Bitwise Announces July 2022 Month End Crypto Index Reconstitution Results
Lido DAO (LDO) Enters Bitwise Decentralized Finance Crypto Index; no changes in the Bitwise 10 Large Cap Crypto Index
SAN FRANCISCO, August 1, 2022–(BUSINESS WIRE)–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 July 29, 2022, at 4:00 PM ET.
There were no changes in the components of the Bitwise 10 Large Cap Crypto Index as a result of the reconstitution on July 29, 2022. As of July 29, 2022, at 4:00 PM ET, the Bitwise 10 Large Cap Crypto Index had the following constituents: 62.42% Bitcoin (BTC), 28.26% Ethereum (ETH), 2.43% Cardano (ADA), 1.98% Solana (SOL) ) , 1.28% Polkadot (DOT), 1.04% Polygon (MATIC), 0.95% Avalanche (AVAX), 0.59% Litecoin (LTC), 0.56% Uniswap (UNI) and 0.51% Chain link (LINK).
There was one change in the components of the Bitwise Decentralized Finance Crypto Index as a result of the July 29, 2022 reconstitution: Lido DAO entered the index, replacing Bancor (BNT). From 29 July 2022, at 4:00 PM ET, the Bitwise Decentralized Finance Crypto Index had the following constituents: 42.00% Uniswap (UNI), 13.86% Aave (AAVE), 10.36% Maker (MKR), 7.93% Lido DAO Token ( LDO), 7.71% Curve DAO Token (CRV), 5.44% Loopring (LRC), 4.24% Compound (COMP), 3.57% Yearn Finance (YFI), 2.92% 0x (ZRX) and 1, 97% SushiSwap (SUSHI).
There were no changes in the components of the Bitwise 10 ex Bitcoin Large Cap Crypto Index as a result of the reconstitution on July 29, 2022. As of July 29, 2022, at 4:00 PM ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index had the following constituents: 75.19% Ethereum (ETH), 6.46% Cardano (ADA), 5.26% Solana (SOL), 3.40% Polkadot (DOT) , 2.76% Polygon (MATIC), 2.53% Avalanche (AVAX), 1.57% Litecoin (LTC), 1.49% Uniswap (UNI) and 1.36% Chainlink (LINK).
The Bitwise Crypto Indices are reconstituted on a monthly basis according to the rules of the Bitwise Crypto Index Method used by the Bitwise Crypto Index Committee. The minutes of the July 2022 Bitwise Crypto Index Committee meeting are publicly available here.
The Bitwise Crypto Innovators 30 Stock Index is reconstituted quarterly and as a result had no changes as of July 29, 2022. As of July 29, 2022 at As of 4:00 PM ET, the top 10 constituents of the Bitwise Crypto Innovators 30 Index were: 12.79% MicroStrategy (MSTR), 12.31% Silvergate Capital (SI), 9.59% Coinbase Global Inc. (COIN), 6.75 % Marathon Digital Holdings (MARA), 5.39% Riot Blockchain (RIOT), 4.89% Canaan Inc. (CAN) , 4.60% Galaxy Digital Holdings (GLXY CN), 4.55% Bakkt Holdings Inc. ( BKKT), 4.13% Core Scientific (CORZ) and 3.56% Bit Digital Inc. (BTBT). The index methodology for the Bitwise Crypto Innovators 30 Stock Index is available here.
The Bitwise Blue-Chip NFT Collections Index is reconstituted quarterly and as a result had no changes as of July 29, 2022. As of July 29, 2022, at 4:00 PM ET, the Bitwise Blue-Chip NFT Collections Index had the following constituents: 29.62% Bored Ape Yacht Club, 27.18% CryptoPunks, 12.06% Mutant Ape Yacht Club, 7.29% Moonbirds, 6.22% CloneX, 4.14% Doodles, 3.90% Meebits, 3.80% Azuki, 2.97% Chromie, % 2.97% Chromie and Vee2 Squiggle. The index methodology for the Bitwise Blue-Chip NFT Collections Index is available here.
About Bitwise Asset Management
Based in San Francisco, Bitwise is one of the largest and fastest growing crypto asset managers. By the end of 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 indices. 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, from firms including BlackRock, Blackstone, Facebook and Google, as well as the US 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.
DISCLAIMER OF RISK AND IMPORTANT INFORMATION
Carefully consider the investment objectives, risk factors and fees and expenses of any Bitwise investment product before investing. Investment involves risk, including possible loss of principal. There is no guarantee or assurance that the methodology used by Bitwise or any of the Bitwise Investment Products will result in a Bitwise Investment Product achieving positive investment returns or outperforming other investment products. There is no guarantee or assurance that an investor’s investment objectives will be met through an investment in a Bitwise investment product, and an investor may lose money. Investors in any Bitwise investment product should be willing to accept a high degree of volatility in the price of such investment product and the possibility of significant losses. Piecemeal investment products involve a significant degree of risk. Certain Bitwise investment products may be available only to institutional and individual accredited investors.
Some of the Bitwise investment products may be subject to the risks associated with investing in crypto-assets, including cryptocurrencies and crypto-tokens. Because cryptoassets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit the ability to sell, exchange or use a crypto asset. The price of a crypto-asset may be affected by the transactions of a small number of holders of such crypto-asset. Crypto-assets may decline in popularity, acceptance or use, which may affect their price. The technology related to cryptoassets and blockchain is new and under development. Currently, there are a limited number of listed or listed companies where crypto assets and blockchain technology represent an attributable and significant revenue stream.
NFTs are an extremely new artistic and cultural phenomenon, and interest in such works of art may be waning. If the demand for NFT artwork decreases, the prices of NFT goods may be adversely affected. The market for NFTs may be subject to shallow trading volume, extreme hoarding, low liquidity and high bankruptcy risk. NFTs are also exposed to risks and challenges related to intellectual property rights and fraud.
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