IX Asia Indexes Announces The Results of the ixCrypto Index Quarterly Review (2021 Q2)

Today, IX Asia Indexes Company Limited announced the 2nd quarter review of the ixCrypto Index ("IXCI"). This is the first crypto benchmark index launched in Hong Kong.
July 09, 2021 | 16:00

HONG KONG SAR - Media OutReach - 9 July 2021 - There are three constituents' additions and no deletion. The number of the constituent cryptos will increase from 8 to 11 after the changes. The additions are as follows:

Additions: Dogecoin, Solana, VeChain

The free float adjusted market capitalization coverage is 75.33%, while the 90-day-average volume coverage is 80.06%. The constituents change and recapping at 40% will be effective on July 16, 2021 (Friday).

Since the last review, there has been a drop in the crypto total market capitalisation from USD1.88tn to USD1.42tn (-24.5%), and a fall in the daily volume from USD131bn to USD93bn (-29%). Bitcoin remains as the largest crypto in the constituent list, but its price has gone down by 39% since the last review.

"We are pleased to see the development of the IxCrypto index becoming more mature since its launch in 2018. With 11 constituents after the effective date, the index is becoming more diversified. The committee will continue to review the market development and may consider including more constituents in the coming review to bring the market capitalisation coverage back to the 80% line," said Irene Wong, Chairman of IX Asia Indexes Advisory Committee.

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

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 in the top 25 of 90-days-average-trading-volume.

Number of Constituents

Variable (8 constituents on 30 June 2021, change to 11 constituents effective on 16 July 2021)

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 in top 25 of 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

Daily, 12:00 noon (HKT)

Hourly, every:00 from 9 a.m. to 9 p.m. (HKT)

Every 15 seconds, from 9 a.m. to 9 p.m. (HKT)

Website

https://ix-index.com/

Appendix 2

Weightings of the Constituents of ixCrypto Index

Crypto

90-day-average-

volume*

90-day-average-

Market Cap

Cum. Market

Cap Coverage

Weighting (%)

After 40% Cap

1

Bitcoin

$55,296,262,518 (1)

$872,123,071,199

47.00%

40.00%

2

Ethereum

$36,592,878,351 (2)

$301,434,662,456

63.24%

36.09%

3

XRP

$9,830,843,773 (3)

$48,691,299,487

65.86%

4.64%

4

Cardano

$4,907,113,364 (7)

$46,878,754,121

68.39%

6.27%

5

Dogecoin

$9,599,836,864 (4)

$40,615,379,610

70.58%

4.91%

6

Polkadot

$2,866,606,579 (12)

$28,709,091,427

72.12%

2.23%

7

Litecoin

$5,448,641,022 (6)

$14,951,365,555

72.93%

1.38%

8

Bitcoin Cash

$4,601,945,700 (8)

$14,885,841,768

73.73%

1.41%

9

Stellar

$1,898,046,007 (14)

$10,600,140,978

74.30%

0.93%

10

Solana

$791,659,349 (22)

$9,699,314,914

74.83%

1.32%

11

VeChain

$1,781,822,876 (16)

$9,281,585,590

75.33%

0.83%

Data as of 30 June 2021 (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

ixCrypto Indexes Series Dissemination

IXCI, IXBI, and IXEI will be disseminated via the ixCrypto Index official webpage and the Nasdaq Global Index Data Service (GIDS) at a 15-second interval from 9 A.M to 9 P.M. on every Hong Kong trading days. The tickers are shown below:

Index Name

Nasdaq GIDS Ticker

ixCrypto Index

IXCI

ixBitcoin Index

IXBI

ixEthereum Index

IXEI

For vendors in Hong Kong or Mainland China, please contact IX Asia Indexes Data Services by emailing enquiry@ix-index.com to get the index for dissemination in the Greater China Region.

For global data vendors or professional users requiring a 24*7 monitored data feed, please use Nasdaq GIDS with the tickers above to get the indexes. For data vendors who currently do not carry Nasdaq GIDS, please reach Nasdaq at DataSales@Nasdaq.com directly, or fill in the Subscribe to GIDS section at https://www.nasdaq.com/solutions/global-index-data-service-gids. The sales manager of Nasdaq from the dedicated country will respond within the day.

* A testing data feed will be provided on IX Asia Indexes website for free testing or academic usage.

About IX Fintech Group and IX Asia Indexes

IX Asia Indexes Company Limited is a wholly-owned subsidiary of the IX Fintech Group. Aiming to become one of the leading index compilers in Asia, its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. As a key participant of Cyberport Hong Kong, and supporter of the University of Hong Kong ("HKU") Internship and Career Mentorship Program, IX Asia Indexes launched the first Hong Kong cryptocurrency index - ixCrypto Index together with its mentees from HKU in 2018 with growing subscription. The index platform was awarded the ETNet Fintech Award - Outstanding Crypto Index Platform (Wealth Investment & Management) 2019. ixCrypto Index is created by IX Asia Indexes and licensed to ixFintech and Nasdaq GIDS for its dissemination.

Website: https://ix-index.com/

About ixCrypto Index

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. On 1 June 2020, the hourly index was launched. 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 25, ranking by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. The daily index level is updated daily on Hong Kong trading day at the ixFintech webpage at 12:00 noon, Hong Kong time.The hourly index is available from 9am-9pm and updated at every :00 of the hour. The hourly index is available from 9 am-9 pm and updated at every :00 of the hour. The real time index is available from 9 am-9 pm and updated at every 15-second interval. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services or Nasdaq GIDS.

#ixCryptoIndex

About IX Asia Indexes Advisory Committee

To ensure the professionality and impartiality of the index methodologies and operations, ixAsia 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 twice a year to discuss matters relating to the ixAsia Indexes, including to review and to comment the data sources, methodologies, and operations of ixAsia Indexes, to provide guidance to the future development of new ixAsia Indexes and to handle other issues and decisions on an as-needed basis.

Webpage: https://ix-index.com/committee.html

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IX Asia Indexes Company Limited
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