IX Asia Indexes Announces 2024 First Quarter Crypto Index Review

IX Asia Indexes announces the 2024 Q1 review of ixCrypto Index (IXCI), ixCrypto Portfolio Indexes, and ixCrypto Stablecoin Index (IXSCI). Constituent changes take effect on 19th April 2024. For IXCI, the number of constituents decreases to 23, adding Toncoin and Internet Computer while removing Monero, Hedera, Lido DAO, and VeChain. Coverage remains at 80.94% of free float-adjusted market capitalization and 73.25% of 90-day average volume. IXEW5 and IXSR5 remain unchanged. IXEW10 and IXSR10 add Polkadot and remove Polygon. IXAEW5 and IXASR10 have no changes. IXSCI removes True USD and BUSD, resulting in three constituents. The fair average price exchanges list has been revised, adding P2PB2B and Gate.io.

IX Asia Indexes Announces 2024 First Quarter Review of Crypto Indexes

Hong Kong, China – April 12, 2024 – IX Asia Indexes, a leading provider of real-time digital asset and innovative indexes, has today announced the results of the 2024 first quarter review of its ixCrypto Index ("IXCI"), ixCrypto Portfolio Indexes, and ixCrypto Stablecoin Index (IXSCI). The constituent changes will become effective on April 19, 2024 (Friday).

Constituent Review – ixCrypto Index Series

ixCrypto Index (IXCI)

The number of constituent cryptocurrencies in IXCI will decrease to 23, with two additions and four deletions.

Additions:

• Toncoin
• Internet Computer

Deletions:

• Monero
• Hedera
• Lido DAO
• VeChain

After the change, IXCI's free float-adjusted market capitalization coverage will be 80.94%, while its 90-day average volume coverage will be 73.25% (excluding stablecoins, which have a 6.48% market capitalization coverage). The constituent changes will be effective on April 19, 2024 (Friday).

ixCrypto Portfolio Indexes

There are no constituent changes to ixCrypto 5 Equal Weight Index ("IXEW5") and ixCrypto 5 Sharpe Ratio Index ("IXSR5").

The following constituent changes will be made to ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Sharpe Ratio Index ("IXSR10"):

Addition:

• Polkadot

Deletion:

• Polygon

There are no constituent changes to ixCrypto Altcoin 10 Equal Weight Index ("IXAEW5") and ixCrypto Altcoin 10 Sharpe Ratio Index ("IXASR10").

ixCrypto Stablecoin Index (IXSCI)

The number of constituent cryptocurrencies in IXSCI will decrease to three, with no additions and two deletions. Stablecoins comprise 6.64% of the total crypto universe, and IXSCI covers around 97.48% of the 90-day average market capitalization in the stablecoin universe.

Additions:

• None

Deletions:

• True USD
• BUSD

Exchange Review

As a result of the exchange review, the 10 exchanges selected to generate each of the fair average prices for the constituents are:

Selected Exchanges:

1. Binance
2. Upbit
3. Bitrue
4. DigiFinex
5. Coinbase Exchange
6. Huobi Global
7. OKX
8. P2PB2B (New)
9. Gate.io (New)
10. BitMart

Index Methodologies and Operations

To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established an index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, and crypto service providers. The committee meets quarterly to discuss matters relating to the IX Asia Indexes, including reviewing data sources, methodologies, and operations, providing guidance on the development of new indexes, and handling other issues as needed.

About IX Asia Indexes

IX Capital International Limited is an award-winning index and investment advisory company. Its index business arm, IX Asia Indexes, provides real-time digital asset and innovative indexes, disseminated globally 24x7 and built on robust infrastructure. Since the launch of its first crypto benchmark index, IXCI, in Hong Kong in December 2018, the ixCrypto index series has expanded to include 27 indexes designed for exchange futures products, mark-to-market operations, and fund managers' portfolio construction purposes.

IX Asia Indexes has been awarded the Fintech Award (Wealth Investment and Management) in 2019 and 2021 by ETNet. It also won an award for Startup of the Year and Basic Technology (Big Data) from the Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. Additionally, it won the Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes has completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification.

About IX Crypto Indexes

The ixCrypto Index (IXCI) was the first crypto index launched in Hong Kong. It was launched on December 12, 2018, in USD with a base value of 1000 and a base date of December 3, 2018. Designed to be easy to understand while providing a good representation of the crypto market, IXCI aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe. The cryptos included in the index should also fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is reviewed quarterly and features a fast entry rule.

Real-time indexes are disseminated every five seconds 24x7 since June 23, 2022. Real-time index data, together with ixBitcoin Index and ixEthereum Index, can be obtained from IX Asia Indexes Data Services. IXCI, IXBI, and IXEI are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI," "IXBI," and "IXEI," and their dissemination interval remains unchanged at 15 seconds.