Crypto09 April, 20261 min read
Coinbase And MarketVector Launch Bitcoin And Tokenized Gold Store Of Value Index
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Tracks Bitcoin and Pax Gold to form a store-of-value index. Launched by MarketVector Indexes in partnership with Coinbase Asset Management.
Index Launch
MarketVector and Coinbase launched the Coinbase Store of Value Index, combining Bitcoin and tokenized gold. The index uses an inverse volatility model, weighting lower-volatility assets higher. The benchmark is rebalanced quarterly and calculated in US dollars.
MarketVector is a Europe-based regulated benchmark administrator with a background in traditional indexing. The launch reflects an evolving definition of store of value, extending beyond gold to include BTC.
Store-of-Value Debate
Bitcoin's store-of-value narrative has faced renewed scrutiny over the past year. Bitcoin has at times traded more like a risk asset, moving in tandem with equities. Grayscale Investments found Bitcoin behaved more like a growth stock than a traditional store of value.
Investors have pointed to Bitcoin's diminishing returns. Gold outperformed the biggest digital asset in 2025.
Dynamic Allocation
The index relies on inverse volatility to guide allocations between Bitcoin and gold. MarketVector research indicates stronger risk-adjusted returns than static allocations. The index experienced materially smaller drawdowns than a simple 50/50 blend.
The index tackles growing correlations between digital assets and equities. Coinbase Chief Product Officer called it a pivotal moment.
Institutional Interest
The index launch comes as institutional appetite for alternative investments reaches new highs. BlackRock's Bitcoin ETF pulled in $15 billion during its first quarter. State Street and Vanguard are exploring tokenized asset offerings.
Pension funds in Canada and Australia have allocated portions of their portfolios to mixed strategies. Tokenized gold represents a $2.8 billion market segment that has grown 340% since 2022.
