Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management, announces the results of the monthly reconstitution of the Bitwise Crypto Indexes, which took place on December 31, 2021, at 4pm ET. The latest reconstitution brings a lot of new entrants and changes in the constituents. Avalanche, Bakkt, Iris, and BIT Mining are among new entrants to Bitwise Crypto Indexes after the latest reconstitution.
Bitwise is one of the largest cryptoasset managers. As of December 31, 2021, Bitwise managed over $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi and crypto-focused equity indexes.
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.
Bitwise 10 Large Cap Crypto Index
Avalanche replaces Uniswap to enter the Bitwise 10 Large Cap Crypto Index. As of December 31, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 58.69% Bitcoin (BTC), 29.33% Ethereum (ETH), 3.52% Solana (SOL), 2.98% Cardano (ADA), 1.76% Avalanche (AVAX), 1.19% Polygon (MATIC), 0.71% Algorand (ALGO), 0.68% Litecoin (LTC), 0.60% Chainlink (LINK), and 0.54% Bitcoin Cash (BCH).
Bitwise Decentralized Finance Crypto Index
Loopring replaces Ren to re-enter the Bitwise Decentralized Finance Crypto Index. As of December 31, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 31.32% Uniswap (UNI), 14.95% Aave (AAVE), 11.65% Loopring (LRC), 10.09% Maker (MKR), 9.95% Curve (CRV), 5.43% Compound (COMP), 5.30% SushiSwap (SUSHI), 5.08% Yearn.Finance (YFI), 3.30% Bancor (BNT), and 2.93% 0x (ZRX).
The Bitwise Crypto Innovators 30 Index
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly on the third Friday of the last month of each quarter. As a result of this reconstitution, on December 17, 2021, Bakkt Holdings, Iris Energy, Greenidge Generation Holdings and BIT Mining replaced Ebang International Holdings, BIGG Digital Assets, EQONEX and Arcane Crypto as constituents of the index.
As of December 31, 2021 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.71% Coinbase Global Inc. (COIN), 10.17% Silvergate Capital (SI), 9.73% MicroStrategy (MSTR), 4.86% Voyager Digital (VOYG CN), 4.67% Galaxy Digital Holdings (GLXY CN), 4.28% Hut 8 Mining (HUT CN), 4.06% Northern Data AG (NB2 GR), 4.00% Marathon Digital Holdings (MARA), 3.96% Riot Blockchain (RIOT), and 3.89% Hive Blockchain Tech (HIVE CN).
The Bitwise Blue-Chip NFT Collections Index
The Bitwise Blue-Chip NFT Collections Index of NFTs reconstitutes quarterly on the last business day of each quarter. As the index initially launched on December 14, 2021, there are no new entrants or changes to constituents of the index.
As of December 31, 2021, at 4pm ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 32.69% CryptoPunks, 30.67% Bored Ape Yacht Club, 10.27% Mutant Ape Yacht Club, 4.90% VeeFriends, 4.52% Cool Cats, 3.93% Autoglyphs, 3.88% Fidenza, 3.30% Chromie Squiggle, 3.12% Meebits, and 2.71% CyberKongz Genesis.
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