Results of the ixCrypto Index Quarterly Review (2022 Q3)

By October 7, 2022The Sandbox
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IMG { cursor: pointer } HONG KONG SAR – Media OutReach – 7 October 2022 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the 2022 3rd 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 29 to 33 constituents:

Additions

  1. Shiba Inu
  2. Chainlink
  3. ApeCoin
  4. Decentraland
  5. The Sandbox
  6. Axie Infinity


Deletion

  1. Klaytn
  2. Fantom

After the change, the free float adjusted market capitalization coverage is 72.57%*, while the 90-day-average volume coverage is 86.8%*. The constituents changes above and recapping at 40% will be effective on Oct 14, 2022 (Friday).

Since the last review, there has been an increase in the crypto total market capitalisation from USD0.8tn to USD0.94tn(+17.5%), and a rise in the daily volume from USD62bn to USD70bn(+12.9%). Bitcoin remains as the largest crypto in the constituent list, with its price fell by 2.64% 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

  1. Binance
  2. Biconomy
  3. BitMart
  4. Coinbase Exchange
  5. FTX
  6. FMFW.io
  7. HitBTC
  8. OKX
  9. Upbit
  10. XT.com

For more details about our exchange selection criteria, please email info@ix-index.com

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/33 in Q4 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 $31,892,271,879 $407,207,658,635 40.46% 40.00%
2 Ethereum $17,261,367,145 $185,644,000,662 58.90% 32.67%
3 XRP $1,495,545,443 $17,854,117,145 60.68% 4.83%
4 Cardano $782,712,123 $16,326,263,583 62.30% 2.99%
5 Solana $1,145,294,294 $12,810,792,277 63.57% 2.40%
6 Dogecoin $449,720,044 $8,750,276,721 64.44% 1.61%
7 Polkadot $429,079,391 $7,953,411,263 65.23% 1.45%
8 Polygon $620,881,580 $6,689,925,871 65.89% 1.33%
9 Shiba Inu $505,924,279 $6,566,214,365 66.55% 1.22%
10 Avalanche $500,995,869 $6,135,224,130 67.16% 1.02%
11 TRON $ 443,995,844 $6,049,302,183 67.76% 1.12%
12 Ethereum Classic $1,149,282,192 $4,177,969,044 68.17% 0.76%
13 Litecoin $502,020,985 $4,016,582,512 68.57% 0.77%
14 Chainlink $459,624,346 $3,469,137,194 68.92% 0.78%
15 Cosmos $417,897,243 $3,319,798,413 69.25% 0.73%
16 NEAR Protocol $324,162,773 $3,234,201,088 69.57% 0.56%
17 Stellar $150,313,772 $2,834,141,818 69.85% 0.59%
18 Monero $107,518,371 $2,696,807,777 70.12% 0.54%
19 Bitcoin Cash $438,293,030 $2,347,940,481 70.35% 0.45%
20 Algorand $111,367,607 $2,265,173,344 70.58% 0.49%
21 FLOW $98,888,108 $2,044,784,033 70.78% 0.35%
22 VeChain $90,472,037 $1,849,609,430 70.96% 0.34%
23 Internet Computer $83,449,072 $1,721,518,724 71.13% 0.32%
24 ApeCoin $344,169,103 $1,712,092,811 71.30% 0.33%
25 Filecoin $303,258,288 $1,657,336,204 71.47% 0.34%
26 Decentraland $189,976,419 $1,599,655,978 71.63% 0.26%
27 The Sandbox $312,409,507 $1,511,598,334 71.78% 0.32%
28 Tezos $46,428,518 $1,464,049,709 71.92% 0.26%
29 Hedera $35,112,863 $1,431,477,637 72.07% 0.27%
30 EOS $361,627,321 $1,290,683,986 72.19% 0.24%
31 Axie Infinity $ 142,991,324 $1,250,291,784 72.32% 0.21%
32 Elrond $49,418,669 $1,249,741,748 72.44% 0.22%
33 Theta Network $52,663,852 $1,246,241,314 72.57% 0.22%

Data as of 30 September 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 licensing and product, please contact us at licensing@ix-index.com.

For free API use on academic research or trial, please contact enquiry@ix-index.com

Hashtag: #IXAsiaIndexes

About IX Asia Indexes and IX Index Advisory Committee

IX Asia Indexes is an award-winning index company, providing real-time digital asset and innovative indexes, disseminated 7×24 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index launched in Hong Kong in December 2018, the ixCrypto index series expand into 14 indexes with one market index, 2 single coin indexes and 11 spot price (fixing) indexes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG.

Website: https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.html

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 7X24 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. 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.

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