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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:
Additions
1. Algorand
2. Avalanche
3. Cosmos
4. Fantom
5. Internet Computer
6. NEAR Protocol
7. Stellar
8. Tron
Deletion
N/A
The 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 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/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 2
Weightings 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 website
Appendix 3
ixCrypto Indexes Dissemination
IX 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]
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