Bitwise Announces Results of October 2021 Month-End Crypto Index Reconstitution
San Francisco • November 1, 2021
Algorand (ALGO) enters Bitwise 10 Large Cap Crypto Index, replacing Cosmos (ATOM); 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 October 29, 2021, at 4pm ET.
There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the October 29, 2021 reconstitution: Algorand (ALGR) entered the index, replacing Cosmos (ATOM). As of October 29, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 62.04% Bitcoin (BTC), 27.36% Ethereum (ETH), 3.52% Cardano (ADA), 3.18% Solana (SOL), 0.75% Chainlink (LINK), 0.71% Polygon (MATIC), 0.71% Litecoin (LTC), 0.62% Algorand (ALGO), 0.59% Bitcoin Cash (BCH), and 0.54% Uniswap (UNI).
Algorand (ALGO) was also added to 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 October 29, 2021 reconstitution. As of October 29, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 38.15% Uniswap (UNI), 16.35% Aave (AAVE), 9.01% Maker (MKR), 7.73% Curve (CRV), 7.37% Compound (COMP), 5.51% SushiSwap (SUSHI), 4.80% Yearn.Finance (YFI), 3.96% Ren (REN), 3.81% Bancor (BNT), and 3.31% 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 October 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 October 29, 2021. As of October 29 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 12.22% Galaxy Digital Holdings (GLXY CN), 10.99% Coinbase Global Inc. (COIN), 9.62% MicroStrategy (MSTR), 5.59% Silvergate Capital (SI), 5.43% Hut 8 Mining (HUT CN), 5.19% Marathon Digital Holdings (MARA), 4.23% HIVE Blockchain Technologies (HIVE CN), 4.10% Voyager Digital (VOYG CN), 3.88% Canaan (CAN), and 3.71% Bit Digital (BTBT). The index methodology for the Bitwise Crypto Innovators 30 Index of equities 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.
