Bitwise Announces Results of November 2021 Month-End Crypto Index Reconstitution
December 01, 2021 at 23:24 PM EST
No changes to the Bitwise 10 Large Cap Crypto Index or 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 November 30, 2021, at 4pm ET.
There were no changes to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the November 30, 2021 reconstitution. As of November 30, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 59.60% Bitcoin (BTC), 30.21% Ethereum (ETH), 3.52% Solana (SOL), 2.86% Cardano (ADA), 0.80% Litecoin (LTC), 0.68% Polygon (MATIC), 0.66% Chainlink (LINK), 0.62% Algorand (ALGO), 0.59% Bitcoin Cash (BCH), and 0.47% Uniswap (UNI).
There were no changes to the constituents of the Bitwise 10 ex Bitcoin Crypto Index, which holds the same constituents as the Bitwise 10 Crypto Index, excluding bitcoin.
There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the November 30, 2021 reconstitution. As of November 30, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 35.81% Uniswap (UNI), 14.30% Aave (AAVE), 12.85% Maker (MKR), 8.90% Curve (CRV), 7.18% Compound (COMP), 4.58% Yearn.Finance (YFI), 4.26% 0x (ZRX), 4.16% SushiSwap (SUSHI), 4.14% Bancor (BNT), and 3.82% Ren (REN).
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 November 2021 Bitwise Crypto Index Committee meeting are publicly available here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and as a result had no changes as of November 30, 2021. As of November 30 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.54% Galaxy Digital Holdings (GLXY CN), 10.53% Coinbase Global Inc. (COIN), 9.42% MicroStrategy (MSTR), 7.10% Silvergate Capital (SI), 5.26% Northern Data (NB2 GR), 4.94% Bitfarms (BITF), 4.93% Marathon Digital Holdings (MARA), 4.78% Hut 8 Mining (HUT CN), 4.54% Riot Blockchain (RIOT), and 4.39% HIVE Blockchain Technologies (HIVE CN). 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 crypto asset managers. As of November 30, 2021, Bitwise managed over $1.6 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