Source: Media Outreach
HONG KONG SAR – Media OutReach – 8 April 2022 – Today, IX Asia Indexes Company Limited announced the 1st quarter review of the ixCrypto Index (“IXCI”). This is the first crypto benchmark index launched in Hong Kong.The number of constituent cryptos will be increased from the current 11 to 19 constituents from effective date of the review, in light of decreasing dominance of Bitcoin and emergence of more diversed market landscape. The changes are as follows:Additions1. Algorand2. Avalanche3. Cosmos4. Fantom5. Internet Computer6. NEAR Protocol7. Stellar8. TronDeletionN/AThe free float adjusted market capitalization coverage is 74.23%, while the 90-day-average volume coverage is 71.94%. The constituents change and recapping at 40% will be effective on April 19, 2022 (Tuesday) due to Easter break.Since the last review, there has been a decrease in the crypto total market capitalisation from USD2.47tn to USD2.16tn (-12.6%), and a drop in the daily volume from USD114bn to USD113bn (-0.9%). Bitcoin remains as the largest crypto in the constituent list, with its price edged down by 0.2% 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/For further enquiries, please contact:Irene WONG +852 3595 3638[email protected]Surina HUI +852 3595 3638[email protected]Appendix 1ixCrypto 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/19 in Q2 2022
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
Every 5 seconds, from 9 a.m. to 9 p.m. (HKT)
Website
https://ix-index.com/
Appendix 2Weightings of the Constituents of ixCrypto Index
Crypto
90-day-average-volume *
90-day-average- Market Cap
Cummulative Market Coverage before Cap
Weighting (%) After 40% Cap
1
Bitcoin
$26,998,951,275 (1)
$783,081,899,958
41.52%
40.00%
2
Ethereum
$14,895,513,851 (2)
$351,469,654,072
60.15%
34.52%
3
XRP
$2,256,334,379 (5)
$36,223,120,503
62.07%
3.52%
4
Cardano
$1,577,294,786 (8)
$35,756,108,414
63.96%
3.41%
5
Solana
$2,206,903,181 (6)
$34,277,454,884
65.78%
3.33%
6
Terra
$2,482,079,723 (4)
$27,692,464,047
67.25%
3.19%
7
Avalanche
$1,184,614,942 (11)
$20,579,466,806
68.34%
2.17%
8
Polkadot
$1,201,613,018 (10)
$20,400,629,194
69.42%
1.88%
9
Dogecoin
$856,605,587 (15)
$18,766,806,764
70.42%
1.61%
10
Polygon
$430,988,076 (20)
$13,031,651,220
71.11%
1.10%
11
Cosmos
$720,929,221 (16)
$8,443,250,245
71.56%
0.73%
12
Litecoin
$907,689,282(14)
$8,414,374,373
72.00%
0.78%
13
NEAR Protocol
$1,209,129,004(9)
$7,783,537,940
72.41%
0.79%
14
Algorand
$1,008,991,434(13)
$6,606,445,444
72.77%
0.52%
15
Tron
$4,375,196,957(3)
$6,505,554,686
73.11%
0.63%
16
Bitcoin Cash
$699,903,225(17)
$6,327,823,838
73.45%
0.61%
17
Stellar
$301,252,290(26)
$5,340,337,017
73.73%
0.49%
18
Fantom
$350,544,946(22)
$4,986,410,806
73.99%
0.30%
19
Internet Computer
$340,051,675(23)
$4,457,264,201
74.23%
0.40%
Data as of 31 March 2022 (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 websiteAppendix 3ixCrypto Indexes DisseminationIX Crypto Indexes are disseminated from 9 A.M. to 9 P.M. at a 5-second interval on every Hong Kong business day. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged. The tickers are shown below:Index Name
Nasdaq GIDS Ticker
ixCrypto Index
IXCI
ixBitcoin Index
IXBI
ixEthereum Index
IXEI
For further information about ixCrypto Index and other available indexes, please visit https://ix-index.com.If you are interested in licensing, obtaining product specification and/or sample data files, please contact us at [email protected]. For dissemination of our index as vendors, please contact [email protected]IX Asia Indexes offers API access for investors, researchers, or others interested in high-quality crypto index data. We provide API token authentication for API access. For more details, please contact [email protected] – Published and distributed with permission of Media-Outreach.com.
