Results of the ixCrypto Index Series Quarterly Review (2025 Q1)
- Written by Media Outreach
1. Constituent Review – ixCrypto Index Series
1.1 ixCrypto Index ("IXCI") The number of constituents will decrease to 18 constituents with 1 addition and 2 deletions.
Addition
- Hedera
- Pepe
- Near Protocol
Since the last review, there has been an increase in the crypto total market capitalization from USD2.89tn to USD3.14tn (+8.65%)#, and a decrease in the daily volume from USD152.20bn to USD122.17bn (-19.73%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has decreased by 11.13% since the last review.
1.2. ixCrypto Portfolio Indexes 1.2.1 ixCrypto 5 Equal Weight Index ("IXEW5") and ixCrypto 5 Square Root Index ("IXSR5")
Additions No addition
Deletions No deletion
1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10").
Additions
- Chainlink
- Stellar
- Toncoin
- Shiba Inu
Additions
- Stellar
- Sui
- Toncoin
- Shiba Inu
As of 31st March 2025, the market capitalization represented by the two indexes IXBI and IXEI in ixCrypto BTC/ETH Proportional Index ("IXPI") was 56.20%/43.80% respectively.
The new weight of IXBI and IXEI within the IXPI will be adjusted back to approximately 88.23/11.77% (estimated using 31st March 2025 prices) to restore their relative weight in the cryptocurrencies market at the effective date.
2. Constituent Review- IX Digital Asset Industry Index Series
2.1 ixCrypto Stablecoin Index
The number of constituents will decrease to 4 with no addition and 1 deletion. Stablecoin comprises 6.65% of the total crypto universe, and ixCrypto Stablecoin Index covers around 98.64% of the 90-day average market capitalization in stablecoin universe.
Addition No addition
Deletion
- First Digital USD
The number of constituents will remain unchanged at 23 with no addition and no deletion.
Additions No addition
Deletion No deletion
3. Exchange Review
As a result of exchange review, 8 exchanges passed the review process, which are as follows:
- Binance
- Bybit
- Coinbase Advanced
- OKEX
- Gate.io
- Bitrue
- Bitget
- Whitebit
- Upbit
- DigiFinex
For more details about our exchange selection criteria, please email info@ix-index.com
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 31st March 2025, 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/18 in Q1 2025 |
| 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
(On Bloomberg, Reuters and major information vendors) |
| Website | https://ix-index.com/ |
Appendix 2
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 | $ 1,853,706,299,098 | $ 44,335,293,590 | 82334.52 | 59.07% | 40.00% |
| 2 | Ethereum | $ 324,029,915,475 | $ 23,391,114,110 | 1806.22 | 69.39% | 23.56% |
| 3 | XRP | $ 147,586,504,307 | $ 7,512,441,885 | 2.14 | 74.09% | 13.44% |
| 4 | Solana | $ 88,521,847,638 | $ 5,227,247,283 | 124.64 | 76.91% | 6.90% |
| 5 | Dogecoin | $ 39,041,680,047 | $ 2,512,936,991 | 0.17 | 78.16% | 2.67% |
| 6 | Cardano | $ 29,530,840,898 | $ 1,400,106,794 | 0.66 | 79.10% | 2.52% |
| 7 | TRON | $ 21,041,656,451 | $ 756,877,826 | 0.23 | 79.77% | 2.38% |
| 8 | Chainlink | $ 11,988,550,347 | $ 677,353,909 | 13.39 | 80.15% | 0.95% |
| 9 | Avalanche | $ 11,437,915,217 | $ 449,968,255 | 18.86 | 80.52% | 0.85% |
| 10 | Stellar | $ 10,666,634,081 | $ 502,743,927 | 0.27 | 80.86% | 0.89% |
| 11 | Sui | $ 10,563,860,585 | $ 1,259,649,871 | 2.35 | 81.19% | 0.81% |
| 12 | Toncoin | $ 10,373,541,695 | $ 206,364,392 | 3.90 | 81.52% | 1.05% |
| 13 | Hedera | $ 9,897,358,921 | $ 538,624,996 | 0.17 | 81.84% | 0.77% |
| 14 | Shiba Inu | $ 9,851,176,835 | $ 382,240,482 | 0.00 | 82.15% | 0.79% |
| 15 | Polkadot | $ 8,309,611,370 | $ 273,561,329 | 4.04 | 82.42% | 0.68% |
| 16 | Litecoin | $ 8,265,200,782 | $ 965,042,550 | 86.00 | 82.68% | 0.70% |
| 17 | Bitcoin Cash | $ 7,375,185,883 | $ 342,182,940 | 298.85 | 82.92% | 0.64% |
| 18 | Uniswap | $ 5,914,239,713 | $ 251,139,351 | 5.87 | 83.10% | 0.40% |
* 90-day-average-volume ranking in total market is shown in the parentheses # Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume. For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website 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 | 20.00% | 50.97% | 10.00% | 41.48% | - | - |
| 2 | Ethereum | 20.00% | 18.62% | 10.00% | 15.15% | 10.00% | 24.71% |
| 3 | XRP | 20.00% | 14.06% | 10.00% | 11.44% | 10.00% | 18.66% |
| 4 | Solana | 20.00% | 10.08% | 10.00% | 8.20% | 10.00% | 13.37% |
| 5 | Dogecoin | 20.00% | 6.27% | 10.00% | 5.10% | 10.00% | 8.32% |
| 6 | Cardano | - | - | 10.00% | 4.95% | 10.00% | 8.08% |
| 7 | TRON | - | - | 10.00% | 4.81% | 10.00% | 7.85% |
| 8 | Chainlink | - | - | 10.00% | 3.04% | 10.00% | 4.96% |
| 9 | Avalanche | - | - | 10.00% | 2.88% | 10.00% | 4.68% |
| 10 | Stellar | - | - | 10.00% | 2.95% | 10.00% | 4.80% |
| 11 | Sui | - | - | - | - | 10.00% | 4.57% |
Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index
| 90-day-average Crypto Market Cap | 90-day-average Crypto Volume | Index Level | CumulativeMarket Cap Coverage | Weight in BTC/ETH 50/50 | Weight in BTC/ETH Proportional | |
| IXBI | $ 1,853,706,299,098 | $ 44,335,293,590 | 19871.37 | 59.07% | 50.00% | 88.23% |
| IXEI | $ 324,029,915,475 | $ 23,391,114,110 | 15484.61 | 69.39% | 50.00% | 11.77% |
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 | $ 140,886,211,125 | $96,063,792,876 | $1.00 | 4.49% | 40.00% |
| 2 | USDC | $ 54,040,686,289 | $9,493,000,348 | $1.00 | 6.21% | 40.00% |
| 3 | Ethena USDe | $ 5,731,179,447 | $102,739,821 | $1.00 | 6.39% | 9.89% |
| 4 | Dai | $ 5,365,464,578 | $ 1,731,621,623 | $1.00 | 6.56% | 10.11% |
Appendix 6
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 | |
| Real-time | Delayed | ||
| ixCrypto Index | IXCI | IXCI2 | .IXCI |
| ixBitcoin Index | IXCBI | IXCBI2 | .IXBI1 |
| ixEthereum Index | IXCEI | IXCEI2 | .IXEI1 |
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: #IXAsia #ixCryptoIndex
The issuer is solely responsible for the content of this announcement.
