The MarketVector™ Bitcoin Benchmark Rate (BBR) is a trusted and transparent reference price for Bitcoin in USD, calculated using a one-hour volume-weighted median pricing methodology. Designed with integrity at its core, the index emphasizes accuracy, reliability, and resistance to market manipulation—making it ideal for institutional use and financial product development.
With over $3.001 billion in assets under management (AUM) tied to products based on this index, BBR has established itself as a critical benchmark in the digital asset ecosystem. Its robust calculation framework and real-time dissemination make it a go-to standard for investors, fund managers, and fintech innovators seeking credible Bitcoin valuation data.
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How the MarketVector™ Bitcoin Benchmark Rate Works
At the heart of the BBR is a precise and secure calculation methodology that ensures fair representation of Bitcoin’s market value across leading exchanges.
Core Calculation Methodology
- Price Aggregation: The index computes a volume-weighted median price from 20 consecutive 3-minute intervals, totaling one hour of trading data.
- Exchange Selection: Only the top 5 exchanges ranked by CryptoCompare’s Exchange Benchmark are included, ensuring high-quality, regulated, and liquid trading venues.
- Real-Time Dissemination: Data is updated continuously during market hours (00:00–24:00 ET), offering timely insights for traders and institutions.
This method reduces outlier influence and minimizes exposure to spoofing or wash trading—common concerns in crypto markets—delivering a resilient benchmark suitable for regulated financial instruments.
Latest Index Values
| Metric | Value |
|---|---|
| Last Close | $105,606.71 |
| Open | $105,606.71 |
| 52-Week Range | $53,118.09 – $111,574.40 |
While short-term fluctuations occur, the BBR reflects long-term trends with consistency, supported by rigorous data validation and audit-ready transparency.
Key Index Parameters
Understanding the foundational structure of the BBR helps investors assess its suitability for benchmarking and product design.
- Launch Date: June 2, 2020
- Base Date: December 31, 2015
- Base Value: 425.23
- Currency: USD
- Index Type: Digital Assets
- Calculation Provider: CCData
- Dissemination Time: Real-time, 24/7 (ET)
- Closing Time: 16:00 ET daily
- Review Schedule: Semi-annual
- Next Review Announcement: November 25, 2025
Market capitalization values are refreshed daily, ensuring alignment with current market dynamics.
Global Identifiers for Institutional Use
For integration into trading platforms, regulatory filings, or financial reporting, BBR offers multiple global identifier codes:
- ISIN: DE000SL0A0E5
- SEDOL: BMFXWZ6
- WKN: SL0A0E
- Bloomberg Ticker: BBR
- Reuters Instrument Code: .BBR
- FIGI: BBG00TX28MC5
These identifiers streamline access across systems and support compliance with international financial standards.
Performance Metrics: Long-Term Growth & Volatility
The BBR tracks exceptional growth over time while maintaining measurable volatility levels crucial for risk assessment.
Historical Performance (Price Return)
- Year-to-Date (YTD): +12.67%
- 1-Year Return: +66.82%
- 3-Year Return: +446.36%
- 5-Year Return: +1,044.12%
- Since Inception (Dec 31, 2015): +24,735.20%
These figures underscore Bitcoin’s role as a high-growth digital asset when benchmarked through a reliable pricing mechanism like BBR.
Volatility Insights
Volatility is a key metric for portfolio managers evaluating risk-adjusted returns:
- 1-Month Volatility: 33.77%
- 1-Year Volatility: 50.44%
While elevated compared to traditional assets, this volatility aligns with broader cryptocurrency market behavior and diminishes over longer investment horizons.
Review Process & Index Governance
Transparency and governance are central to the credibility of any financial index. The BBR undergoes semi-annual reviews to ensure ongoing relevance and accuracy.
Upcoming Review Dates (2025)
| Review Period | Index Data Date | Announcement | Implementation |
|---|---|---|---|
| Q2 2025 | May 25, 2025 | May 26, 2025 | May 31, 2025 |
| Q4 2025 | November 24, 2025 | November 25, 2025 | November 30, 2025 |
All changes take effect on the next trading day after implementation. Review results are published in Excel format at 23:00 CET on announcement dates for full auditability.
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Top Components
Given that BBR exclusively tracks Bitcoin:
- Bitcoin (BTC): 100.00% weight
This pure-play exposure makes BBR an ideal benchmark for spot Bitcoin ETFs, futures contracts, structured notes, and other single-asset crypto products.
Frequently Asked Questions (FAQ)
What is the MarketVector™ Bitcoin Benchmark Rate used for?
The BBR serves as a reliable pricing reference for financial products such as exchange-traded funds (ETFs), derivatives, structured products, and institutional portfolios. It enables accurate valuation and performance tracking of Bitcoin-based investments.
How does BBR prevent market manipulation?
By using a volume-weighted median from only the top five regulated exchanges (per CryptoCompare’s benchmark), the index filters out outliers and low-quality data. This multi-layered approach enhances resilience against spoofing and artificial price movements.
Is the BBR updated in real time?
Yes. The index is disseminated in real time between 00:00 and 24:00 Eastern Time (ET), providing continuous pricing data essential for live trading and settlement processes.
Who uses the BBR?
Institutional investors, asset managers, fintech firms, and regulated exchanges rely on BBR for product creation, risk modeling, performance reporting, and compliance purposes.
Can I license the BBR for my financial product?
Yes. Licensing is required to use the BBR as an underlying index for financial instruments. MarketVector provides tailored licensing options for ETFs, mutual funds, derivatives, and more.
How often is the index reviewed?
The BBR undergoes a semi-annual review to assess exchange eligibility and methodology integrity. The next announcement is scheduled for November 25, 2025.
Related Digital Asset Indices
Beyond Bitcoin, MarketVector offers a suite of institutional-grade benchmarks:
MarketVector™ Ethereum Benchmark Rate
Tracks Ethereum (ETH) using the same robust median-weighted methodology. Currently supports over $286 million in AUM.
MarketVector™ Bitcoin VWAP Close Index
Measures Bitcoin performance using a 1-hour volume-weighted average price (VWAP) at close. Powers financial products with $581.65 million in AUM.
Virtune Crypto Top 10 Index (VIR10I)
Captures performance of up to the top 10 cryptocurrencies by market cap—ideal for diversified digital asset exposure.
MarketVector™ Sui VWAP Close Index (MVSUIV)
Focuses exclusively on Sui (SUI), calculated via hourly VWAP closing prices.
These indices collectively support innovation across decentralized finance (DeFi), tokenized assets, and next-generation investment vehicles.
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