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
Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers, offering both index and active strategies across a wide array of investment vehicles. The firm is known for creating the world’s largest crypto index fund (OTCQX: BITW), a suite of crypto-focused equity and futures ETFs, and investment products that span Bitcoin, Ethereum, DeFi, NFTs, and the Metaverse. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.
