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Results of the ixCrypto Index Series Quarterly Review (2023 Q3)

  • Written by Media Outreach
HONG KONG SAR - Media OutReach - 13 October 2023 - Today, IX Asia Indexes announced the 2023 3rd quarter review of the ixCrypto Index ("IXCI") and ixCrypto Portfolio Indexes. The constituent changes and recapping at 40% of IXCI and ixCrypto Portfolio Indexes will be effective on 20th October 2023 (Friday). Results of the constituent review and exchange review as follows: 1. Constituent Review1.1. ixCrypto Index The number of constituents cryptos will change to 28 constituents with 1 addition and 3 deletions: Addition
  1. Toncoin
Deletions
  1. ApeCoin
  2. Internet Computer
  3. Algorand
After the change, the free float adjusted market capitalization coverage is 79.26%*, while the 90-day-average volume coverage is 79.78%*. The changes to the constituents will be effective on Oct 20, 2023 (Friday). 1.2. ixCrypto Portfolio Indexes There were no changes to the following indexes:
  1. ixCrypto 5 EW Index ("IXEW5")
  2. ixCrypto 5 SR Index ("IXSR5")
  3. ixCrypto 10 EW Index ("IXEW10")
  4. ixCrypto 10 SR Index ("IXSR10")
There was one addition and one deletion to the following indexes:
  1. ixCrypto Altcoin 10 EW Index ("IXAEW10")
  2. ixCrypto Altcoin 10 SR Index ("IXASR10").
Addition
  1. Toncoin
Deletion
  1. Shiba Inu
Since the last review, there has been a decrease in the crypto total market capitalisation from USD1.16tn to USD1.08tn (-6.90%), and a rise in the daily volume from USD36bn to USD43bn (+19.44%). Bitcoin remains as the largest crypto in the constituent list, with its price dropping 11.61% 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: 10 Selected Exchanges^
  1. Binance
  2. BitForex
  3. Upbit
  4. Bitrue
  5. Hotcoin Global
  6. DigiFinex (New)
  7. Coinbase Exchange
  8. OKX
  9. Bybit (New)
  10. Bitmart (New)
The following exchanges were removed: LBank, MEXC, Gate.io. For more details about our exchange selection criteria, please email info@ix-index.com For more comprehensive information about the IXCI and ixCrypto Portfolio Indexes, including details about the constituents and their weights, please refer to the Appendices, or refer to the website https://ix-index.com/ for further information. * Exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020).^The exchanges are arranged in descending order based on their average trading volume over the past 90 days.
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 (28 in Q3 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
Currency US Dollar
Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40%
Dissemination Every 5 seconds for 7x24
Websitehttps://ix-index.com/
Appendix 2
Weightings of the Constituents of ixCrypto Index
Crypto90-day-average-volume *90-day-average- Market CapCumulative Market Coverage before CapWeighting (%) After 40% Cap#
1 Bitcoin $12,701,868,809 $546,289,809,230 48.73% 40.00%
2 Ethereum $5,252,942,546 $211,355,671,805 67.58% 37.09%
3 XRP $1,362,949,458 $30,436,472,145 70.30% 5.14%
4 Cardano $200,920,040 $9,764,591,270 71.17% 1.62%
5 Dogecoin $329,480,217 $9,487,844,348 72.01% 1.62%
6 Solana $408,785,348 $8,874,448,344 72.81% 1.55%
7 TRON $179,993,097...

Read more: Results of the ixCrypto Index Series Quarterly Review (2023 Q3)