Bitwise Announces Results of August 2021 Month-End Crypto Index Reconstitution
San Francisco • September 2, 2021
No changes to either the Bitwise 10 Large Cap Crypto Index or the Bitwise Decentralized Finance Crypto Index.
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 August 31, 2021, at 4pm ET.
There were no changes to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the August 31, 2021 reconstitution. As of August 31, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 60.33% Bitcoin (BTC), 27.19% Ethereum (ETH), 6.05% Cardano (ADA), 2.26% Solana (SOL), 0.82% Chainlink (LINK), 0.81% Bitcoin Cash (BCH), 0.78% Litecoin (LTC), 0.60% Uniswap (UNI), 0.59% Polygon (MATIC), and 0.58% Stellar (XLM).
There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the August 31, 2021 reconstitution. As of August 31, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 33.63% Uniswap (UNI), 19.30% Aave (AAVE), 13.21% Maker (MKR), 9.19% Compound (COMP), 5.80% SushiSwap (SUSHI), 5.29% Yearn.Finance (YFI), 3.78% Bancor (BNT), 3.60% Curve (CRV), 3.40% 0x (ZRX), and 2.80% Ren (REN).
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 August 2021 Bitwise Crypto Index Committee meeting are publicly available here.
The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly and as a result had no changes as of August 31, 2021. As of August 31 at 4pm ET, the following were the 10 largest constituents: 12.66% MicroStrategy (MSTR), 10.00% Coinbase Global Inc. (COIN), 8.81% Silvergate Capital (SI), 6.63% Marathon Digital Holdings (MARA), 5.17% Hut 8 Mining (HUT TO), 5.09% Riot Blockchain (RIOT), 5.09% Hive Blockchain Tech (HIVE CN), 4.80% Bitfarms (BITF CN), 3.89% Argo Blockchain (ARB LN), and 3.63% Galaxy Digital Holdings (GLXY CN). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.
Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For seven years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 90 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco, New York, and London.
