Bitwise Announces Results of January 2023 Month-End Crypto Index Reconstitution
San Francisco • February 1, 2023
Cosmos (ATOM) re-enters the Bitwise 10 Large Cap Crypto Index and the Bitwise 10 ex Bitcoin Large Cap Crypto Index; SushiSwap (SUSHI) re-enters 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, 2023, at 4 p.m. ET.
The Bitwise 10 Large Cap Crypto Index had the following changes as a result of the January 31, 2023 reconstitution: Cosmos (ATOM) re-entered the index and Chainlink (LINK) exited. As of January 31, 2023 at 4 p.m. ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 63.76% Bitcoin (BTC), 27.40% Ethereum (ETH), 1.95% Cardano (ADA), 1.40% Polygon (MATIC), 1.28% Solana (SOL), 1.08% Polkadot (DOT), 0.97% Litecoin (LTC), 0.90% Avalanche (AVAX), 0.71% Uniswap (UNI), and 0.56% Cosmos (ATOM).
The Bitwise Decentralized Finance Crypto Index had the following changes as a result of the January 31, 2023 reconstitution: Sushiswap (SUSHI) re-entered the index and Balancer (BAL) exited. As of January 31, 2023 at 4 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 44.92% Uniswap (UNI), 16.32% Lido DAO (LDO), 10.67% Aave (AAVE), 6.51% Curve DAO Token (CRV), 5.31% Maker (MKR), 3.93% Convex Finance (CVX), 3.92% Loopring (LRC), 3.47% Compound (COMP), 2.54% Sushiswap (SUSHI), and 2.40% Yearn Finance (YFI).
The Bitwise 10 ex Bitcoin Large Cap Crypto Index had the following changes as a result of the January 31, 2023 reconstitution: Cosmos (ATOM) re-entered the index and Chainlink (LINK) exited. As of January 31, 2023 at 4 p.m. ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index held the following constituents: 75.59% Ethereum (ETH), 5.39% Cardano (ADA), 3.86% Polygon (MATIC), 3.52% Solana (SOL), 2.98% Polkadot (DOT), 2.67% Litecoin (LTC), 2.49% Avalanche (AVAX), 1.96% Uniswap (UNI), and 1.54% Cosmos (ATOM).
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 2023 Bitwise Crypto Index Committee meeting are publicly available here.
The Ball Multicoin Bitwise Metaverse Index reconstitutes in February, May, August, and November, and as a result had no changes as a result of the January 31, 2023 reconstitution. As of January 31, 2023, at 4 p.m. ET, the Ball Multicoin Bitwise Metaverse Index had 25 constituents. The following were the 10 largest constituents of the Ball Multicoin Bitwise Metaverse Index: 12.00% Polygon (MATIC), 9.30% Ethereum (ETH), 7.84% Filecoin (FIL), 6.93% Solana (SOL), 5.46% Render (RNDR), 5.32% The Graph (GRT), 5.22% Chainlink (LINK), 5.16% Arweave (AR), 5.02% Uniswap (UNI), and 4.89% Avalanche (AVAX). The index methodology for the Ball Multicoin Bitwise Metaverse Index is available here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and as a result had no changes as a result of the January 31, 2023 reconstitution. As of January 31, 2023 at 4 p.m. ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 9.95% Coinbase Global Inc. (COIN), 9.86% MicroStrategy (MSTR), 9.76% Galaxy Digital Holdings (GLXY CN), 5.70% Hut 8 Mining (HUT), 5.63% Hive Blockchain Technologies (HIVE), 5.36% Applied Blockchain (APLD), 5.30% Bitfarms (BITF), 4.61% Riot Blockchain (RIOT), 4.53% Northern Data (NB2 GR), and 4.37% Canaan Inc. (CAN). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.
The Bitwise Web3 Equities Index reconstitutes quarterly and as a result had no changes as a result of the January 31, 2023 reconstitution. As of January 31, 2023 at 4 p.m. ET, the following were the 10 largest constituents of the Bitwise Web3 Equities Index: 9.22% Coinbase Global (COIN), 9.06% Meta Platforms (META), 8.22% Roblox Corp (RBLX), 8.02% Equinix (EQIX), 6.52% Unity Software (U), 5.06% Square (SQ), 4.62% Cloudflare (NET), 4.40% Robinhood (HOOD), 4.40% Take-Two Interactive Software (TTWO), and 4.11% Electronic Arts (EA). The index methodology for the Bitwise Web3 Equities Index is available here.
The Bitwise Blue-Chip NFT Collections Index reconstitutes quarterly and as a result had no changes as a result of the January 31, 2023 reconstitution. As of January 31, 2023 at 4 p.m. ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 31.74% Bored Ape Yacht Club, 28.45% CryptoPunks, 13.01% Mutant Ape Yacht Club, 5.91% Azuki, 5.49% Chromie Squiggle, 4.33% CloneX, 3.25% Moonbirds, 2.82% Doodles, 2.76% Meebits, and 2.24% VeeFriends. 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.
