Bitwise Announces Results of December 2021 Month-End Crypto Index Reconstitution
January 03, 2022 at 21:24 PM EST
Avalanche enters Bitwise 10 Large Cap Crypto Index, replacing Uniswap; Loopring re-enters the Bitwise Decentralized Financial Crypto Index, replacing Ren; Bakkt Holdings, Iris Energy, Greenidge Generation Holdings and BIT Mining replace Ebang International Holdings, BIGG Digital Assets, EQONEX and Arcane Crypto in Bitwise Crypto Innovators 30 Index.
Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management, today announced the results of the monthly reconstitution of the Bitwise Crypto Indexes, which took place on December 31, 2021, at 4pm ET.
There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the December 31, 2021 reconstitution: Avalanche entered the index, replacing Uniswap. As of December 31, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 58.69% Bitcoin (BTC), 29.33% Ethereum (ETH), 3.52% Solana (SOL), 2.98% Cardano (ADA), 1.76% Avalanche (AVAX), 1.19% Polygon (MATIC), 0.71% Algorand (ALGO), 0.68% Litecoin (LTC), 0.60% Chainlink (LINK), and 0.54% Bitcoin Cash (BCH).
There was one change to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the December 31, 2021 reconstitution: Loopring re-entered the index, replacing Ren. As of December 31, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 31.32% Uniswap (UNI), 14.95% Aave (AAVE), 11.65% Loopring (LRC), 10.09% Maker (MKR), 9.95% Curve (CRV), 5.43% Compound (COMP), 5.30% SushiSwap (SUSHI), 5.08% Yearn.Finance (YFI), 3.30% Bancor (BNT), and 2.93% 0x (ZRX).
The Bitwise Crypto Indexes are reconstituted on a monthly basis according to the rules of the Bitwise Crypto Index Methodology as applied by the Bitwise Crypto Index Committee. Minutes of the December 2021 Bitwise Crypto Index Committee meeting are publicly available here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly on the third Friday of the last month of each quarter. As a result of this reconstitution, on December 17, 2021, Bakkt Holdings, Iris Energy, Greenidge Generation Holdings and BIT Mining replaced Ebang International Holdings, BIGG Digital Assets, EQONEX and Arcane Crypto as constituents of the index. As of December 31, 2021 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.71% Coinbase Global Inc. (COIN), 10.17% Silvergate Capital (SI), 9.73% MicroStrategy (MSTR), 4.86% Voyager Digital (VOYG CN), 4.67% Galaxy Digital Holdings (GLXY CN), 4.28% Hut 8 Mining (HUT CN), 4.06% Northern Data AG (NB2 GR), 4.00% Marathon Digital Holdings (MARA), 3.96% Riot Blockchain (RIOT), and 3.89% Hive Blockchain Tech (HIVE CN). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.
The Bitwise Blue-Chip NFT Collections Index of NFTs reconstitutes quarterly on the last business day of each quarter. As the index initially launched on December 14, 2021, there are no new entrants or changes to constituents of the index. As of December 31, 2021, at 4pm ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 32.69% CryptoPunks, 30.67% Bored Ape Yacht Club, 10.27% Mutant Ape Yacht Club, 4.90% VeeFriends, 4.52% Cool Cats, 3.93% Autoglyphs, 3.88% Fidenza, 3.30% Chromie Squiggle, 3.12% Meebits, and 2.71% CyberKongz Genesis. The index methodology for the Bitwise Blue-Chip NFT Collections Index is available here.
About Bitwise Asset Management
Based in San Francisco, Bitwise is one of the largest and fastest-growing cryptoasset managers. As of December 31, 2021, Bitwise managed over $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning bitcoin, ethereum, DeFi and crypto-focused equity indexes. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Facebook and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Street Journal.
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Frank Taylor/Ryan Dicovitsky