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Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2023 Q1)

  • Written by Media Outreach
HONG KONG SAR - Media OutReach - 21 April 2023 - Today, IX Asia Indexes Company Limited ("IX Asia Indexes") announced the 2023 1st quarter review of the ixCrypto Index ("IXCI") and ixCrypto Portfolio Indexes with results of the constituent review and exchange review as follows: 1. Constituent Review1.1. ixCrypto Index The number of constituent cryptos will remain unchanged as 33 constituents with 4 additions and 4 deletions: Additions
  1. Uniswap
  2. OKB
  3. Lido DAO
  4. Aptos
Deletion
  1. MultiversX
  2. Chiliz
  3. Tezos
  4. Chain
After the change, the free float adjusted market capitalization coverage is 74.74%*, while the 90-day-average volume coverage is 80.25%*. The constituents changes above and recapping at 40% will be effective on Apr 21, 2023 (Friday). 1.2. ixCrypto Portfolio Indexes There is no change to the constituents of ixCrypto 5 EW Index ("IXEW5"), ixCrypto 5 SR Index ("IXSR5"), ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). The following constituent changes will be made to ixCrypto 10 EW Index ("IXEW10") and ixCrypto 10 SR Index ("IXSR10"). Additions
  1. Litecoin
Deletion
  1. TRON
Since the last review, there has been an increase in the crypto total market capitalisation from USD0.79tn to USD1.19tn(+50.6%), and a rise in the daily volume from USD27bn to USD53bn(+96.3%). Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 69.36% since the last review. 2. 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
  1. Binance
  2. Hotcoin Global
  3. Upbit
  4. Coinbase Exchange
  5. OKX
  6. Bitrue
  7. LBank
  8. MEXC
  9. HitBTC
  10. FMFW.io
For more details about our exchange selection criteria, please email info@ix-index.com More details about the ixCrypto Index and ixCrypto Portfolio 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)
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 within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume
Number of Constituents Variable/33 in Q1 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 7x24
Website https://ix-index.com/
Appendix 2
Weightings of the Constituents of ixCrypto Index
Crypto90-day-average-volume *90-day-average- Market CapCummulative Market Coverage before CapWeighting (%) After 40% Cap#
1 Bitcoin $25,449,278,424 $438,829,053,191 42.52% 40.00%
2 Ethereum $8,278,216,577 $193,453,028,055 61.26% 35.99%
3 XRP $1,184,409,602 $19,974,181,780 63.20% 4.53%
4 Cardano $376,012,796 $12,200,894,622 64.38% 2.15%
5 Dogecoin $507,613,579 $10,661,852,583 65.41% 1.69%
6 Polygon $555,379,442 $9,781,509,059 66.36% 1.63%
7...

Read more: Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2023 Q1)