with options to demonstrate where it stands on a Bitcoin ETF.

Ken Odeluga

Mar 27, 20213 mins read

CF Benchmarks Recap - Issue 24 Like Evolve’s Bitcoin ETF, trading in Canada, the Brazilian fund will track the CME CF Bitcoin Reference Rate (BRR).

Ken Odeluga

Mar 20, 20214 mins read

CF Benchmarks Recap - Issue 23 WisdomTree filed an application to offer WisdomTree Bitcoin Trust using the CF Bitcoin Settlement Price (US Close) as its daily valuation index.

Ken Odeluga

Mar 13, 20215 mins read

The ‘Bitcoin Effect’ on the traditional 60/40 portfolio Allocations to Bitcoin represented by the regulated Bitcoin Reference Rate have a very similar effect on a 60/40 portfolio as the one evident from previously published research

Ken Odeluga

Mar 11, 20214 mins read

CF Benchmarks Recap - Issue 22 There’s really no other way to interpret Evolve ETFs’s filing of a preliminary prospectus for the world’s first Ether ETF, powered by the CME CF Ether Reference Rate, than as a vote of confidence.

Ken Odeluga

Mar 06, 20213 mins read

CF Benchmarks Recap - Issue 21 The market may well have witnessed its biggest single-session drop ever—since the last one a few weeks ago—though institutional crypto convergence continued apace.

Ken Odeluga

Feb 26, 20214 mins read

Nasdaq Crypto Index - Reconstitution and Rebalance Announcement The Calculation Agent announces that there will be no change to the constituents of the Nasdaq Crypto Index (NCI) when the index is re-constituted on March 1st 2021. In accordance with the methodology the constituents and their respective free float supplies observed at 23:59:59 UTC on February 22nd are: The reconstitution and rebalance of the NCI will take place on March 1st 2021. To view the both the NCI Real Time Index and NCI Daily Settlement Price click here For further details on the N

CF Benchmarks

Feb 23, 20211 mins read

ETHUSD_RTI weathers the Ether storm From a benchmark perspective, the most important point to make is that the Ether market as represented by CF Benchmarks' Ether instruments, ETHUSD_RR and ETHUSD_RTI, has remained stable and orderly throughout the turbulence.

Ken Odeluga

Feb 23, 20213 mins read

The CME CF Ether-Dollar Reference Rate: Integrity Defined The clustering towards correlation coefficients of 1.00 demonstrate a strong price correlation between Constituent Exchanges. In turn, the strong price correlation is evidence of a lack of manipulation within Constituent Exchange prices

Ken Odeluga

Feb 22, 20215 mins read

CF Benchmarks Recap - Issue 20 A more pressing question than ‘where next for BTC’s price?’ was whether the OSC’s resoluteness would encourage the SEC off the fence

Ken Odeluga

Feb 20, 20214 mins read

CF Benchmarks Announces Constituent Exchange Changes to Benchmarks of the CF Cryptocurrency Index Family The Administrator announces that the following Constituent Exchange changes will come into effect at 1630 London Time on February Friday February 26th In accordance with the Administrators policies the process for approving these changes have been overseen by the CF Cryptocurrency Index Family Oversight Function

CF Benchmarks

Feb 18, 20211 mins read

BRR powered Bitcoin ETF from Evolve Funds wins Regulatory Approval in Canada The Net Asset Value of the fund will be calculated using the BRR and hence the value at which the shares in the fund will be created and redeemed by investors will be at that day's BRR value.

CF Benchmarks

Feb 16, 20212 mins read

CF Benchmarks Recap - Issue 19 Tesla, driving a coach and horses through conventional notions of treasury management, was the main feature.

Ken Odeluga

Feb 12, 20214 mins read

Results of Consultation for Demising the indices of the Ripple XRP Bitcoin pair and Confirmation of Implementation The Administrator conducted a consultation with index users and market participants for the proposed demising of the CF Ripple XRP - Bitcoin Settlement Price and CF Ripple XRP - Bitcoin Spot Rate , members of the CF Cryptocurrency Index Family, between 1000 LDN January 30th and 1600 LDN February 5th. There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed change. The Administrator can now confirm it will implement the proposed

CF Benchmarks

Feb 12, 20211 mins read

Why now, for CME Ether Futures?Although Ether’s market value is still just slightly more than a quarter of the value of the ‘original gangster’, the CME has evidently satisfied itself that an addressable marketplace of institutional Ether participants is as real as the one for Bitcoin.

Ken Odeluga

Feb 11, 20215 mins read

Consultation on demising the Benchmarks of the Ripple XRP - Bitcoin pair now closed The consultation regarding the demising of the Benchmarks of the Ripple XRP - Bitcoin Pair is now closed. The Administrator will inform the market and index users its actions in due course.

CF Benchmarks

Feb 09, 20210 mins read

CF Benchmarks Recap - Issue 18 Our CME CF Ether-Dollar Real Time Index was recorded at $1,761.86, with a 16:08:25 time stamp. That’s certainly the highest the authorised Benchmark has traded since its inception in May 2018.

Ken Odeluga

Feb 05, 20214 mins read

Ether Futures settling to CF Benchmarks' Ether Dollar Reference Rate start trading End-to-end oversight will make CME Ether Futures the only fully regulated Ether market in the world. Consequently, participants can have complete confidence in its integrity, regulatory compliance, transparency and accuracy.

CF Benchmarks

Feb 04, 20211 mins read

CF Benchmarks Recap - Issue 17 Bitcoin’s price behaviour is now the closest to what may be described as ‘a range’ for the first time in months.

Ken Odeluga

Jan 30, 20214 mins read

Consultation on demising the indices of the Ripple Bitcoin Pair now open The consultation on the proposed demising of the CF Ripple-Bitcoin Settlement Price and CF Ripple Bitcoin Spot Rate, members of the CF Cryptocurrency Index Family, is now open Proposed Date of Implementation The Administrator proposes to demise both benchmarks at 1630 London time on February 11th. This means that the CF Ripple-Bitcoin Settlement Price published on February 11th 2021 will be the final value for this benchmark whilst the final value for the CF Ripple Bitcoin Spot Rate shall be p

CF Benchmarks

Jan 30, 20212 mins read

Benchmark indices for OMG Network (OMG) and Orchid (OXT) against US Dollars (USD) launched "We are excited to be able to break new ground for OMG Network and Orchid and extend our coverage of the cryptocurrency asset class at this exciting time."

CF Benchmarks

Jan 28, 20212 mins read

CF Benchmarks appointed Calculation Agent for Nasdaq Crypto Index (NCI)Nasdaq, Inc. has launched the Nasdaq Crypto Index (NCI) with CF Benchmarks as Calculation Agent. The NCI is a benchmark index that has been designed to measure the performance of a significant portion of the digital asset market and to provide a benchmark for institutional investment in this new and emerging asset class. The Index is specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by investors. The first licensee of the index is digital

CF Benchmarks

Jan 26, 20211 mins read

Announcement of a Consultation on the Cessation of the CF Ripple - Bitcoin Settlement Price and CF Ripple -Bitcoin Spot Rate The Administrator announces it will conduct a consultation on the cessation of the CF Ripple - Bitcoin Spot Rate and CF Ripple Bitcoin Settlement Price. The Administrator announces that it will initiate a consultation on the proposed demising of the CF Ripple-Bitcoin Settlement Price and CF Ripple Bitcoin Spot Rate, members of the CF Cryptocurrency Index Family. Proposed Date of Implementation The Administrator proposes to demise both benchmarks at 1630 London time on February 11th. This means

CF Benchmarks

Jan 24, 20212 mins read

CF Benchmarks Recap - Issue 16 As if to drive home the lesson that significant crypto adoption news and promising political developments won’t always necessarily coincide with celebratory price action, the two largest cryptocurrencies veered in separate directions this week.

Ken Odeluga

Jan 22, 20213 mins read

Suspension of Coinbase from CF Ripple XRP-Dollar and CF Ripple XRP-Bitcoin Indices From January 20th the Administrator has suspended Constituent Exchange Coinbase from the below indices: * CF Ripple XRP - Dollar Settlement Price * CF Ripple XRP - Dollar Spot Rate * CF Ripple XRP - Bitcoin Settlement Price * CF Ripple XRP - Bitcoin Spot Rate This is due to the suspension of all Ripple XRP markets operated by Coinbase. This suspension is indefinite. Should index users have any questions or queries please contact the Administrator at [email protected]

CF Benchmarks

Jan 21, 20210 mins read

CF Benchmarks Recap - Issue 15 With a CFTC-regulated futures market operated by the CME Group now accounting for the highest BTC-USD open interest, among other elements of a more mature crypto market place than existed in 2017, brave forecasts of what might happen next based on BTC’s trajectory then, are void

Ken Odeluga

Jan 15, 20214 mins read

A Quiet Breakthrough for the Bitcoin Reference Rate Our latest research validates the CME CF Bitcoin Reference Rate (BRR) as a fully compliant benchmark with consistently achievable prices

Ken Odeluga

Jan 13, 20215 mins read

CF Benchmarks Recap - Issue 14 Several months into this barrage of records, their frequency has not abated to an extent for a serious correction—say $10,000-plus—to appear highly-probable in the near term.

Ken Odeluga

Jan 09, 20213 mins read

CF Benchmarks Recap - Issue 13 Our latest proprietary research shows that the BRR achieves a quality that’s like a Holy Grail for institutional traders and providers of regulated products

Ken Odeluga

Dec 22, 20204 mins read

CF Benchmarks Recap - Issue 12 Another week that Bitcoin failed to set an incremental new all-time high since notching a string of these in late November

Ken Odeluga

Dec 12, 20204 mins read

CF Benchmarks Recap - Issue 11 Cryptocurrency markets have however amply demonstrated the same proneness to common behavioural patterns as any other financial markets, where consolidation manifests as profit taking, seasonality, and more

CF Benchmarks

Dec 04, 20204 mins read

Post

UPDATED - CF Benchmarks Cryptocurrency Tax and Reporting Calendar Our unique cryptocurrency reporting tool now includes the ill imprtant index values for December 31st 2020 How CF Benchmarks Cryptocurrency Price Indices can help you report the value of cryptocurrency holdings and earnings to tax authorities, auditors and other stakeholders that might scrutinise your valuations. This is not and is not intended to be tax advice in any jurisdiction of the world. You should consult your own tax, legal and accounting advisors for any advice on tax matters. Th

CF Benchmarks

Dec 03, 20205 mins read

CF Benchmarks Recap - Issue 10 To those for whom the spectacular price moves of the week were completely unforeseen - including Bitcoin’s drop by as much as 16% in about 24 hours - welcome to the wonderful world of crypto.

Ken Odeluga

Nov 27, 20203 mins read

Announcement

CF Benchmarks Ultra Cap 5 - Constituent Changes and Weights The Administrator announces the final portfolio composition and index weights for the CF Ultra Cap 5 Index. Additions * Chainlink (LINK) Removals * Bitcoin Cash (BCH) Final Portfolio & Weights * Bitcoin - 75.57% * Ether - 15.94% * Ripple XRP - 5.66% * Litecoin 1.49% * Chainlink 1.34% Portfolio and weight changes will be come into effect at the Rebalance Implementation Point - 1600 New York time on Friday, November 27th. Should any index users have any questions or queries pleas

CF Benchmarks

Nov 27, 20201 mins read

CF Benchmarks Recap - Issue 9 The most prevalent cryptocurrency by full market cap has yet to reach ardent peaks near $20,000 from December 2017, but aspects of the same heady atmosphere as then, around crypto, Wall St. and Main St, are making a return.

Ken Odeluga

Nov 20, 20204 mins read

Crypto index adds missing LINK LINK’s full market capitalisation has evidently shot up to around $12.52bn, reflecting an eye-watering price rise of almost 400% so far in 2020

Ken Odeluga

Nov 18, 20204 mins read

Announcement

CF Benchmarks Ultra Cap 5 - Constituent Review The Administrator announces portfolio composition changes to the CF Ultra Cap 5 Index in light of the November 2020 constituent review carried out in accordance with the CF Cryptocurrency Index Family - Multi Asset Ground Rules Additions * Chainlink (LINK) Removals * Bitcoin Cash (BCH) Final Portfolio & Pricing Sources * Bitcoin (CME CF BRTI) * Chainlink (CF LINKUSD_RTI) * Ether (CME CF ETHUSD_RTI) * Litecoin (CF LTCUSD_RTI) * Ripple XRP (CF XRPUSD_RTI) The weights for each con

CF Benchmarks

Nov 18, 20201 mins read

Bitcoin Cash eyes soft landing after hard fork Ultimately, this switch could have brought about major changes to the Benchmark known as Bitcoin Cash, trading under the ticker ‘BCH’.

Ken Odeluga

Nov 16, 20203 mins read

CF Benchmarks Recap - Issue 8 Broader market cheer that lifted the S&P 500 to its best levels in 10 weeks in recent days underscores the extent to which major crypto is now a part of the same sphere.

Ken Odeluga

Nov 13, 20204 mins read

Bitcoin’s Open Interest Question Volatility implied by patterns of trade in Bitcoin options indicated little expectation among sophisticated market of participants that prices would reach $20,000 by year end. Even so, anticipation across the broader market hasn’t entirely diminished.

Ken Odeluga

Nov 11, 20204 mins read

CF Benchmarks Newsletter Issue 7 News that the long-planned policy switch for the Ethereum blockchain finally has a hard launch date was arguably more important.

Ken Odeluga

Nov 06, 20204 mins read

Not quite a crypto cliff-hanger Though a clear election end point may still be days away, as votes continue to be counted, wrangled over, and possibly even argued over in court, it’s clear that stocks and other risky assets—including crypto—are taking cues from clear probabilities and a handful of certainties in the bag so far.

Ken Odeluga

Nov 04, 20203 mins read

CF Benchmarks Recap - Issue 6 When the history of cryptocurrencies’ slow but steady progress to the mainstream is written, it may contain a section covering former sceptics who underwent a damascene conversion.

Ken Odeluga

Oct 30, 20204 mins read

CME‘s Bitcoin growth is a low-key big splash It’s no surprise that corporate pressures and market tailwinds that have catalysed rising crypto demand, have helped contract volumes of CME’s dollar-settled futures in Bitcoin

Ken Odeluga

Oct 27, 20203 mins read

CF Benchmarks Recap Newsletter - Issue 5 The $239bn group with 346 million active users will instantly become the biggest enabler of consumer crypto adoption by virtue of being the largest retail platform with digital assets on its network.

Ken Odeluga

Oct 23, 20204 mins read

BTC and LTC’s Peak PayPal Volume Although more emphatic than timely, the reaction of both Bitcoin and Litecoin markets confirm that this week ought to go down in history as one in which cryptocurrency adoption reached a major inflection point.

Ken Odeluga

Oct 22, 20203 mins read

Bitcoin buyers break little sweat as $12,000 breached In fact, the breach of $12,000 itself was not accompanied by particularly remarkable volumes. These were not seen till a few hours later, when turnover accelerated to as much as five times the 90-day average as of 04:00 UTC.

Ken Odeluga

Oct 21, 20203 mins read

CF Benchmarks Recap - Issue 4 - New LINK-USD Benchmarks - Fidelity even more bullish Bitcoin - Stoneridge reveals 10,000 BTC custody empire

CF Benchmarks

Oct 16, 20203 mins read

Why Bitcoin sidesteps OKEx Freeze Both the price and volume response warrant careful scrutiny, because to be sure, there was no ‘melt-down’.

CF Benchmarks

Oct 16, 20203 mins read

It’s time for a LINK Benchmark Guess which DeFi-linked coin is now the biggest by market capitalisation? With a full market cap of around $10.9bn, LINK wins that accolade.

CF Benchmarks

Oct 13, 20202 mins read

Square’s Bitcoin news was bigger than it looked The importance for Bitcoin price sentiment was underscored by a spike in trading volume. The jump ought to be regarded as just as unequivocal as the price move. There was strong corroboration from CF Benchmarks’ regulated volume data.

CF Benchmarks

Oct 12, 20203 mins read

Recap: Our weekly newsletter • FCA makes its move • Not so Square Inc., buys BTC • Why crypto shrugs off BitMEX

CF Benchmarks

Oct 10, 20204 mins read

Why Crypto shrugs off BitMEX’s Disintegration The charges obviously have several major implications for the cryptocurrency industry. Even so, the market reaction speaks volumes about the dwindling influence of BitMEX on the Bitcoin market.

CF Benchmarks

Oct 09, 20206 mins read

This week's Recap News that the U.S. Commodity Futures Trading Commission and federal prosecutors levelled multiple charges against the high-profile crypto and crypto-derivatives platform BitMEX, had a slight chilling effect on market prices.

CF Benchmarks

Oct 02, 20204 mins read

Goodbye to Crypto Hold-outs’ last stand Though price-manipulation fears are among the last remaining misgivings institutional market participants have against investing in digital assets, methodologies are now available that go a long way towards neutralising those concerns

CF Benchmarks

Oct 02, 20205 mins read

Our Weekly Crypto Recap • Kraken becomes First Crypto Bank • DeFi still defying gravity, lifting ETH • How much Ether exists? Our take

CF Benchmarks

Sep 25, 20204 mins read

All the Ether you can trade What if your very existence depended on finding a practical answer to the question of how much Ether exists?

CF Benchmarks

Sep 25, 20208 mins read

An early look at the CF Benchmarks weekly newsletter Look out for our newsletter each week for updates on our indices and other products, plus news and thoughtful views about the markets we list.

CF Benchmarks

Sep 18, 20204 mins read

Crypto Market-Cap Concerns solved - ‘FUD’ not so much The chief concern for the institutional market segment is that the task of replicating an asset class becomes more difficult following actual or even just perceived liquidity changes

CF Benchmarks

Sep 14, 20207 mins read

Crypto Busts Highlight Fake Price Risks With recent reminders that the crypto market boom can all too easily be followed by busts of one kind or another, the need for rock solid price data of the standard set by CF Benchmarks is only set to increase.

CF Benchmarks

Sep 07, 20203 mins read

Implementation Change to the Potentially Erroneous Data Parameter for all CF Spot Rates The Administrator announces a change to the implementation of the Potentially Erroneous Data Parameter as described in section 5.3 of the CF Spot Rate Methodology Guide that will become effective September 14th c. 1630 London time. Exclusion of a constituent exchange orderbook from the calculation continues to be triggered by it exhibiting a mid-price that is deviated from the other valid exchanges by a percentage that exceeds the Potentially Erroneous Data Parameter. However, from this time on

CF Benchmarks

Sep 07, 20201 mins read

Implementation Change to the Potentially Erroneous Data Parameter for all CME CF Real Time Indices The Administrator announces a change to the implementation of the Potentially Erroneous Data Parameter as described in section 5.3 of the CME CF Real Time Indices Methodology Guide that will become effective September 14th c. 1630 London time. Exclusion of a constituent exchange orderbook from the calculation continues to be triggered by it exhibiting a mid-price that is deviated from the other valid exchanges by a percentage that exceeds the Potentially Erroneous Data Parameter. However, from

CF Benchmarks

Sep 07, 20201 mins read

How BlockFi beats the great crypto pricing conundrum One of the crypto world’s greatest (and oldest) conundrums: how to establish the price of an asset, like Bitcoin, at any given time

CF Benchmarks

Aug 27, 20203 mins read

Press release: CF Benchmarks to Provide Crypto Price Indexes for BlockFi Lending Products "With FCA-regulated cryptocurrency indexes behind our products, our clients can be confident knowing they’re getting the most trusted information to best inform their investment strategies and decisions no matter what time of day it is,” said Zac Prince, CEO of BlockFi.

CF Benchmarks

Aug 27, 20202 mins read

Bitcoin and Ether Price Integrity Now comes in Euros CF Benchmarks was already the only UK and EU-authorised provider of cryptocurrency benchmark indices. Now, it’s the only regulated benchmark administrator that provides euro-denominated Ether and Bitcoin indices.

CF Benchmarks

Aug 25, 20203 mins read

Press release: CF Benchmarks launches PAX Gold-USD benchmark price index "Traditional gold markets only operate Monday through Friday, so this new offering opens new opportunities for financial markets.” said Sui Chung, CEO of CF Benchmarks.

CF Benchmarks

Aug 25, 20202 mins read

Press release: CF Benchmarks pioneers world’s first crypto market benchmark index The “CF Benchmarks Ultra Cap 5” Cryptocurrency Index is the first true beta benchmark for crypto, covering about 75% of the entire crypto market LONDON, 19 August 2020 -- CF Benchmarks, the leading cryptocurrency index provider, has launched an index that accurately reflects the circulating supply of each comprising crypto (or index constituent). The CF Benchmarks Ultra Cap 5 is fully rules-based and free float market capitalisation weighted. The index represents more than 75% of the entire cr

CF Benchmarks

Aug 19, 20202 mins read

Introducing the CF Cryptocurrency Ultra Cap 5 Index The CF Cryptocurrency Ultra Cap 5 Index accurately reveals which coins are driving the crypto market There’s no mistaking that the crypto world is evolving at a dizzying pace. ‘Total Value Locked’ in DeFi (decentralized finance) recently passed $4bn for the first time. High profile investors like Paul Tudor Jones and hedge fund Renaissance Technologies have piled in of late. Ether futures volumes notched new daily highs in early August after Bitcoin’s turbo-charged acceleration a few months ea

CF Benchmarks

Aug 18, 20204 mins read

Ether posts strong returns of 11.9% in May and 2020 gains hit 82.5% * 2020 gains continue for Ether through May but Ether-Dollar Reference Rate shows the second largest crypto is still in negative territory (-9.3%) over the past 12-months * Returns since ETH hit its 2020 low ($113.62 March 16) stand at over 108% * Volumes trended lower but were still well ahead of the lull seen in January

CF Benchmarks

Jun 01, 20200 mins read

Bitcoin Returns 7.7% in May and 32.6% for 2020 * May saw the BRR almost touch $10,000, hitting a month high of $9,952 on May 8, on that day the BRR showed Bitcoin returned a staggering 96.6% from its 2020 low ($5082.7 March 16) * The annual return stood at 13.2% with YTD returns even better at 32.6%, but from its 2020 low ($5062.68, March 16) the BRR shows Bitcoin returning a staggering * Volumes remained strong and May 21 saw a volume surge as Bitcoin pared back some of its gains

CF Benchmarks

Jun 01, 20201 mins read

CF Benchmarks Launches Indices for Tezos, Stellar Lumens and EOS CF Benchmarks will begin publishing benchmark indices for Tezos (XTZ), Stellar Lumens (XLM) and EOS (EOS) to USD from today. Each asset will be represented by both a once a day Settlement Price and a per second Spot Rate, published 365 days a year. Transaction and Order Book data for these indices will be drawn from Coinbase and Kraken. The new indices will become the latest members of the CF Cryptocurrency Index Family - full index methodology and governance documents can be found here. "We a

CF Benchmarks

May 12, 20201 mins read

ETH returns 61% in April, the best monthly return since May 2019 (64%), recovering most of its March losses * ETH remains 24.4% off its 2020 high yet still shows an impressive 60.6% YTD return * Aggregate volumes in April (713,389) trail March (934,680) but were still significantly ahead of January (247,500) and February (534,707) * April 23rd saw volumes of 120,812 ETH traded, only slightly behind "Black Thursday" - March 13th (123,248)

CF Benchmarks

May 05, 20200 mins read

Bitcoin recovers most of its March losses, but remains 14.4% below its 2020 high * BRR shows Bitcoin recovers most of its March losses, on April 30th BRR was $8848.5 sitting just 3.1% below the March high of $9127.1 set on March 7th. * YTD returns at April 30th are a healthy 22.8% but Bitcoin is still 14.4% below its 2020 high of $10,336.0 set on February * Aggregate BRR volume of 74,656 XBT for April was significantly lower than March's record volumes (103,765 XBT) but still a long way ahead of volumes seen in Jan (35,034 XBT) and Feb (44,538 XBT)

CF Benchmarks

May 05, 20201 mins read

BRR sees record volumes as Bitcoin falls 24.6% in March * BRR sees record monthly volumes of 103,765 XBT traded in March, more than double February * Over 14,000 XBT were traded on March 13th - Black Friday * Bitcoin ends the month 24.6% lower, after recovering towards the second half, losses stood at 41% on March 16th * Rolling 24hr volatility of the CME CF Bitcoin Real Time Index reached 70% on March 13th 0305 UTC https://twitter.com/CFBenchmarks/status/1238477558401904640

CF Benchmarks

Apr 02, 20200 mins read

Website improvements At CF Benchmarks, we're always trying to improve our infrastructure. One area we've been focusing recently is our website. Last year we spent some time revamping the site. We gave it more of a dashboard feel, improving the graphs and adding a bit more data content. Once that was deployed, the data looked great, but we felt we could do more to improve our news posts. Until recently, our news items were all simple text based posts that were difficult to write and publish. We wanted the abili

CF Benchmarks

Mar 17, 20201 mins read

Ether-Dollar Reference Rate posts 23.2% return in Feb'20 amidst record breaking volumes * Best monthly return for ETH-USD Reference Rate since May'19 and second best month on record * Aggregate volumes in Feb'20 (534,707 ETH, $130.5M) smash all previous records - Dec'18 (457,417 ETH) and May'18 ($79M) * Feb 15th 2020 saw all-time record dollar volume of $15.9M, topping the previous high of $11M set on Nov 21st 2019 * Month high of $279.94 (Feb 19th) is highest since July 10th 2019 * Volumes recorded surged 127.8% vs Jan'20

CF Benchmarks

Mar 03, 20201 mins read

BRR falls 7.5% in Feb'20 on strongest monthly volumes since July'19 * Total aggregate volumes traded in Feb'20 increased by 27.1% vs Jan'20, reaching 44,538 BTC, despite a short month * Feb'20 (44,538 BTC, $434.9M) saw the strongest monthly volumes since July'19 (83,151 BTC, $883.1M) * Feb 11th 2020 saw 7,268 BTC/ $72.9M traded, the highest daily volumes recorded for the BRR since Nov 21st 2019 - 12,577 $95.3M * Coinbase gained over 5% in share vs. the previous month

CF Benchmarks

Mar 03, 20201 mins read

Bitcoin climbs 28.7% in Jan, amidst smoother trading volumes than Dec * Aggregate volume captured by the BRR in Jan '20 15% lower than Dec '19 * Highest volume day in (Jan 14) saw 42% less volume than the highest volume day in previous month (Dec 9), pointing to smoother trading volumes in Jan * Bitstamp increased share of volume by 4 percentage, whilst Coinbase share fell 3.5 percentage points month to month * Average trade size in Jan'20 fell to 0.2598 BTC from 0.2879 BTC in Dec'19

CF Benchmarks

Feb 26, 20201 mins read

Consultation for Proposed Methodology Change to CF Ripple-Bitcoin Settlement Price Now Open 0900 LDN The consultation on proposed methodology parameter changes to the CF Ripple-Bitcoin Settlement Price previously announced by the Administrator is now open. This consultation will close at 1600 LDN on May 24th and should the consultation result in the Administrator not implementing any of the proposed changes or the implementation date being changed then this and any further shall be announced by the Administrator. . This consultation is open to all index users and interested market pa

CF Benchmarks

Feb 25, 20202 mins read

Announcement of Consultation Regarding Changes to Methodology Parameters of CF Ripple-Bitcoin Settlement Price 1400 LDN The Administrator announces that it will initiate a consultation on proposed changes to the methodology parameters of the CF Ripple-Bitcoin Settlement Price, a member of the CF Cryptocurrency Index Family. The proposed change is to amend both the observation window parameters and partition lengths that are utilised for the calculation of the index. The proposed change and implementation date Current Parameters Utilised * Observation Window (LDN): 1500 to 1600 LDN * Partition Len

CF Benchmarks

Feb 25, 20202 mins read

Consultation for Proposed Methodology Change to CF Ripple-Bitcoin Settlement Price Now Closed The consultation for the proposed parameter change to the CF Ripple-Bitcoin Settlement Price that was opened on May 10th 2019 has now closed. The Administrator shall announce the findings of the consultation in due course.

CF Benchmarks

Feb 25, 20200 mins read

Results of Methodology Parameter Change Consultation for CF Ripple Bitcoin Settlement Price and Confirmation of Implementation The Administrator conducted a consultation with index users and market participants for proposed index methodology parameter changes to the CF Ripple-Bitcoin Settlement Price, a member of the CF Cryptocurrency Index Family, between 0900 LDN May 10th and 1600 LDN May 24th. There were no responses received to this consultation and nor were there any queries regarding any aspects of the proposed change. The Administrator can now confirm it will implement the proposed change of amending the method

CF Benchmarks

Feb 25, 20201 mins read

CF Benchmarks Indices Update At approximately 1630 UTC, a scheduled update to the CF Benchmarks system will begin. This should take no longer than 30 minutes. This update could result in the CME CF Real Time Indices and the CF Spot Rates being unavailable for a brief period. Other Crypto Facilities systems will be unaffected. This update will change the order size cap of the CF Bitcoin Cash-Dollar Spot Rate from 100 to 500 and the CF Ripple-Dollar Spot Rate from 100,000 to 400,000. This update will also change the leng

CF Benchmarks

Feb 25, 20200 mins read

Announcement of the Removal of Bitfinex as a Constituent Exchange to the CF Ripple-Bitcoin Settlement Price and CF Ripple-Bitcoin Spot Rate The Administrator shall implement the removal of Bitfinex as a constituent exchange to the CF Ripple-Bitcoin Settlement Price and the CF Ripple-Bitcoin Spot Rate on July 2nd 2019 at around 1630 LDN time. This means from that time Bitfinex will no longer contribute to the CF Bitcoin-Ripple Spot Rate and also means that the calculation of the CF Ripple-Bitcoin Settlement Price for July 3rd 2019 onwards will not include any transactions from Bitfinex.

CF Benchmarks

Feb 25, 20200 mins read

Constituent Exchanges to CME CF Cryptocurrency Pricing Products Inaccessible for a Period on July 2nd 2019 The Administrator wishes to inform users of the CME CF Cryptocurrency Pricing Products that both the websites and API’s of some of the Constituent Exchanges from which the Administrator utilises orderbooks and transactions as input data to the calculation of the indices were inaccessible for a period today. This issue was caused by the widely used web security software provider Cloudflare suffering a network outage between 1344 and 1408 UTC. The Administrator confirms that all CME CF Cryptocurr

CF Benchmarks

Feb 25, 20200 mins read

Bitfinex Removed from CF Ripple-Bitcoin Settlement Price and CF Ripple-Bitcoin Spot Rate The Administrator confirms that Bitfinex was removed from the CF Ripple Bitcoin Settlement Price and the CF Ripple Bitcoin Spot Rate at 1645 LDN today following the announcement made on June 18th 2019

CF Benchmarks

Feb 25, 20200 mins read

Constituent Exchanges to CF Cryptocurrency Index Family Inaccessible for a Period on July 2nd 2019 The Administrator wishes to inform users of the CF Cryptocurrency Index Family that both the websites and API’s of some of the Constituent Exchanges from which the Administrator utilises orderbooks and transactions as input data to the calculation of the indices were inaccessible for a period today. This issue was caused by the widely used web security software provider Cloudflare suffering a network outage between 1344 and 1408 UTC. The Administrator confirms that all members of the CF Cryptoc

CF Benchmarks

Feb 25, 20200 mins read

itBit to be included as a Constituent Exchange to the CME CF Ether-Dollar Reference Rate and CME CF Ether-Dollar Real Time Index The Administrator announces it will include itBit as a constituent exchange to the CME CF Ether-Dollar Reference Rate and the CME CF Ether-Dollar Real Time Index on July 15 2019. * At around 1630 London time the CME CF Ether-Dollar Real Time Index include orders from itBit as input data * Beginning July 16, 2019 the CME CF Ether-Dollar Reference Rate will include transactions from itBit as input data.