Bitwise Announces Results of January 2022 Month-End Crypto Index Reconstitution
San Francisco • February 1, 2022
Polkadot enters and Cosmos re-enters the Bitwise 10 Large Cap Crypto Index, replacing Algorand and Bitcoin Cash; no changes to the 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 January 31, 2022, at 4pm ET.
There were two changes to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the January 31, 2022 reconstitution: Polkadot entered and Cosmos re-entered the index, replacing Algorand and Bitcoin Cash. As of January 31, 2022, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 61.35% Bitcoin (BTC), 26.99% Ethereum (ETH), 2.96% Cardano (ADA), 2.61% Solana (SOL), 1.64% Polkadot (DOT), 1.44% Avalanche (AVAX), 1.03% Polygon (MATIC), 0.67% Cosmos (ATOM), 0.67% Chainlink (LINK), and 0.64% Litecoin (LTC).
There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the January 31, 2022 reconstitution. As of January 31, 2022, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 32.21% Uniswap (UNI), 13.89% Aave (AAVE), 13.53% Maker (MKR), 9.84% Curve (CRV), 8.79% Loopring (LRC), 5.92% Yearn.Finance (YFI), 5.21% Compound (COMP), 3.96% Bancor (BNT), 3.52% SushiSwap (SUSHI), and 3.12% 0x (ZRX).
There were two changes to the constituents of the Bitwise 10 ex Bitcoin Large Cap Crypto Index as a result of the January 31, 2022 reconstitution: Polkadot entered and Cosmos re-entered the index, replacing Algorand and Bitcoin Cash. As of January 31, 2022, at 4pm ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index held the following constituents: 69.83% Ethereum (ETH), 7.65% Cardano (ADA), 6.74% Solana (SOL), 4.24% Polkadot (DOT), 3.74% Avalanche (AVAX), 2.66% Polygon (MATIC), 1.74% Cosmos (ATOM), 1.74% Chainlink (LINK), and 1.66% Litecoin (LTC).
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 January 2022 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 January 31, 2022. As of January 31 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.86% Silvergate Capital (SI), 9.64% Coinbase Global Inc. (COIN), 9.53% MicroStrategy (MSTR), 5.09% Galaxy Digital Holdings (GLXY CN), 4.72% Hut 8 Mining (HUT CN), 4.67% Canaan (CAN), 4.62% Voyager Digital (VOYG CN), 4.36% Northern Data (NB2 GR), 4.29% HIVE Blockchain Technologies (HIVE CN), and 4.21% Marathon Digital Holdings (MARA). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.
The Bitwise Blue-Chip NFT Collections Index reconstitutes quarterly and as a result had no changes as of January 31, 2022. As of January 31, 2022, at 4pm ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 37.33% Bored Ape Yacht Club, 26.56% CryptoPunks, 15.11% Mutant Ape Yacht Club, 5.16% Cool Cats, 3.73% VeeFriends, 2.83% CyberKongz Genesis, 2.39% Meebits, 2.34% Autoglyphs, 2.32% Chromie Squiggle, and 2.23% Fidenza. The index methodology for the Bitwise Blue-Chip NFT Collections Index is available here.
About Bitwise
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For six years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 60 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco and New York. For more information, visit www.bitwiseinvestments.com.
