Bitwise Announces Results of July 2021 Month-End Crypto Index Reconstitution

SAN FRANCISCO–(BUSINESS WIRE)–Bitwise Index Providers, the indexing subsidiary of Bitwise Asset Management, right this moment introduced the outcomes of the month-to-month reconstitution of the Bitwise Crypto Indexes, which occurred on July 30, 2021, at 4pm ET.

There have been no adjustments to the constituents of the Bitwise 10 Giant Cap Crypto Index because of the July 30, 2021 reconstitution. As of July 30 at 4pm ET the Bitwise 10 Giant Cap Crypto Index held the next constituents: 66.55% Bitcoin (BTC), 24.74% Ether (ETH), 3.66% Cardano (ADA), 0.89% Bitcoin Money (BCH), 0.85% Chainlink (LINK), 0.84% Litecoin (LTC), 0.77% Solana (SOL), 0.59% Polygon (MATIC), 0.57% Stellar (XLM), and 0.55% Uniswap (UNI).

There have been two adjustments to the constituents of the Bitwise Decentralized Finance Crypto Index because of the July 30, 2021 reconstitution: Ren (REN) and Curve (CRV) entered the index, changing Synthetix (SNX) and UMA (UMA). As of July 30 at 4pm ET the Bitwise Decentralized Finance Crypto Index held the next constituents: 31.35% Uniswap (UNI), 20.44% Aave (AAVE), 14.20% Maker (MKR), 10.68% Compound (COMP), 5.68% Yearn.Finance (YFI), 5.29% SushiSwap (SUSHI), 4.08% Bancor (BNT), 3.17% 0x (ZRX), 3.09% Curve (CRV), and a pair of.03% Ren (REN).

The Bitwise Crypto Indexes are reconstituted on a month-to-month foundation in keeping with the foundations of the Bitwise Crypto Index Methodology as utilized by the Bitwise Crypto Index Committee. Minutes of the July 2021 Bitwise Crypto Index Committee assembly are publicly out there here.

The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and consequently had no adjustments as of July 30, 2021. As of July 30 at 4pm ET the next had been the ten largest constituents: 13.04% MicroStrategy (MSTR), 10.44% Coinbase International Inc. (COIN), 9.16% Silvergate Capital (SI), 5.16% Marathon Digital Holdings (MARA), 5.14% Riot Blockchain (RIOT), 4.78% Hive Blockchain Tech (HIVE CN), 4.27% Argo Blockchain (ARB LN), 4.16% Galaxy Digital Holdings (GLXY CN), 3.85% Bitfarms (BITF CN), and three.63% Hut 8 Mining (HUT TO). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is accessible here.

About Bitwise Asset Administration

Based mostly in San Francisco, Bitwise is likely one of the largest and fastest-growing cryptoasset managers. As of July 26, 2021, Bitwise managed over $1 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 schooling and analysis. The crew 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 traders and asset administration executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg and The Wall Avenue Journal.

RISK DISCLOSURE AND IMPORTANT INFORMATION

Rigorously contemplate the funding goals, threat components, and costs and bills of any Bitwise funding product earlier than investing. Investing includes threat, together with the attainable lack of principal. There isn’t any assure or assurance that the methodology utilized by Bitwise or any of the Bitwise funding merchandise will end in any Bitwise funding product attaining constructive funding returns or outperforming different funding merchandise. There isn’t any assure or assurance that an investor’s funding goals can be met via an funding into any Bitwise funding product, and an investor could lose cash. Buyers into any Bitwise funding product needs to be prepared to just accept a excessive diploma of volatility within the worth of such funding product and the potential of vital losses. An funding in any Bitwise funding product includes a considerable diploma of threat.

Sure of the Bitwise funding merchandise could also be topic to the dangers related to investing in cryptoassets, together with cryptocurrencies and crypto tokens. As a result of cryptoassets 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 power to promote, alternate or use a cryptoasset. The worth of a cryptoasset could also be impacted by the transactions of a small variety of holders of such cryptoasset. Cryptoassets could decline in recognition, acceptance or use, which can impression their worth. The know-how regarding cryptoassets and blockchain is new and creating. Presently, there are a restricted variety of publicly listed or quoted firms for which cryptoassets and blockchain know-how signify an attributable and vital income stream.

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