The 2 indexes are designed for cryptocurrencies inexperienced persons for his or her first information and first funding in cryptocurrencies. The ixCrypto 50/50 and ixCrypto Proportional are developed on Bitcoin (BTC) and Ethereum (ETH) solely and needs to be extra acceptable for retail buyers attributable to their dominance in market capitalization and quantity within the crypto market. Primarily based on IXAI’s 2024 Q1 assessment consequence, Bitcoin along with Ethereum comprised 68.87% and 56.68% of whole market capitalization and quantity respectively. IXAI launches the brand new indexes that cater to not solely buyers’ demand, but additionally regulators’ course, which choose retail to take a position solely in Bitcoin and Ethereum slightly than a broader vary of cryptocurrencies.
The 2 new indexes present benchmarking worth (to trace the efficiency of Bitcoin and Ethereum) and facilitate ETF issuers and fund managers for the creation of index monitoring funds. ixCrypto 50/50 Index is a two-constituent index with equal weight on ixCrypto Bitcoin Index (IXBI) and ixCrypto Ethereum Index (IXEI), whereas ixCrypto Proportional Index is a two-constituent index with weight based on the market capitalization of Bitcoin and Ethereum with respect to their aggregated whole market capitalization at 74.97% and 25.03% respectively (Appendix 1). The 2 new indexes primarily based on historic long-term returns outperformed the cryptocurrency market and BTC considerably attributable to their greater weighting on ETH, whereas can also obtain threat diversification (Appendix 2).
Appendix 1
Constituent Weightings of
ixCrypto BTC/ETH 50/50 Index and Proportional Index
90-day-average Crypto Market Cap | 90-day-average Crypto Volume | Index Stage* | Cumulative Market Cap Protection | Weight in BTC/ETH 50/50 | Weight in BTC/ETH Proportional | |
IXBI | $1,048,001,688,171 | $34,255,641,195 | 16833.37 | 51.63% | 50.00% | 74.97% |
IXEI | $349,874,454,279 | $16,226,856,611 | 30077.54 | 68.87% | 50.00% | 25.03% |
* On 31 March 2024
Correlation of IXBI and IXEI
1 – Month | 3 – Month | 6 – Month | 1 – Yr | 3 – Yr | 5 – Yr | Since Inception | YTD | |
Correlation | 0.8892 | 0.8005 | 0.7663 | 0.7922 | 0.8248 | 0.7974 | 0.7954 | 0.8006 |
As of 31 March 2024
Appendix 2
Statistics Comparability of ixCrypto Index Sequence
Index | Efficiency | Customary Deviation
(Month-to-month Return) |
Reward-to-Danger Ratio* | ||||||
1 Yr (%) | 3 Years (%) | Since Inception (%) |
1 Yr (%) | 3 Years (%) | Since Inception (%) |
1 Yr | 3 Years | Since Inception |
|
IXCI | 119.43 | 35.77 | 1258.94 | 45.21 | 120.88 | 173.37 | 2.64 | 0.30 | 7.26 |
IXBI | 148.18 | 18.28 | 1583.34 | 50.95 | 117.85 | 171.17 | 2.91 | 0.16 | 9.25 |
IXEI | 95.17 | 89.64 | 2907.75 | 44.94 | 139.54 | 209.81 | 2.12 | 0.64 | 13.86 |
BTC/ETH 50/50 | 111.37 | 55.89 | 2245.55 | 46.43 | 126.25 | 178.19 | 2.40 | 0.44 | 12.60 |
BTC/ETH Proportional | 123.71 | 27.20 | 1700.37 | 48.39 | 122.59 | 172.80 | 2.56 | 0.22 | 9.84 |
As of 31 March 2024
* Reward-to-Danger Ratio: Efficiency of Index Return / Customary Deviation of Index Return
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About IX Asia Indexes and IX Index Advisory Committee
IX Capital Worldwide Restricted is an award-winning index and funding advisory firm. The index enterprise arm- IX Asia Indexes, offering real-time digital asset and modern indexes, disseminated 24×7 globally and constructed on sturdy infrastructure. Because the launch of the primary crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index sequence broaden into 27 indexes designed for trade futures product, mark to market and fund managers’ portfolio building functions. To make sure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with illustration from totally different industries, together with fund administration, exchanges, brokerage, monetary blockchain consultants, crypto service suppliers, and so forth. The committee will meet quarterly a 12 months to debate issues referring to the IX Asia Indexes, together with to assessment and to remark the information sources, methodologies, and operations of IX Asia Indexes, to supply steering to the longer term growth of recent IX Asia Indexes and to deal with different points and choices on an as-needed foundation.
IX Asia Indexes was awarded the Fintech Award (wealth funding and administration) 2019 and 2021 organised by ETNet. It as properly gained an award for Startup of the Yr and Fundamental Expertise (Large Knowledge) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It additionally gained Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes accomplished its IOSCO compliance assertion and obtained ISO/IEC 27001:2013 UKAS certification.
Web site: https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.html
About IX Crypto Indexes
The ixCrypto index (“IXCI”) is the primary crypto index launched in Hong Kong. It was launched on 12 December 2018. It’s denominated in USD with a base worth of 1000 and a base date on 3 December 2018. Designed to be straightforward to know whereas offering a superb illustration of the crypto market, ixCrypto index goals to cowl the highest 80% of the cumulative free-float adjusted market capitalization within the crypto universe and, on the similar time, the crypto currencies ought to fall throughout the high liquid cryptos ranked by buying and selling quantity within the 90 days previous the assessment date. The index is to be reviewed quarterly and with a quick entry rule. Actual time indexes are disseminated each 5-second for twenty-four×7 since 23 June 2022. Actual time index knowledge along with ixBitcoin Index and ixEthereum Index will be obtained from IX Capital Worldwide Knowledge Providers. For IXCI, IXBI and IXEI, the indexes are additionally out there by means of Nasdaq World Index Knowledge Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval stored at 15-second unchanged.