Results of the ixCrypto Index Quarterly Review (2022 Q3)
- Written by Media Outreach
Constituent Review
The number of constituent cryptos will be increased from the current 29 to 33 constituents:
Additions
- Shiba Inu
- Chainlink
- ApeCoin
- Decentraland
- The Sandbox
- Axie Infinity
- Klaytn
- Fantom
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
- Binance
- Biconomy
- BitMart
- Coinbase Exchange
- FTX
- FMFW.io
- HitBTC
- OKX
- Upbit
- XT.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)
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 7x24 |
| Website | https://ix-index.com/ |
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 7x24 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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