Source: Media Outreach
HONG KONG SAR – Media OutReach – 15 January 2022 – Today, IX Asia Indexes Company Limited announced the 4th quarter review of the ixCrypto Index (“IXCI”). This is the first crypto benchmark index launched in Hong Kong.
The number of constituent cryptos remains unchanged at 11 constituents after the
review. The free float adjusted market capitalization coverage is 74.25%, while the 90-day-average volume coverage is 60.36%. The constituents change and recapping at 40% will be effective on January 21, 2021 (Friday).
Since the last review, there has been an increase in the crypto total market capitalisation from USD1.92tn to USD2.47tn (+28.7%), and a jump in the daily volume from USD89bn to USD114bn (+28.1%). Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 13.51% since the last review.
More details about the ixCrypto Index, including its constituents and constituents’ weight, are provided in the Appendices, or refer to the website https://ix-index.com/
Appendix 1
ixCrypto Index (“IXCI”)
Universe
All crypto coins traded in at least two different exchanges around the world
Selection Criteria
Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and in the top 25 of 90-days-average-trading-volume.
Number of Constituents
Variable/11 currently
Launch Date
12th December 2018
Base Date
3rd December 2018
Base Value
1,000
Reconstitution Rule
If the coverage is below 75% or any of constituents is not in top 25 of trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening.
Reconstitution and Rebalancing Frequency
Quarterly and with a fast entry rule
Weighting Methodology
Free float adjusted market capitalization weighted with a cap of 40%, or a 40%/ 30%/ 20% step cap under extreme conditions
Currency
US Dollar
Dissemination
Daily, 12:00 noon (HKT)
Hourly, every :00 from 9 a.m. to 9 p.m. (HKT)
Every 15 seconds, from 9 a.m. to 9 p.m. (HKT)
Website
https://ix-index.com/
Appendix 2
Weightings of the Constituents of ixCrypto Index
Crypto
90-day-average-volume *
90-day-average- Market Cap
Cum. Market Cap Coverage
Weighting (%) After 40% Cap
1
Bitcoin
$34,261,894,952(1)
$1,058,276,139,597
42.81%
40.00%
2
Ethereum
$19,254,692,827(2)
$486,370,080,281
62.49%
37.97%
3
Cardano
$2,844,562,296(4)
$59,628,610,659
64.90%
3.92%
4
Solana
$2,410,071,328(5)
$58,921,883,120
67.29%
4.60%
5
XRP
$3,464,184,431(3)
$48,252,013,509
69.24%
3.43%
6
Polkadot
$1,657,811,965(13)
36,888,146,868
70.73%
2.34%
7
Dogecoin
$1,744,384,827(12)
$29,473,927,826
71.92%
1.95%
8
Terra
$1,161,172,352(14)
21,326,080,247
72.79%
2.64%
9
Litecoin
$1,779,081,549(11)
$12,989,934,623
73.31%
0.88%
10
Polygon
$510,175,053(22)
$12,758,554,249
73.83%
1.57%
11
Bitcoin Cash
$124,107,118(44)
$10,494,495,073
74.25%
0.70%
Data as of 31 December 2021 (HKT)
* 90-day-average-volume ranking in total market is shown in the parentheses
* For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website
Appendix 3
ixCrypto Indexes Series Dissemination
IXCI, IXBI, and IXEI will be disseminated via the ixCrypto Index official webpage and the Nasdaq Global Index Data Service (GIDS) at a 15-second interval from 9 A.M to 9 P.M. on every Hong Kong trading days. The tickers are shown below:
Index Name
Nasdaq GIDS Ticker
ixCrypto Index
IXCI
ixBitcoin Index
IXBI
ixEthereum Index
IXEI
For vendors in Hong Kong or Mainland China, please contact IX Asia Indexes Data Services by emailing [email protected] to get the index for dissemination in the Greater China Region.
The issuer is solely responsible for the content of this announcement. – Published and distributed with permission of Media-Outreach.com.
