Source: Media Outreach
HONG KONG SAR – Media OutReach – 29 July 2022 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the launch of its 6 new cryptocurrency indexes including ixCrypto 5 Square Root (“SR”) Index, ixCrypto 5 Equal Weight (“EW”) Index, ixCrypto 10 SR Index, ixCrypto 10 EW Index, ixCrypto Altcoin 10 SR Index and ixCrypto Altcoin 10 EW Index on 5 August 2022, as an expansion to its series of crypto benchmarks to allow risk diversification and to benefit from overall market gains. For further details please refer to the table regarding comparison with flagship ixCrypto Index.ixCrypto 5 and ixCrypro 10 Indexes are designed to measure the performance of the top 5 and 10 cryptocurrencies by market capitalisation while ixCrypto Altcoin 10 is for the investors who want exposure to large cap altcoins only. Bitcoin dominance has been fallen from the high of 71.7% in 2 September 2019 to 42% (as of latest) as altcoins have grown in size rapidly and significance in the evolving world of cryptocurrencies. In response to growing investors demand for exposure to boarder crypto market and diverisification, our new equal-weighted and square root of market cap crypto indexes are offered as a diversified alternative since the majority of crypto indexes today are heavily weighted in Bitcoin and Ethereum. Square root of market cap method could prevent the distribution of the index from becoming heavily weighted towards a single crypto asset while equal weighting would provide more diversified exposure to altcoins.The 6 new cryptocurrency indexes will have a fixed number of constituents, and will be disseminated hourly for ETF and fund construction purpose viahttps://ix-index.com/ 7×24 with daily CL/OP* price at 8 a.m. Hong Kong time.For further details please refer to Appendix 1 – 3.*CL/OP is the cut-off that represents previous day closing and opening of the new dayComparison with flagship ixCrypto Index (“IXCI”)
More Weights Towards Lower Cap Coins
Enhance Portfolio Diversification
Invest Solely In Altcoins
Top 5 coins strategy
ixCrypto 5 EW Index
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ixCrypto 5 SR Index
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Top 10 coins strategy
(With Bitcoin)
ixCrypto 10 EW Index
????
????
ixCrypto 10 SR Index
????
(Without Bitcoin)
ixCrypto Altcoin 10 EW Index
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ixCrypto Altcoin 10 SR Index
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Appendix 1Comparison of the constituent weightings of each index
IndexConstituents
ixCrypto 5 EW Index
ixCrypto 5 SR Index
ixCrypto 10 EW Index
ixCrypto 10 SR Index
ixCrypto Altcoin 10 EW Index
ixCrypto Altcoin 10 SR Index
1
Bitcoin
20%
45.28%
10%
35.26%
–
–
2
Ethereum
20%
28.97%
10%
22.56%
10%
33.22%
3
XRP
20%
8.91%
10%
6.94%
10%
10.21%
4
Cardano
20%
8.65%
10%
6.74%
10%
9.92%
5
Solana
20%
8.19%
10%
6.38%
10%
9.39%
6
Avalanche
–
–
10%
4.49%
10%
6.61%
7
Polkadot
–
–
10%
4.82%
10%
7.09%
8
Dogecoin
–
–
10%
5.18%
10%
7.62%
9
Polygon
–
–
10%
3.64%
10%
5.35%
10
TRON
–
–
10%
4.00%
10%
5.88%
11
NEAR Protocol
–
–
–
–
10%
4.71%
Appendix 2ixCrypto Index Series Statistics Comparison (1/2/2021 – 19/7/2022)Index
Index Level
Performance
Standard Deviation
High
Low
3Months(%)
6Month(%)
1Year(%)
3 Months
6 Months
1 Year
ixCrypto 5EW Index
13875.81
1000
-56.05%
-63.82%
16.99%
1266.63
1698.19
3166.19
ixCrypto 5SR Index
1808.75
868.26
-27.95%
-29.77%
-11.59%
155.16
186.69
234.81
ixCrypto 10EW Index
14244.76
1000
-46.14%
-58.16%
13.61%
1553.72
2329.26
3124.19
ixCrypto 10SR Index
1926.53
898.73
-28.82%
-31.55%
-10.86%
168.87
209.38
257.72
ixCryptoAltcoin 10EW Index
14815.17
1000
-48.67%
-59.24%
17.58%
1701.88
2479.35
3211.31
ixCryptoAltcoin 10SR Index
2301.00
1000
-38.70%
-39.84%
6.88%
293.11
343.77
345.97
Appendix 3ixCrypto Indexes DisseminationReal time indexes are disseminated every 5-second interval for 7×24 since 23 June 2022. 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 vendor tickers are shown below:Index Name
Bloomberg Ticker
Reuters Ticker
ixCrypto Index
IXCI
.IXCI
ixBitcoin Index
IXCBI
.IXBI1
ixEthereum Index
IXCEI
.IXEI1
For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com.For data licensing and product, please contact us at [email protected].For free API use on academic research or trial, please contact [email protected] – Published and distributed with permission of Media-Outreach.com.
