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Results of the ixCrypto Index Series Quarterly Review (2023 Q4) IX Digital Asset Industry Index Series Half Yearly Review (2H)

  • Written by Media Outreach
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 Series1.1. ixCrypto Index The number of constituents cryptos will decrease to 25 constituents with no addition and 3 deletions: AdditionNo addition Deletions
  1. Toncoin
  2. Arbitrum
  3. 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
  1. Solana
Deletion
  1. Dogecoin
The following constituent changes will be made to ixCrypto 10 EW Index ("IXEW10") and ixCrypto 10 SR Index ("IXSR10"). Additions
  1. Avalanche
  2. Chainlink
Deletions
  1. Polkadot
  2. Litecoin
The following constituent changes will be made to ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). Additions
  1. Avalanche
  2. Chainlink
Deletions
  1. Litecoin
  2. Toncoin
2. Constituent Review- IX Digital Asset Industry Index Series2.1. 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. AdditionNo addition DeletionNo deletion 2.2. ixCrypto Infrastructure Index The number of constituent cryptos will increase to 21 constituents with 5 additions and no deletion: Additions
  1. Optimism
  2. Mantle
  3. Injective
  4. Quant
  5. 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
  1. Binance
  2. Bitforex
  3. Upbit
    1. Bitrue
    2. DigiFinex
    3. Coinbase Exchange
    4. Huobi Global (New)
    5. OKEx
    6. Bybit
  4. BitMart
For more details about our exchange selection criteria, please email info@ix-index.com 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
Appendix 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 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 24x7
Website https://ix-index.com/
Appendix 2Weightings of the Constituents of ixCrypto Index
Crypto90-day-average- Market Cap90-day-average-volume...

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