Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2024 Q1)
- Written by Media Outreach
1. Constituent Review – ixCrypto Index Series
1.1 ixCrypto Index The number of constituents cryptos will decrease to 23 constituents with 2 additions and 4 deletions.
Additions
- Toncoin
- Internet Computer
- Monero
- Hedera
- Lido DAO
- VeChain
Since the last review, there has been an increase in the crypto total market capitalization from USD1.37tn to USD2.03tn (+48.05%)#, and an increase in the daily volume from USD52bn to USD89bn(+70.97%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 65.20% since the last review.
1.2 ixCrypto Portfolio Indexes There's no constituent change to ixCrypto 5 EW Index ("IXEW5") and ixCrypto 5 SR Index ("IXSR5").
Addition No addition
Deletion No deletion
The following constituent changes will be made to ixCrypto 10 EW Index ("IXEW10") and ixCrypto 10 SR Index ("IXSR10").
Addition
- Polkadot
- Polygon
Addition No addition
Deletion No deletion
1.3 ixCrypto Stablecoin Index The number of constituent cryptos will decrease to 3 with no additions and 2 deletions. Stablecoin comprises 6.64% of the total crypto universe, and ixCrypto Stablecoin Index covers around 97.48% of the 90-day average market capitalization in stablecoin universe.
Addition No addition
Deletions 1. True USD 2. BUSD
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
- Binance
- Upbit
- Bitrue
- DigiFinex
- Coinbase Exchange
- Huobi Global
- OKX
- P2PB2B (New)
- Gate.io (New)
- BitMart
More details about the ixCrypto index, including their 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)
#As of 31 March 2024, based on past 90 days average
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/23 in Q1 2024 |
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% |
Currency | US Dollar |
Dissemination | Every 5 seconds for 24x7 |
Website | https://ix-index.com/ |
Weightings of the Constituents of ixCrypto Index
Crypto | 90-day-average- Market Cap | 90-day-average-volume * | Cut-off Price | Cumulative Market Coverage before Cap | Weighting (%) After 40% Cap# | |
1 | Bitcoin | $1,369,892,136,469 | $17,130,241,883 | $69,645.31 | 51.63% | 40.00% |
2 | Ethereum | $421,201,618,786 | $9,389,066,783 | $3,507.94 | 68.87% | 33.16% |
3 | Solana | $86,381,585,800 | $2,999,311,846 | $194.39 | 71.52% | 6.80% |
4 | XRP | $34,165,159,479 | $1,042,947,263 | $0.62 | 73.07% | 2.69% |
5 | Cardano | $22,931,580,978 | $401,576,882 | $0.64 | 74.11% | 1.81% |
6 | Dogecoin | $28,652,694,245 | $2,403,795,719 | $0.20 | 74.90% | 2.26% |
7 | Avalanche | $20,003,992,981 | $370,817,943 | $53.00 | 75.65% | 1.58% |
8 | TRON | $10,756,642,376 | $236,560,785 | $0.12 | 76.18% | 0.85% |
9 | Polkadot | $13,470,870,728 | $173,787,689 | $9.43 | 76.71% | 1.06% |
10 | Chainlink | $11,121,452,631 | $299,629,003 | $18.94 | 77.22% | 0.88% |
11 | Shiba Inu | $17,597,376,638 | $712,109,187 | $0.00 | 77.69% | 1.39% |
12 | Toncoin | $18,244,778,890 | $178,324,742 | $5.26 | 78.15% | 1.44% |
13 | Polygon | $9,713,655,454 | $280,872,821 | $0.98 | 78.60% | 0.76% |
14 | Bitcoin Cash | $11,753,575,672 | $648,865,139 | $597.11 | 78.91% | 0.93% |
15 | Internet Computer | $8,260,958,843 | $240,356,456 | $17.90 | 79.21% | 0.65% |
16 | Litecoin | $7,650,079,353 | $729,886,796 | $102.86 | 79.49% | 0.60% |
17 | Uniswap | $7,554,174,607 | $120,951,795 | $12.62 | 79.76% | 0.59% |
18 | NEAR Protocol | $7,312,370,081 | $267,604,886 | $6.94 | 79.98% | 0.58% |
19 | Cosmos | $4,796,249,922 | $163,542,832 | $12.27 | 80.18% | 0.38% |
20 | Ethereum Classic | $4,817,832,809 | $229,532,049 | $32.93 | 80.38% | 0.38% |
21 | Aptos | $6,606,298,820 | $210,896,475 | $16.63 | 80.58% | 0.52% |
22 | Filecoin | $5,005,364,209 | $289,518,374 | $9.44 | 80.76% | 0.39% |
23 | Stellar | $4,012,959,227 | $91,989,525 | $0.14 | 80.94% | 0.30% |
Appendix 3
Weightings of the Constituents of ixCrypto Portfolio Indexes
Index Constituents | ixCrypto 5 EW Index | ixCrypto 5 SR Index | ixCrypto 10 EW Index | ixCrypto 10 SR Index | ixCrypto Altcoin 10 EW Index | ixCrypto Altcoin 10 SR Index | |
1 | Bitcoin | 20% | 47.78% | 10.00% | 37.93% | - | - |
2 | Ethereum | 20% | 26.49% | 10.00% | 21.03% | 10.00% | 32.23% |
3 | Solana | 20% | 12.00% | 10.00% | 9.53% | 10.00% | 14.60% |
4 | XRP | 20% | 7.55% | 10.00% | 5.99% | 10.00% | 9.18% |
5 | Cardano | 20% | 6.18% | 10.00% | 4.91% | 10.00% | 7.52% |
6 | Dogecoin | - | - | 10.00% | 5.49% | 10.00% | 8.41% |
7 | Avalanche | - | - | 10.00% | 4.58% | 10.00% | 7.02% |
8 | TRON | - | - | 10.00% | 3.36% | 10.00% | 5.15% |
9 | Polkadot | - | - | 10.00% | 3.76% | 10.00% | 5.76% |
10 | Chainlink | - | - | 10.00% | 3.42% | 10.00% | 5.24% |
11 | Polygon | - | - | - | - | 10.00% | 4.89% |
Weightings of the Constituents of ixCrypto Stablecoin Indexes
Crypto | 90-day-average- Market Cap | 90-day-average- volume | Cut-off Price | Cumulative Market Coverage before Cap | Weighting (%) After 40% Cap | |
1 |
Tether
USDt |
$98,057,424,593 | $64,125,609,077 | $1.00 | 4.83% | 40.00% |
2 | USDC | $28,053,479,547 | $7,215,847,406 | $1.00 | 6.21% | 40.00% |
3 | Dai | $5,347,919,100 | $318,999,728 | $1.00 | 6.48% | 20.00% |
ixCrypto Indexes Dissemination Real time indexes are disseminated every 5-second interval for 24x7 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 |
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