Results of the ixCrypto Index Quarterly Review (2022 Q2)

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

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/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

73.14%

0.31%

23

Elrond

$99,516,201

$2,331,467,386

73.31%

0.28%

24

Flow

$78,994,250

$2,164,781,357

73.45%

0.40%

25

Tezos

$94,637,188

$2,064,430,928

73.60%

0.33%

26

Theta Network

$157,335,505

$2,009,113,830

73.74%

0.31%

27

Klaytn

$72,678,355

$1,681,557,442

73.85%

0.17%

28

EOS

$407,362,020

$1,674,706,522

73.97%

0.23%

29

Fantom

$386,866,689

$1,668,771,518

74.08%

0.17%

Data as of 30 June 2022 (HKT)
* 90-day-average-volume ranking in total market is shown in the parentheses
* For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website

Appendix 3
ixCrypto Indexes Dissemination
Real time indexes are disseminated every 5-second interval for 7×24 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.
The vendor tickers are shown below:

Index Name

Bloomberg Ticker

Reuters Ticker

ixCrypto Index

IXCI

.IXCI

ixBitcoin Index

IXCBI

.IXBI1

ixEthereum Index

IXCEI

.IXEI1

For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage
https://ix-index.com.
For data licnesning and product, please contact us at
[email protected].
For free API use on academic research or trial, please contact
[email protected]

Hashtag: #IXAsiaIndexes #ixCryptoIndex

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