Bitwise Announces Results of September 2022 Month-End Crypto Index Reconstitution
San Francisco • October 6, 2022
Uniswap (UNI) re-enters the Bitwise 10 Large Cap Crypto Index; Visa (V) enters the Bitwise Crypto 30 Innovators Index; 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 September 30, 2022, at 4 p.m. ET.
There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the September 30, 2022 reconstitution: Uniswap re-entered the index, replacing Litecoin. As of September 30, 2022, at 4 p.m. ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 62.99% Bitcoin (BTC), 27.25% Ethereum (ETH), 2.46% Cardano (ADA), 2.02% Solana (SOL), 1.22% Polkadot (DOT), 1.14% Polygon (MATIC), 0.86% Avalanche (AVAX), 0.81% Uniswap (UNI), 0.64% Cosmos (ATOM), and 0.62% Chainlink (LINK).
There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the September 30, 2022 reconstitution. As of September 30, 2022, at 4 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 52.25% Uniswap (UNI), 11.43% Aave (AAVE), 7.36% Maker (MKR), 5.37% Curve DAO Token (CRV), 5.35% Lido DAO (LDO), 4.83% Compound (COMP), 4.02% Loopring (LRC), 3.69% Convex Finance (CVX), 3.23% Yearn Finance (YFI), and 2.47% 0x (ZRX).
There was one change to the constituents of the Bitwise 10 ex Bitcoin Large Cap Crypto Index as a result of the September 30, 2022 reconstitution: Uniswap re-entered the index, replacing Litecoin. As of September 30, 2022, at 4 p.m. ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index held the following constituents: 73.61% Ethereum (ETH), 6.64% Cardano (ADA), 5.45% Solana (SOL), 3.29% Polkadot (DOT), 3.09% Polygon (MATIC), 2.32% Avalanche (AVAX), 2.19% Uniswap (UNI), 1.72% Cosmos (ATOM), and 1.69% Chainlink (LINK).
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 September 2022 Bitwise Crypto Index Committee meeting are publicly available here.
The Ball Multicoin Bitwise Metaverse Index reconstitutes quarterly in February, May, August, and November, and as a result had no changes as of September 30, 2022. As of September 30, 2022, at 4 p.m. ET, the Ball Multicoin Bitwise Metaverse Index had 27 constituents. The following were the 10 largest constituents of the Ball Multicoin Bitwise Metaverse Index: 9.13% Chainlink (LINK), 8.71% Ethereum (ETH), 8.30% Solana (SOL), 8.07% Polygon (MATIC), 8.07% Filecoin (FIL), 6.05% Binance Coin (BNB), 5.70% Uniswap (UNI), 4.94% Arweave (AR), 4.93% Graph Protocol (GRT), and 4.13% Ethereum Name Service (ENS). The index methodology for the Ball Multicoin Bitwise Metaverse Index is available here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and had one change as a result of the September 30, 2022 reconstitution: Visa (V) entered the index, replacing Tesla (TSLA). As of September 30, 2022 at 4 p.m. ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 11.09% Coinbase Global Inc. (COIN), 10.93% MicroStrategy (MSTR), 9.87% Silvergate Capital (SI), 5.34% Riot Blockchain (RIOT), 4.98% Hut 8 Mining (HUT CN), 4.87% Canaan Inc. (CAN), 4.75% Marathon Digital Holdings (MARA), 4.50% Bakkt Holdings Inc. (BKKT), 4.25% Galaxy Digital Holdings (GLXY CN), and 3.99% Hive Blockchain (HIVE CN). 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 had no changes as a result of the September 30, 2022 reconstitution. As of September 30, 2022, at 4 p.m. ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 33.43% Bored Ape Yacht Club, 26.98% CryptoPunks, 13.13% Mutant Ape Yacht Club, 5.19% CloneX, 4.44% Moonbirds, 4.37% Chromie Squiggle, 4.09% Azuki, 3.21% Doodles, 2.62% VeeFriends, and 2.53% Meebits. The index methodology for the Bitwise Blue-Chip NFT Collections Index 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.
