ixCrypto 5 SR Index; IXCrypto 5 EW index;
ixCrypto 10 SR Index; IXCrypto 10 EW index;
ixCrypto Altcoin 10 SR Index; ixCrypto Altcoin 10 EW Index
Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the launch of its 6 new cryptocurrency indices, including the ixCrypto 5 Square Root (“SR”) Index, the ixCrypto 5 Index Equal Weight (“EW”), the ixCrypto 10 SR Index, the ixCrypto 10 EW Index, the ixCrypto Altcoin 10 SR Index and the ixCrypto Altcoin 10 EW Index on August 5, 2022, as an extension of its series of crypto benchmarks to enable risk diversification and benefit from overall market gains. For more details, please refer to the table regarding the comparison with the flagship index ixCrypto.
The ixCrypto 5 and ixCrypro 10 indices are designed to measure the performance of the top 5 and 10 cryptocurrencies by market capitalization, while ixCrypto Altcoin 10 is intended for investors who want exposure only to large-cap altcoins. Bitcoin dominance has fallen from a peak of 71.7% on September 2, 2019 to 42% (latest), as altcoins have rapidly grown in size and importance in the evolving world of cryptocurrencies. In response to growing investor demand for exposure to the crypto frontier market and diversification, our new equal weighted and square root market capitalization crypto indices are offered as a diversified alternative since the majority of crypto indices today are heavily weighted in Bitcoin and Ethereum today. The square root of market capitalization method could prevent the index distribution from becoming heavily weighted towards a single crypto asset, while an equal weighting would provide more diversified exposure to altcoins.
The 6 new cryptocurrency indices will have a fixed number of constituents and will be released hourly for ETF and fund construction purposes via
https://ix-index.com/ 7×24 with daily price CL/OP* at 8:00 a.m. Hong Kong time.
For the press release: https://rb.gy/hhdat1