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Results of the ixCrypto Index Series Quarterly Review (2023 Q2)

  • Written by Daily Sun

The constituents change and recapping at 40% of IXCI and ixCrypto Portfolio Indexes will be effective on July 21, 2023 (Friday) while the IXFI and IXSCI result will be effective on 1 August 2023 (Tuesday) together with all IX Digital Asset Industry Classification System ("DAICS®") Review changes. Results of the constituent review and exchange review as follows:

1. Constituent Review

1.1. ixCrypto Index

The number of constituents cryptos will change to 30 constituents with 2 additions and 5 deletions:

Additions

  1. Arbitrum
  2. The Graph
Deletion
  1. Toncoin
  2. OKB
  3. Quant
  4. EOS
  5. Flow
After the change, the free float adjusted market capitalization coverage is 77.73%*, while the 90-day-average volume coverage is 80.24%*.

1.2. ixCrypto Portfolio Indexes

There is no change to the constituents of ixCrypto 5 EW Index ("IXEW5"), ixCrypto 5 SR Index ("IXSR5"), ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). The following constituent changes will be made to ixCrypto 10 EW

Index ("IXEW10") and ixCrypto 10 SR Index ("IXSR10").

Additions
  1. TRON
Deletion
  1. Shiba Inu
Since the last review, there has been a decrease in the crypto total market capitalisation from USD1.19tn to USD1.16tn(-2.52%), and a decrease in the daily volume from USD53bn to USD36bn(-47.22%). Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 8.60% 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:

Selected Exchanges
  1. Binance
  2. Hotcoin Global
  3. Bitforex
  4. Upbit
  5. Bitrue
  6. OKX
  7. Coinbase Exchange
  8. LBank
  9. MEXC
  10. Gate.io
For more details about our exchange selection criteria, please email info@ix-index.com

More details about the IXCI and ixCrypto Portfolio Indexes, including their constituents, constituents' weight are provided in the Appendices, or refer to the website https://ix-index.com/

3. DAICS® Review

3.1. ixCrypto Stable Coin Index

IXSCI involves cryptocurrencies whose ranking in terms of 90 days average market capitalization and volume are eligible to be selected into ixCrypto Index but excluded because it is classified as stable coin under DAICS® (For more details about DAICS®, please refer to the press release named "Results of the IX Digital Asset Industry Classification System ("DAICS®") Review" which is published on 12th July, 2023) The number of constituent cryptos will change to 5 constituents with 1 addition:

Addition
  1. True USD
3.2. ixCrypto Infrastructure Index

IXFI involves cryptocurrencies that are selected in ixCrypto Index and are classified as infrastructure industry under DAICS® (For more details about DAICS®, please refer to the press release named "Results of the IX Digital Asset Industry Classification System ("DAICS®") Review" which is published on 12th July, 2023). The number of constituent cryptos will remain unchanged at 16 constituents with 2 additions and 2 deletions:

Additions
  1. Cardano
  2. Arbitum
Deletions
  1. Toncoin
  2. Quant
*exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)

Learn more: https://bit.ly/3rpSbdx
Hashtag: #ixCrypto

The issuer is solely responsible for the content of this announcement.

About IX Asia Indexes and IX Index Advisory Committee

IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 7x24 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index ("IXCI") launched in Hong Kong in December 2018, the ixCrypto index series expand into 22 indexes designed for exchange futures product, mark to market and fund managers' portfolio construction purposes. 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:

Advisory Committee:

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 Capital International 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.