Bitwise Announces Results of October 2022 Month-End Crypto Index Reconstitution

Litecoin (LTC) re-enters the Bitwise 10 Massive Cap Crypto Index and the Bitwise 10 ex Bitcoin Massive Cap Crypto Index

SAN FRANCISCO, November 01, 2022–(BUSINESS WIRE)–Bitwise Index Providers, the indexing subsidiary of Bitwise Asset Management, right now introduced the outcomes of the month-to-month reconstitution of the Bitwise Crypto Indexes, which happened on October 31, 2022, at 4 p.m. ET.

There was one change to the constituents of the Bitwise 10 Massive Cap Crypto Index on account of the October 31, 2022 reconstitution: Litecoin (LTC) re-entered the index, changing Chainlink (LINK). As of October 31, 2022, at 4 p.m. ET, the Bitwise 10 Massive Cap Crypto Index held the next constituents: 61.11% Bitcoin (BTC), 29.46% Ethereum (ETH), 2.21% Cardano (ADA), 1.83% Solana (SOL), 1.23% Polygon (MATIC), 1.21% Polkadot (DOT), 0.88% Avalanche (AVAX), 0.81% Uniswap (UNI), 0.65% Cosmos (ATOM), and 0.61% Litecoin (LTC).

There have been no adjustments to the constituents of the Bitwise Decentralized Finance Crypto Index on account of the October 31, 2022 reconstitution. As of October 31, 2022, at 4 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the next constituents: 53.49% Uniswap (UNI), 12.12% Aave (AAVE), 8.37% Maker (MKR), 4.87% Lido DAO (LDO), 4.81% Curve DAO Token (CRV), 3.88% Convex Finance (CVX), 3.73% Compound (COMP), 3.50% Loopring (LRC), 3.05% Yearn Finance (YFI), and a couple of.20% 0x (ZRX).

There was one change to the constituents of the Bitwise 10 ex Bitcoin Massive Cap Crypto Index on account of the October 31, 2022 reconstitution: Litecoin (LTC) re-entered the index, changing Chainlink (LINK). As of October 31, 2022, at 4 p.m. ET, the Bitwise 10 ex Bitcoin Massive Cap Crypto Index held the next constituents: 75.76% Ethereum (ETH), 5.69% Cardano (ADA), 4.69% Solana (SOL), 3.16% Polygon (MATIC), 3.11% Polkadot (DOT), 2.26% Avalanche (AVAX), 2.09% Uniswap (UNI), 1.67% Cosmos (ATOM), and 1.58% Litecoin (LTC).

The Bitwise Crypto Indexes are reconstituted on a month-to-month foundation based on the principles of the Bitwise Crypto Index Methodology as utilized by the Bitwise Crypto Index Committee. Minutes of the October 2022 Bitwise Crypto Index Committee assembly are publicly accessible here.

Story continues

The Ball Multicoin Bitwise Metaverse Index reconstitutes in February, Could, August, and November, and had no adjustments on account of the October 31, 2022 reconstitution. As of October 31, 2022, at 4 p.m. ET, the Ball Multicoin Bitwise Metaverse Index had 27 constituents. The next have been the ten largest constituents of the Ball Multicoin Bitwise Metaverse Index: 9.69% Ethereum (ETH), 9.00% Chainlink (LINK), 8.92% Polygon (MATIC), 7.72% Filecoin (FIL), 7.72% Solana (SOL), 6.60% Binance Coin (BNB), 5.88% Uniswap (UNI), 5.08% Arweave (AR), 4.15% Ethereum Identify Service (ENS), and 4.07% Graph Protocol (GRT). The index methodology for the Ball Multicoin Bitwise Metaverse Index is out there here.

The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and consequently had no adjustments as of October 31, 2022. As of October 31, 2022 at 4 p.m. ET, the next have been the ten largest constituents of the Bitwise Crypto Innovators 30 Index: 14.37% MicroStrategy (MSTR), 11.89% Coinbase International Inc. (COIN), 7.76% Silvergate Capital (SI), 6.51% Hut 8 Mining (HUT CN), 6.07% Marathon Digital Holdings (MARA), 5.48% Riot Blockchain (RIOT), 5.06% Galaxy Digital Holdings (GLXY CN), 4.50% Canaan Inc. (CAN), 4.39% Bakkt Holdings (BKKT), and three.42% HIVE Blockchain (HIVE CN). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is out there here.

The Bitwise Blue-Chip NFT Collections Index reconstitutes quarterly and consequently had no adjustments as of October 31, 2022. As of October 31, 2022, at 4 p.m. ET, the Bitwise Blue-Chip NFT Collections Index held the next constituents: 30.05% Bored Ape Yacht Membership, 28.66% CryptoPunks, 10.97% Mutant Ape Yacht Membership, 6.67% CloneX, 6.51% Chromie Squiggle, 5.18% Azuki, 3.66% Moonbirds, 2.87% Doodles, 2.72% Meebits, and a couple of.71% VeeFriends. The index methodology for the Bitwise Blue-Chip NFT Collections Index is out there here.

About Bitwise Asset Administration

Primarily based in San Francisco, Bitwise is without doubt one of the largest and fastest-growing crypto asset managers. As of year-end 2021, Bitwise managed over $1.3 billion throughout an increasing suite of funding options. The agency is understood for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering merchandise spanning Bitcoin, Ethereum, DeFi and crypto-focused fairness indexes. Bitwise focuses on partnering with monetary advisors and funding professionals to supply high quality training and analysis. The workforce at Bitwise combines experience in know-how with a long time of expertise in conventional asset administration and indexing, coming from companies together with BlackRock, Blackstone, Fb and Google, in addition to the U.S. Legal professional’s Workplace. Bitwise is backed by main institutional buyers and asset administration executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Road Journal.

RISKS AND IMPORTANT INFORMATION

Fastidiously contemplate the funding targets, threat components, and prices and bills of any Bitwise funding product earlier than investing. Investing includes threat, together with the attainable lack of principal. There isn’t a assure or assurance that the methodology utilized by Bitwise or any of the Bitwise funding merchandise will lead to any Bitwise funding product attaining optimistic funding returns or outperforming different funding merchandise. There isn’t a assure or assurance that an investor’s funding targets might be met by means of an funding into any Bitwise funding product, and an investor could lose cash. Buyers into any Bitwise funding product ought to be prepared to just accept a excessive diploma of volatility within the value of such funding product and the potential of important losses. Bitwise funding merchandise contain a considerable diploma of threat. Sure Bitwise funding merchandise could also be accessible solely to institutional and particular person accredited buyers.

Sure of the Bitwise funding merchandise could also be topic to the dangers related to investing in crypto belongings, together with cryptocurrencies and crypto tokens. As a result of crypto belongings are a brand new technological innovation with a restricted historical past, they’re a extremely speculative asset. Future regulatory actions or insurance policies could restrict the flexibility to promote, alternate or use a crypto asset. The value of a crypto asset could also be impacted by the transactions of a small variety of holders of such crypto asset. Crypto belongings could decline in reputation, acceptance or use, which can affect their value. The know-how referring to crypto belongings and blockchain is new and growing. Presently, there are a restricted variety of publicly listed or quoted corporations for which crypto belongings and blockchain know-how characterize an attributable and important income stream.

NFTs are a particularly new inventive and cultural phenomenon, and curiosity in such art work may wane. If the demand for NFT art work diminishes, the costs of NFT gadgets may very well be negatively affected. The marketplace for NFTs will be topic to shallow commerce quantity, excessive hoarding, low liquidity and excessive chapter threat. NFTs are additionally topic to dangers and challenges related to mental property rights and fraud.

Typically, Metaverse protocols don’t function on a local blockchain, however moderately are constructed and operated on different public blockchain networks. In consequence, a Metaverse protocol doesn’t management the blockchain community on which it operates. Any antagonistic impacts or adjustments on the underlying blockchain community may have a detrimental impact on the operation of the Metaverse protocol and, consequently, may affect the worth of the Metaverse protocol’s digital asset. Such antagonistic impacts can embrace, however will not be restricted to, technical bugs, hacks, 51% assaults or community congestion because of, amongst different points, excessive charges.

The opinions expressed herein are supposed to supply perception or training and will not be supposed as particular person funding recommendation. Bitwise doesn’t characterize that this info is correct and full and it shouldn’t be relied upon as such.

This materials represents an evaluation of the market surroundings at a selected time and isn’t supposed to be a forecast of future occasions or a assure of future outcomes. This info shouldn’t be relied upon by the reader as analysis or funding recommendation relating to the funds or any safety particularly. Previous efficiency isn’t any assure of future outcomes.

Diversification could not defend towards market threat. Diversification doesn’t guarantee a revenue or defend towards a loss in a declining market.

Bitwise could try and have shares of its funding merchandise quoted on a secondary market. Nonetheless, there isn’t a assure this might be profitable. Though the shares of sure Bitwise funding merchandise have been accredited for buying and selling on a secondary market, buyers in every other Bitwise funding product shouldn’t assume that the shares will ever receive such an approval because of quite a lot of components, together with questions that regulators such because the SEC, FINRA or different regulatory our bodies could have relating to the funding product. Shareholders of such funding merchandise ought to be ready to bear the chance of funding within the shares indefinitely.

This press launch shouldn’t be a suggestion to promote or the solicitation of a suggestion to purchase any safety in any jurisdiction the place such a suggestion or solicitation could be unlawful, nor shall there be any sale of any safety in any jurisdiction by which such provide, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of that jurisdiction. The provide and sale of those funding merchandise haven’t been registered with or accredited or disapproved of by the Securities and Trade Fee or the securities fee or regulatory authority of any state or international jurisdiction.

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Contacts

Frank Taylor/Ryan Dicovitsky
Dukas Linden Public Relations
Bitwise@DLPR.com