BITW)Announces Reconstitution Of Its Bitwise Crypto Indexes – Facts About CBD

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Bitwise Asset Management’s indexing subsidiary Bitwise 10 Crypto Index Units Beneficiary Interest (OTCMKTS: BITW) has announced Bitwise Crypto indexes’ monthly reconstitution that happened on September 30, 2021.

Bitwise reports no change in Bitwise 10 Large Cap index reconstitution 

Following the September reconstitution, there was no constituents change in Bitwise 10 large Cap Crypto Index with Cosmos (ATOM) joining the index to replace Stellar (XLM).  Interestingly as of September 30, 2021, Bitwise 10 large Cap Crypto Index held various constituents including Bitcoin (61.39%), Ethereum (5.05%), Cardano (3.1%), Chainlink (0.8%), Litecoin (0.76%), Bitcoin Cash (0.7%), Uniswap (0.69%), Cosmos (0.58%), and Polygon (0.56%).

Equally following the reconstitution, the company didn’t have any changes in the Bitwise Decentralized Finance Crypto index s of September 30, 2021. Bitwise Decentralized Finance Crypto Index held Uniswap (40.78%), Aave (16.01%), Maker (9.99%), Compound (7.52%), Sushiswap (5.6%), Yearn.Finance (4.71%), Curve (4.34%), Ren (4.23%), Bancor (3.55%), and Ox (3.28%).

Bitwise Crypto Indexes reconstituted monthly 

The company reconstitutes the Bitwise Crypto Indexes monthly as per the Bitwise Crypto index Methodology rules applied by the Bitwise Crypto Index Committee. On the other hand, Bitwise Crypto Innovators 30 Index equities are reconstituted quarterly, usually on the third Friday of each quarter’s last month. Following the September 17, 2021 reconstitution, Nexon’s (3659: Tokyo) place was taken by Robinhood (HOOD).

By the close of business on September 30, 2021, the ten largest Bitwise Crypto Innovators 30 Index constituents included Coinbase Global Inc. (COIN) at 10.26%, MicroStrategy (MSTR) at 10.19%, Galaxy Digital Holdings (GLXY CN) at 4.62%, Silvergate Capital (SI) at 5.41%, Northern Data AG (NB2 GR) at 4.94%, Hive Blockchain Tech (CHIVE CN) at 4.19%, Riot Blockchain (RIOT) at 4.22% and Marathon Digital Holdings (MARA) at 4.11%.

The San Francisco-based company is among the fastest-growing and largest crypto asset managers. At the end of September, Bitwise had more than $1.1 billion in assets in a range of investment suites.

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