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IX Asia Indexes Announces the Results of the ixCrypto Index Quarterly Review (2021 Q2)

HONG KONG
SAR – Media OutReach – 9 July 2021 – Today, IX Asia Indexes Company Limited announced the 2nd
quarter review of the ixCrypto Index (“IXCI”). This is the first crypto
benchmark index launched in Hong Kong. 

 

There are three constituents’ additions and no deletion. The
number of the constituent cryptos will increase from 8 to 11 after the changes.
The additions are as follows:

 

Additions:           Dogecoin,
Solana, VeChain

 

The free
float adjusted market capitalization coverage is 75.33%, while the
90-day-average volume coverage is 80.06%. The constituents change and recapping
at 40% will be effective on July 16, 2021 (Friday).

 

Since the
last review, there has been a drop in the crypto total market capitalisation
from USD1.88tn to USD1.42tn (-24.5%), and a fall in the daily volume from USD131bn to
USD93bn (-29%). Bitcoin remains as the largest crypto in the constituent list, but
its price has gone down by 39% since the last review.

 

“We are
pleased to see the development of the IxCrypto index becoming more mature since
its launch in 2018. With 11 constituents after the effective date, the index is
becoming more diversified. The committee will continue to review the market
development and may consider including more constituents in the coming review
to bring the market capitalisation coverage back to the 80% line,”
said Irene Wong, Chairman of IX
Asia Indexes Advisory Committee.

 

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
(8 constituents on 30 June 2021, change to 11 constituents effective on 16
July 2021)

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

$55,296,262,518 (1)

$872,123,071,199

47.00%

40.00%

2

Ethereum

$36,592,878,351 (2)

$301,434,662,456

63.24%

36.09%

3

XRP

$9,830,843,773 (3)

$48,691,299,487

65.86%

4.64%

4

Cardano

$4,907,113,364 (7)

$46,878,754,121

68.39%

6.27%

5

Dogecoin

$9,599,836,864 (4)

$40,615,379,610

70.58%

4.91%

6

Polkadot

$2,866,606,579 (12)

$28,709,091,427

72.12%

2.23%

7

Litecoin

$5,448,641,022 (6)

$14,951,365,555

72.93%

1.38%

8

Bitcoin Cash

$4,601,945,700 (8)

$14,885,841,768

73.73%

1.41%

9

Stellar

$1,898,046,007 (14)

$10,600,140,978

74.30%

0.93%

10

Solana

$791,659,349 (22)

$9,699,314,914

74.83%

1.32%

11

VeChain

$1,781,822,876 (16)

$9,281,585,590

75.33%

0.83%

    Data as of 30 June 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

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 enquiry@ix-index.com to get
the index for dissemination in the Greater China Region.

 

For global
data vendors or professional users requiring a 24*7 monitored data feed, please
use Nasdaq GIDS with the tickers above to get the indexes. For data vendors who
currently do not carry Nasdaq GIDS, please reach Nasdaq at DataSales@Nasdaq.com directly, or fill
in the Subscribe to GIDS section at
https://www.nasdaq.com/solutions/global-index-data-service-gids. The sales
manager of Nasdaq from the dedicated country will respond within the day.

 

* A
testing data feed will be provided on IX Asia Indexes website for free testing
or academic usage.


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