HONG KONG SAR –
Media OutReach – 12 January 2024 – Today, IX Asia Indexes announced the 2023 4th quarter review of ixCrypto Index Series and second-half yearly review of the IX Digital Asset Industry Series. The constituent change for ixCrypto Index Series will be effective on 19 January, 2024 (Friday), while the constituent change for IX Digital Asset Industry Index Series will be effective on 1st February 2024 (Thursday). The results of the constituent reviews and exchange review as follows:
1. Constituent Review-
ixCrypto Index Series
1.1. ixCrypto Index
The number of constituents cryptos will decrease to 25 constituents with no addition and 3 deletions:
Addition
No addition
Deletions
- Toncoin
- Arbitrum
- The Graph
After the change, the free float adjusted market capitalization coverage is 80.65%*, while the 90-day-average volume coverage is 72.37%*. The constituents change above and recapping at 40% will be effective on 19 January, 2024 (Friday).
Since the last review, there has been an increase in the crypto total market capitalisation from USD1.12tn to USD1.37tn(+22.32%)#, and an increase in the daily volume from USD29bn to USD52bn(+79.3%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 56.65% since the last review.
1.2. ixCrypto Portfolio Indexes
The following constituent changes will be made to ixCrypto 5 EW Index (“IXEW5”) and ixCrypto 5 SR Index (“IXSR5”).
Addition
- Solana
Deletion
- Dogecoin
The following constituent changes will be made to ixCrypto 10 EW Index (“IXEW10”) and ixCrypto 10 SR Index (“IXSR10”).
Additions
- Avalanche
- Chainlink
Deletions
- Polkadot
- Litecoin
The following constituent changes will be made to ixCrypto Altcoin 10 EW Index (“IXAEW10”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).
Additions
- Avalanche
- Chainlink
Deletions
- Litecoin
- Toncoin
2. Constituent Review- IX Digital Asset Industry Index Series
2.1. ixCrypto Stablecoin Index
The number of constituent cryptos will remain unchanged at 5 with no additions and deletions. Stablecoin comprises around 9% of the total crypto universe, and ixCrypto Stablecoin Index covers around 99% of the 90-day average market capitalization in stablecoin universe.
Addition
No addition
Deletion
No deletion
2.2. ixCrypto Infrastructure Index
The number of constituent cryptos will increase to 21 constituents with 5 additions and no deletion:
Additions
- Optimism
- Mantle
- Injective
- Quant
- Stacks
Deletion
No deletion
3. Exchange Review
As a result of exchange review, the selected 10 exchanges to generate each of the fair average prices for the constituents are as follows:
Selected Exchanges
- Binance
- Bitforex
-
Upbit
- Bitrue
- DigiFinex
- Coinbase Exchange
- Huobi Global (New)
- OKEx
- Bybit
- BitMart
For more details about our exchange selection criteria, please email
[email protected]
More details about the ixCrypto and IX Digital Asset indexes, including their constituents, constituents’ weight are provided in the Appendices, or refer to the website
https://ix-index.com/
*Exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)
#As of 31 December 2023, based on past 90 days average
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 within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume |
|
Number of Constituents |
Variable/25 in Q4 2023 |
|
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 within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average 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% |
|
Currency |
US Dollar |
|
Dissemination |
Every 5 seconds for 24×7 |
|
Website |
https://ix-index.com/ |
Appendix 2
Weightings of the Constituents of ixCrypto Index
|
|
Crypto |
90-day-average- Market Cap |
90-day-average-volume * |
Cut-off Price |
Cumulative Market Coverage before Cap |
Weighting (%) After 40% Cap# |
|
1 |
Bitcoin |
$710,011,290,035 |
$19,367,693,294 |
$42156.90 |
51.79% |
40.00% |
|
2 |
Ethereum |
$236,737,137,982 |
$9,424,628,572 |
$2292.07 |
69.05% |
33.60% |
|
3 |
XRP |
$31,948,997,631 |
$1,340,420,280 |
$0.62 |
71.38% |
4.10% |
|
4 |
Solana |
$22,770,795,412 |
$2,003,322,840 |
$101.85 |
73.05% |
5.33% |
|
5 |
Cardano |
$14,005,981,550 |
$469,994,712 |
$0.60 |
74.07% |
2.60% |
|
6 |
Dogecoin |
$10,988,845,782 |
$578,851,817 |
$0.09 |
74.87% |
1.57% |
|
7 |
TRON |
$8,760,525,471 |
$237,178,712 |
$0.11 |
75.51% |
1.14% |
|
8 |
Avalanche |
$7,801,976,492 |
$740,076,270 |
$39.39 |
76.08% |
1.76% |
|
9 |
Chainlink |
$7,071,116,040 |
$613,315,798 |
$15.19 |
76.59% |
1.05% |
|
10 |
Polygon |
$6,920,000,454 |
$487,737,725 |
$0.95 |
77.10% |
1.11% |
|
11 |
Polkadot |
$6,903,950,598 |
$263,533,355 |
$8.37 |
77.60% |
1.29% |
|
12 |
Litecoin |
$5,150,264,718 |
$320,082,788 |
$73.31 |
77.98% |
0.66% |
|
13 |
Shiba Inu |
$5,048,284,547 |
$194,677,616 |
$0.00 |
78.34% |
0.75% |
|
14 |
Bitcoin Cash |
$4,601,694,983 |
$213,579,774 |
$271.10 |
78.68% |
0.65% |
|
15 |
Cosmos |
$3,335,223,311 |
$168,983,140 |
$10.77 |
78.92% |
0.50% |
|
16 |
Stellar |
$3,331,773,012 |
$93,364,735 |
$0.13 |
79.17% |
0.46% |
|
17 |
Uniswap |
$3,144,136,184 |
$149,548,886 |
$7.38 |
79.40% |
0.54% |
|
18 |
Monero |
$3,029,095,797 |
$83,125,749 |
$165.77 |
79.62% |
0.37% |
|
19 |
Ethereum Classic |
$2,667,372,047 |
$202,205,146 |
$22.28 |
79.81% |
0.39% |
|
20 |
Hedera |
$2,107,917,566 |
$68,617,065 |
$0.09 |
79.96% |
0.36% |
|
21 |
Filecoin |
$2,070,533,478 |
$175,084,363 |
$6.03 |
80.12% |
0.36% |
|
22 |
Aptos |
$1,935,966,688 |
$172,487,660 |
$9.43 |
80.26% |
0.35% |
|
23 |
NEAR Protocol |
$1,861,794,659 |
$190,992,369 |
$3.67 |
80.39% |
0.45% |
|
24 |
Lido DAO |
$1,859,249,152 |
$85,722,300 |
$2.73 |
80.53% |
0.30% |
|
25 |
VeChain |
$1,674,521,972 |
$51,867,907 |
$0.04 |
80.65% |
0.31% |
As of 31 December 2023
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.
Appendix 3
Weightings of the Constituents of ixCrypto Portfolio Indexes
|
|
Index Constituents |
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% |
46.08% |
10.00% |
36.49% |
– |
– |
|
2 |
Ethereum |
20% |
26.62% |
10.00% |
21.08% |
10.00% |
31.16% |
|
3 |
XRP |
20% |
9.30% |
10.00% |
7.37% |
10.00% |
10.89% |
|
4 |
Solana |
20% |
10.60% |
10.00% |
8.40% |
10.00% |
12.41% |
|
5 |
Cardano |
20% |
7.40% |
10.00% |
5.86% |
10.00% |
8.66% |
|
6 |
Dogecoin |
– |
– |
10.00% |
4.55% |
10.00% |
6.73% |
|
7 |
TRON |
– |
– |
10.00% |
3.89% |
10.00% |
5.74% |
|
8 |
Avalanche |
– |
– |
10.00% |
4.82% |
10.00% |
7.12% |
|
9 |
Chainlink |
– |
– |
10.00% |
3.72% |
10.00% |
5.52% |
|
10 |
Polygon |
– |
– |
10.00% |
3.82% |
10.00% |
5.67% |
|
11 |
Polkadot |
– |
– |
– |
– |
10.00% |
6.10% |
Appendix 4
Weightings of the Constituents of ixCrypto Infrastructure Index
|
|
Crypto |
90-day-average- Market Cap |
90-day-average-volume * |
Cut-off Price |
Cumulative
Market Coverage before Cap |
Weighting (%) After 40% Cap# |
|
1 |
Ethereum |
$236,737,137,982 |
$9,424,628,572 |
$2,292.07 |
17.27% |
40.00% |
|
2 |
Solana |
$22,770,795,412 |
$2,003,322,840 |
$101.85 |
18.93% |
16.89% |
|
3 |
Cardano |
$14,005,981,550 |
$469,994,712 |
$0.60 |
19.95% |
8.23% |
|
4 |
TRON |
$8,760,525,471 |
$237,178,712 |
$0.11 |
20.59% |
3.62% |
|
5 |
Avalanche |
$7,801,976,492 |
$740,076,270 |
$39.39 |
21.16% |
5.56% |
|
6 |
Chainlink |
$7,071,116,040 |
$613,315,798 |
$15.19 |
21.67% |
3.34% |
|
7 |
Polygon |
$6,920,000,454 |
$487,737,725 |
$0.95 |
22.18% |
3.52% |
|
8 |
Polkadot |
$6,903,950,598 |
$263,533,355 |
$8.37 |
22.68% |
4.08% |
|
9 |
Cosmos |
$3,335,223,311 |
$168,983,140 |
$10.77 |
22.92% |
1.58% |
|
10 |
Ethereum Classic |
$2,667,372,047 |
$202,205,146 |
$22.28 |
23.12% |
1.25% |
|
11 |
Internet Computer |
$2,284,576,037 |
$84,453,328 |
$12.33 |
23.29% |
2.16% |
|
12 |
Hedera |
$2,107,917,566 |
$68,617,065 |
$0.09 |
23.44% |
1.13% |
|
13 |
Aptos |
$1,935,966,688 |
$172,487,660 |
$9.43 |
23.58% |
1.12% |
|
14 |
NEAR Protocol |
$1,861,794,659 |
$190,992,369 |
$3.67 |
23.72% |
1.43% |
|
15 |
Optimism |
$1,641,812,480 |
$220,651,044 |
$3.61 |
23.84% |
1.27% |
|
16 |
Mantle |
$1,541,937,073 |
$145,611,363 |
$37.30 |
23.95% |
1.21% |
|
17 |
Injective |
$1,493,815,785 |
$72,879,360 |
$0.66 |
24.06% |
0.80% |
|
18 |
Arbitrum |
$1,336,333,548 |
$355,443,156 |
$1.49 |
24.16% |
0.73% |
|
19 |
Quant |
$1,248,483,215 |
$22,847,122 |
$148.19 |
24.25% |
0.69% |
|
20 |
Stacks |
$1,135,450,189 |
$74,825,217 |
$1.42 |
24.33% |
0.69% |
|
21 |
Algorand |
$1,131,121,797 |
$71,420,860 |
$0.22 |
24.41% |
0.70% |
As of 31 December 2023
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.
Appendix 5
Weightings of the Constituents of ixCrypto Stablecoin Index
|
|
Crypto |
90-day-average- Market Cap |
90-day-average-volume * |
Cut-off price |
Cumulative
Market Coverage before Cap |
Weighting (%) After 40% Cap# |
|
1 |
Tether |
$87,250,306,750 |
$38,211,613,854 |
$1.000381 |
6.36% |
40.00% |
|
2 |
USD Coin |
$24,756,716,120 |
$4,457,537,147 |
$1.000330 |
8.17% |
40.00% |
|
3 |
Dai |
$5,347,448,437 |
$209,697,160 |
$0.999455 |
8.56% |
12.34% |
|
4 |
TrueUSD |
$3,074,324,303 |
$254,793,910 |
$0.999975 |
8.78% |
5.33% |
|
5 |
Binance USD |
$1,746,648,191 |
$395,060,115 |
$1.000236 |
8.91% |
2.33% |
As of 31 December 2023
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.
Appendix 6
ixCrypto Indexes Dissemination
Real time indexes are disseminated every 5-second interval for 24×7 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 or subscribe to LinkedIn: IX Asia Indexes
For data licensing and product, please contact us at
[email protected].
For free API use on academic research or trial, please contact
[email protected]
Hashtag: #ixCrypto
The issuer is solely responsible for the content of this announcement.
