SAN FRANCISCO–(BUSINESS WIRE)–Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management, today announced the results of the monthly Bitwise Crypto Index Replenishment, which took place on September 30, 2022 at 4:00 p.m. ET.
There was a change in the constituents of the Bitwise 10 Large Cap Crypto Index following the September 30, 2022 reconstitution: Uniswap re-entered the index, replacing Litecoin. As of September 30, 2022, 4:00 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 have been no changes to the constituents of the Bitwise Decentralized Finance Crypto Index following the September 30, 2022 reconstitution. As of September 30, 2022, 4:00 p.m. ET, the Bitwise Decentralized Finance Crypto Index held the following : 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 has been a change in the constituents of the Bitwise 10 ex Bitcoin Large Cap Crypto Index following the September 30, 2022 reconstitution: Uniswap re-entered the index, replacing Litecoin. As of September 30, 2022, 4:00 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 is replenished quarterly in February, May, August and November and therefore had not changed as of September 30, 2022. As of September 30, 2022, 4:00 PM ET, the Ball Multicoin Index Bitwise Metaverse had 27 voters. The 10 largest constituents of the Ball Multicoin Bitwise Metaverse Index are: 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 can be found here.
The Bitwise Crypto Innovators 30 Stock Index replenishes quarterly and has undergone one change following the replenishment on September 30, 2022: Visa (V) entered the index, replacing Tesla (TSLA). As of September 30, 2022 at 4:00 p.m. ET, the top 10 constituents of the Bitwise Crypto Innovators 30 Index were: 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 Stock Index is available here.
The Bitwise Blue-Chip NFT Collections Index is replenished quarterly and has not undergone any changes following the reconstitution on September 30, 2022. As of September 30, 2022, 4:00 p.m. Collections owned the following: 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 asset management
Based in San Francisco, Bitwise is one of the largest and fastest growing crypto asset managers. By the end of 2021, Bitwise was managing over $1.3 billion in a growing suite of investment solutions. The company is known for running the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi and crypto-focused stock indices. Bitwise is focused on partnering with financial advisors and investment professionals to provide quality education and research. The Bitwise team combines technology expertise with decades of experience in traditional asset management and indexing, from companies such as 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 featured in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.
RISKS AND IMPORTANT INFORMATION
Carefully review the investment objectives, risk factors, and fees and expenses of any Bitwise investment product before investing. Investing 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 enable any Bitwise investment product to achieve positive investment returns or outperform other investment products. investment. There is no guarantee or assurance that an investor’s investment objectives will be achieved through an investment in any Bitwise investment product, and an investor may lose money. Investors in any Bitwise investment product should be prepared to accept a high degree of volatility in the price of that investment product and the possibility of significant losses. Bit-level investment products involve a substantial degree of risk. Certain Bitwise investment products may only be available to accredited institutional and individual 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 crypto assets 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, trade, or use a crypto asset. The price of a crypto-asset can be impacted by the transactions of a small number of holders of this crypto-asset. Crypto assets may decline in popularity, acceptance, or usage, which may impact their price. Crypto-asset and blockchain technology is new and developing. Currently, there are a limited number of listed or listed companies for which crypto assets and blockchain technology represent an attributable and significant source of revenue.
NFTs are an extremely new artistic and cultural phenomenon, and interest in such works of art may decline. If the demand for NFT artwork decreases, the prices of NFT items could be negatively affected. The NFT market may be subject to low trading volume, extreme hoarding, low liquidity and high risk of bankruptcy. NFTs are also subject to the risks and challenges associated with intellectual property rights and fraud.
In general, Metaverse protocols do not run on a native blockchain, but rather are built and operated on other public blockchain networks. Therefore, a Metaverse protocol does not control the blockchain network on which it operates. Any negative impact or change to the underlying blockchain network could adversely affect the operation of the Metaverse Protocol and, therefore, could impact the price of the Metaverse Protocol Digital Asset. These negative impacts may include, but are not limited to, technical bugs, hacks, 51% attacks, or network congestion due to, among other things, high fees.
The opinions expressed here are intended to provide insight or education and are not intended to be individual investment advice. Bitwise does not warrant that this information is accurate and complete and should not be relied upon as such.
This material represents an assessment of the market environment at a specific time and is not intended to be a prediction of future events or a guarantee of future results. This information should not be considered by the reader as research or investment advice regarding the funds or any particular security. Past performance is not indicative of future results.
Diversification may not protect against market risk. Diversification does not guarantee a profit or protect against loss in a declining market.
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