Bitwise Announces Results of September 2021 Month-End Crypto Index Reconstitution
October 06, 2021 at 17:05 PM EDT
Cosmos (ATOM) enters Bitwise 10 Large Cap Crypto Index, replacing Stellar (XLM); Robinhood (HOOD) replaces Nexon (3659: Tokyo) in Bitwise Crypto Innovators 30 Index; no changes to Bitwise Decentralized Finance Crypto 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 September 30, 2021, at 4pm ET.
There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the September 30, 2021 reconstitution: Cosmos (ATOM) entered the index, replacing Stellar (XLM). As of September 30, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 61.39% Bitcoin (BTC), 26.38% Ethereum (ETH), 5.05% Cardano (ADA), 3.10% Solana (SOL), 0.80% Chainlink (LINK), 0.76% Litecoin (LTC), 0.70% Bitcoin Cash (BCH), 0.69% Uniswap (UNI), 0.58% Cosmos (ATOM), and 0.56% Polygon (MATIC).
There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the September 30, 2021 reconstitution. As of September 30, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 40.78% Uniswap (UNI), 16.01% Aave (AAVE), 9.99% Maker (MKR), 7.52% Compound (COMP), 5.60% SushiSwap (SUSHI), 4.71% Yearn.Finance (YFI), 4.34% Curve (CRV), 4.23% Ren (REN), 3.55% Bancor (BNT), and 3.28% 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 September 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 September 17, 2021, Robinhood (HOOD) replaced Nexon (3659: Tokyo) as a constituent of the index.
As of September 30, 2021 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.26% Coinbase Global Inc. (COIN), 10.19% MicroStrategy (MSTR), 9.66% Galaxy Digital Holdings (GLXY CN), 5.41% Silvergate Capital (SI), 4.94% Northern Data AG (NB2 GR), 4.62% Argo Blockchain (ARB LN), 4.46% Hut 8 Mining (HUT CN), 4.22% Riot Blockchain (RIOT), 4.19% Hive Blockchain Tech (HIVE CN), and 4.11% Marathon Digital Holdings (MARA). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.
About Bitwise Asset Management
Based in San Francisco, Bitwise is one of the largest and fastest-growing cryptoasset managers. As of September 30, 2021, Bitwise managed over $1.1 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