HONG KONG SAR -
Media OutReach Newswire - 12 July 2024 - Today, IX Asia Indexes announced the 2024 2
nd quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 19
th July, 2024 (Friday). The results of the constituent review and exchange review are as follows:
1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index ("IXCI") The number of constituents will increase to 25 constituents with 4 additions and 2 deletions.
Addition- Pepe
- Render
- Hedera
- Mantle
Deletion- Stellar
- Filecoin
After the change, the free float adjusted market capitalization coverage is 81.82%*, while the 90-day-average volume is 72.44%* (excluding stable coin which has 6.35% of the total crypto universe). The constituents change above and recapping at 40% will be effective on 19 July 2024 (Friday). Since the last review, there has been an increase in the crypto total market capitalization from USD2.03tn to 2.42tn (+19.21%)
#, and a decrease in the daily volume from USD89bn to 79bn (-11.23%)
#. Bitcoin remains as the largest crypto in the constituent list, with its price has dropped by 12.74% 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- Dogecoin
Deletion- Cardano
The following constituent changes will be made to ixCrypto 10 EW Index ("IXEW10") and ixCrypto 10 SR Index ("IXSR10").
Addition- Toncoin
- Shiba Inu
Deletion- Polkadot
- Chainlink
The following constituent changes will be made to ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10").
Addition- Toncoin
- Shiba Inu
Deletion- Chainlink
- Polygon
1.3. ixCrypto BTC/ETH Indexes There has been no constituent change to ixCrypto BTC/ETH 5050 Index ("IX5050") and ixCrypto BTC/ETH Proportional Index ("IXPI") since their launch on 9
th May 2024
2. Constituent Review- IX Digital Asset Industry Index Series 2.1 ixCrypto Stablecoin Index The number of constituent will increase to 4 with 1 addition and no deletion. Stable coin comprises 6.35% of the total crypto universe, and ixCrypto Stablecoin Index covers around 99.06% of the 90-day average market capitalization in stablecoin universe.
Addition- First Digital USD
Deletion No deletion
2.2 ixCrypto Infrastructure Index The number of constituents will remain unchanged as 21 constituents, with 2 additions and 2 deletions
Addition- Toncoin
- VeChain
Deletion- Quant
- Algorand
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
- Upbit
- OKX
- Coinbase Exchange
- HTX
- DigiFinex
- Gate.io
- BitMart
- Bitget (NEW)
- P2B
For more details about our exchange selection criteria, please email
info@ix-index.com More details about the ixCrypto index, 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 30 June 2024, based on past 90 days averageAppendix 1ixCrypto 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 Q2 2024 |
| 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 24x7 |
| 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-offPrice | CumulativeMarket Coverage before Cap | Weighting... |