HONG KONG SAR – Media OutReach – 15 July 2022 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the 2022 2nd quarter review of the ixCrypto Index (“IXCI”) with results of the constituent review and exchange review as follows:
Constituent Review
The number of constituent cryptos will be increased from the current 19 to 29 constituents:
Additions
- Ethereum Classic
- Elrond
- EOS
- Filecoin
- Flow
- Klaytn
- Monero
- Tezos
- Theta Network
- VeChain
Deletion
No deletion
After the change, the free float adjusted market capitalization coverage is 74.08%*, while the 90-day-average volume coverage is 78.17%*. The constituents changes above and recapping at 40% will be effective on July 22, 2022 (Friday).
Since the last review, there has been a decrease in the crypto total market capitalisation from USD2.16tn to USD0.8tn(-63.0%), and a drop in the daily volume from USD113bn to USD62bn(-45.1%). Bitcoin remains as the largest crypto in the constituent list, with its price fell by 57.28% since the last review.
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
- BitMart
- Bitrue
- Coinbase Exchange
- DigiFinex
- FTX
- HitBTC
- Hotcoin Global
- OKX
- Upbit
Removal of Terra classic from Spot Price Index
The launch of the Spot Price Index series is to provide a single USD equivalent price for the market at every 5-second interval real-time, for the most representable coins in the world. Following the significant market cap reduction of Terra Classic since Terra (UST) de-peg incident in mid-May, Terra Classic will be replaced by Avalanche, the next top coin ranked by 90 days average market cap. For the purpose to reflect a fair and representative valuation of cryptos, each disseminated spot price is an average price of the coin in at most 10 exchanges.
For more details about our exchange selection criteria, please email [email protected]
More details about the ixCrypto Index, including its 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
| 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/29 in Q3 2022 |
| 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%, or a 40%/ 30%/ 20% step cap under extreme conditions |
| Currency | US Dollar |
| Dissemination | Every 5 seconds for 7×24 |
| Website | https://ix-index.com/ |
Appendix 2
Weightings of the Constituents of ixCrypto Index
| Crypto | 90-day-average-volume * | 90-day-average- Market Cap | Cummulative Market Coverage before Cap | Weighting (%) After 40% Cap | |
| 1 | Bitcoin | $31,302,332,439 | $621,375,928,720 | 42.85% | 40.00% |
| 2 | Ethereum | $18,505,138,397 | $269,745,495,743 | 61.45% | 33.32% |
| 3 | XRP | $1,684,677,152 | $25,161,456,645 | 63.19% | 3.97% |
| 4 | Cardano | $1,125,438,918 | $23,595,542,378 | 64.81% | 3.93% |
| 5 | Solana | $1,782,940,319 | $22,743,900,365 | 66.38% | 2.90% |
| 6 | Dogecoin | $1,029,337,212 | $13,712,514,261 | 67.33% | 2.30% |
| 7 | Polkadot | $739,409,553 | $12,662,267,600 | 68.20% | 1.73% |
| 8 | Avalanche | $782,029,937 | $12,363,143,941 | 69.05% | 1.24% |
| 9 | Polygon | $608,679,431 | $7,093,769,035 | 69.54% | 0.99% |
| 10 | TRON | $1,275,795,478 | $6,874,345,369 | 70.02% | 1.50% |
| 11 | NEAR Protocol | $788,220,357 | $ 6,200,215,557 | 70.44% | 0.62% |
| 12 | Litecoin | $727,608,811 | $ 5,689,275,447 | 70.84% | 0.94% |
| 13 | Bitcoin Cash | $3,181,275,699 | $ 4,390,544,264 | 71.14% | 0.50% |
| 14 | Cosmos | $427,677,512 | $ 4,334,119,024 | 71.44% | 0.53% |
| 15 | Stellar | $255,675,181 | $ 3,891,295,038 | 71.71% | 0.69% |
| 16 | Algorand | $198,699,397 | $ 3,614,114,591 | 71.96% | 0.52% |
| 17 | Ethereum Classic | $518,525,190 | $ 3,544,354,575 | 72.20% | 0.51% |
| 18 | Monero | $196,955,986 | $ 3,425,708,259 | 72.44% | 0.54% |
| 19 | VeChain | $228,635,755 | $2,721,116,004 | 72.62% | 0.41% |
| 20 | Hedera | $55,457,324 | $2,600,759,866 | 72.80% | 0.34% |
| 21 | Internet Computer | $151,264,075 | $2,506,425,164 | 72.98% | 0.33% |
| 22 | Filecoin | $359,429,932 | $2,432,843,775 | … |
Read More:Results of the ixCrypto Index Quarterly Review (2022 Q2) | Macau Business
