Results of the ixCrypto Index Series Quarterly Review (2025 Q3)
Dibaca: 340 kali
Jumat, 10 Oktober 2025 - 12:00:51 WIB
ixlogo.jpg
HONG KONG SAR - Media OutReach Newswire - 10 October 2025 - Today, IX Asia Indexes announced the 2025 3rd quarter review of the ixCrypto Index Series. The constituent changes will be implemented on the effective date of 17th October 2025 (Friday). The results of the constituent review and exchange review are as follows:
1. Constituent Review – ixCrypto Index Series
1.1 Constituent Eligibility Update
Following the latest quarterly review and careful consideration, the IX Asia Index Advisory Committee ("the Committee") has approved the inclusion of Binance coin (BNB) as an eligible constituent in various ixCrypto Indexes, effective from the 2025 Q4 review. In accordance with Section 3.9 of the index methodology ("Conflict of Interest Rule"), BNB had previously been excluded to avoid potential conflicts of interest. The Committee noted that the inclusion of BNB has been discussed in past review meetings, reflecting a continuous evaluation of market developments over the years. The Committee considered various factors including change of its shareholding structure, evolution of world environment on cryptocurrencies and how Binance evolved in this evolution. With its significant market capitalization and liquidity, the inclusion of BNB is expected to enhance the index's market representativeness and better reflect the overall performance of the cryptocurrency market.
1.2 ixCrypto Index ("IXCI")
The number of constituents will decrease to 19 with 0 additions and 2 deletions.
Additions
No addition
Deletions
Since the last review, there has been a increase in the crypto total market capitalization from USD3.09T to USD3.83T (+23.95%)#, and a increase in the daily volume from USD107.37B to USD163.91B (+52.66%)#. Bitcoin remains the largest crypto in the constituent list, with its price increased by 3.45% since the last review.
1.3 ixCrypto Portfolio Indexes
1.2.1 ixCrypto 5 Equal Weight Index ("IXEW5") and ixCrypto 5 Square Root Index ("IXSR5")
Additions
No addition
Deletions
No deletion
1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10").
Additions
No addition
Deletions
No deletion
1.2.3 ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10").
Additions
As of the cut-off date on 30th September 2025, the ixCrypto BTC/ETH 50/50 Index ("IX5050") maintains a 50%/50% weighting for the ixBitcoin Index (IXBI) and ixEthereum Index (IXEI). The ixCrypto BTC/ETH Proportional Index ("IXPI") has a weighting of 87.71% and 12.29% for IXBI and IXEI, respectively.
At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 81.71% and 18.28% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date.
1.5 ixCrypto Stablecoin Index
The number of constituents will remain at 4. Stablecoin comprises 6.66% of the total crypto universe, and ixCrypto Stablecoin Index covers around 97.45% of the 90-day average market capitalization in the stablecoin universe.
Additions
No addition
Deletions
No deletion
3. Exchange Review
To ensure a fairest price objective, all indexes are calculated based on average of multiple exchanges. As a result of exchange review, 10 exchanges passed the review process, which are as follows:
Nil
The selected 10 exchanges will be used to generate each of the fair average prices for the IX indexes' constituents. The exchange review covers volume rankings, exchange background checks, founders' background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange.
For more details about our exchange selection criteria, please email info@ix-index.com. More information on the ixCrypto Indexes, including their constituents and constituents' weights, is provided in the Appendices, or refer to the website https://ix-index.com/.
*Exclude stable coins and coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020)
#As of 30th September 2025, based on the past 90 days average
XXXX (NEW)Newly introduced exchanges as of 2025 Q3
ixCrypto Index ("IXCI")
Weightings of the Constituents of ixCrypto Index
As of 30 September,2025
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website
Weightings of the Constituents of ixCrypto Portfolio Indexes
As of 30 September 2025
Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index
As of 30 September 2025
Weightings of the Constituents of ixCrypto Stablecoin Indexes
1. Constituent Review – ixCrypto Index Series
1.1 Constituent Eligibility Update
Following the latest quarterly review and careful consideration, the IX Asia Index Advisory Committee ("the Committee") has approved the inclusion of Binance coin (BNB) as an eligible constituent in various ixCrypto Indexes, effective from the 2025 Q4 review. In accordance with Section 3.9 of the index methodology ("Conflict of Interest Rule"), BNB had previously been excluded to avoid potential conflicts of interest. The Committee noted that the inclusion of BNB has been discussed in past review meetings, reflecting a continuous evaluation of market developments over the years. The Committee considered various factors including change of its shareholding structure, evolution of world environment on cryptocurrencies and how Binance evolved in this evolution. With its significant market capitalization and liquidity, the inclusion of BNB is expected to enhance the index's market representativeness and better reflect the overall performance of the cryptocurrency market.
1.2 ixCrypto Index ("IXCI")
The number of constituents will decrease to 19 with 0 additions and 2 deletions.
Additions
No addition
Deletions
- Pi
- Pepe
Since the last review, there has been a increase in the crypto total market capitalization from USD3.09T to USD3.83T (+23.95%)#, and a increase in the daily volume from USD107.37B to USD163.91B (+52.66%)#. Bitcoin remains the largest crypto in the constituent list, with its price increased by 3.45% since the last review.
1.3 ixCrypto Portfolio Indexes
1.2.1 ixCrypto 5 Equal Weight Index ("IXEW5") and ixCrypto 5 Square Root Index ("IXSR5")
Additions
No addition
Deletions
No deletion
1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10").
Additions
No addition
Deletions
No deletion
1.2.3 ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10").
Additions
- Stellar
- Avalanche
As of the cut-off date on 30th September 2025, the ixCrypto BTC/ETH 50/50 Index ("IX5050") maintains a 50%/50% weighting for the ixBitcoin Index (IXBI) and ixEthereum Index (IXEI). The ixCrypto BTC/ETH Proportional Index ("IXPI") has a weighting of 87.71% and 12.29% for IXBI and IXEI, respectively.
At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 81.71% and 18.28% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date.
1.5 ixCrypto Stablecoin Index
The number of constituents will remain at 4. Stablecoin comprises 6.66% of the total crypto universe, and ixCrypto Stablecoin Index covers around 97.45% of the 90-day average market capitalization in the stablecoin universe.
Additions
No addition
Deletions
No deletion
3. Exchange Review
To ensure a fairest price objective, all indexes are calculated based on average of multiple exchanges. As a result of exchange review, 10 exchanges passed the review process, which are as follows:
- Binance
- MEXC
- Bitget
- OKX
- Gate.io
- OKX
- Huobi Global (NEW)
- Crypto.com
- Coinbase Exchange
- Upbit (NEW)
Nil
The selected 10 exchanges will be used to generate each of the fair average prices for the IX indexes' constituents. The exchange review covers volume rankings, exchange background checks, founders' background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange.
For more details about our exchange selection criteria, please email info@ix-index.com. More information on the ixCrypto Indexes, including their constituents and constituents' weights, is provided in the Appendices, or refer to the website https://ix-index.com/.
*Exclude stable coins and coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020)
#As of 30th September 2025, based on the past 90 days average
XXXX (NEW)Newly introduced exchanges as of 2025 Q3
ixCrypto Index ("IXCI")
| Universe | All crypto coins traded in at least two different exchanges around the world |
| Selection Criteria | Cryptocurrencies ranking in the top 80% of cumulative full market capitalization ("MC") coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume |
| Number of Constituents | 19 in Q3 2025 |
| Launch Date | 12th December 2018 |
| Base Date | 3rd December 2018 |
| Base Value | 1,000 |
| Reconstitution Rule | If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. |
| Reconstitution and Rebalancing Frequency | Quarterly and with a fast entry rule |
| Weighting Methodology | Free float adjusted market capitalization weighted with a cap of 40% |
| Currency | US Dollar |
| Dissemination | Every 5 seconds for 24x7 (On Bloomberg, Reuters and major information vendors) |
| Website | https://ix-index.com/ |
Weightings of the Constituents of ixCrypto Index
| | Crypto | 90-day-average- Market Cap | 90-day-average-Volume | Cut-off Price | Cumulative Market Coverage | Weighting (%) After 40% Cap# |
| 1 | Bitcoin | $2,278,834,864,037 | $60,457,203,956 | $112,122.64 | 59.48% | 40.00% |
| 2 | Ethereum | $474,442,908,932 | $36,732,560,860 | $4,141.48 | 71.87% | 29.90% |
| 3 | XRP | $174,946,226,380 | $6,744,877,164 | $2.87 | 76.43% | 10.26% |
| 4 | Solana | $103,279,479,871 | $7,173,252,818 | $210.74 | 79.13% | 6.85% |
| 5 | Dogecoin | $33,834,299,395 | $2,889,726,619 | $0.24 | 80.01% | 2.15% |
| 6 | TRON | $31,227,703,047 | $1,014,111,972 | $0.34 | 80.83% | 1.90% |
| 7 | Cardano | $28,644,283,255 | $1,501,932,628 | $0.81 | 81.58% | 1.73% |
| 8 | Hyperliquid | $15,151,737,591 | $345,997,654 | $47.10 | 81.97% | 0.95% |
| 9 | Chainlink | $13,835,002,419 | $1,051,639,356 | $21.68 | 82.33% | 0.88% |
| 10 | Sui | $12,440,898,179 | $1,364,157,180 | $3.28 | 82.66% | 0.70% |
| 11 | Stellar | $12,174,766,375 | $521,674,738 | $0.37 | 82.97% | 0.70% |
| 12 | Bitcoin Cash | $11,100,080,657 | $496,087,329 | $556.21 | 83.26% | 0.66% |
| 13 | Avalanche | $10,440,454,130 | $789,262,379 | $30.01 | 83.54% | 0.76% |
| 14 | Hedera | $9,848,921,954 | $430,732,838 | $0.22 | 83.79% | 0.55% |
| 15 | Litecoin | $8,380,178,217 | $742,597,878 | $106.85 | 84.01% | 0.49% |
| 16 | Toncoin | $7,947,705,221 | $238,221,371 | $2.72 | 84.22% | 0.41% |
| 17 | Shiba Inu | $7,607,518,622 | $252,779,336 | $0.00 | 84.42% | 0.42% |
| 18 | Polkadot | $6,362,234,896 | $329,933,823 | $4.00 | 84.59% | 0.39% |
| 19 | Uniswap | $5,992,742,481 | $476,047,315 | $7.75 | 84.74% | 0.30% |
As of 30 September,2025
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website
Weightings of the Constituents of ixCrypto Portfolio Indexes
| | Index Constituent | ixCrypto 5 EW Index | ixCrypto 5 SR Index | ixCrypto 10 EW Index | ixCrypto 10 SR Index | ixCrypto Altcoin 10 EW Index | ixCrypto Altcoin 10 SR Index |
| 1 | Bitcoin | 20.00% | 51.98% | 10.00% | 38.85% | - | - |
| 2 | Ethereum | 20.00% | 19.45% | 10.00% | 18.38% | 10.00% | 28.73% |
| 3 | XRP | 20.00% | 12.78% | 10.00% | 10.76% | 10.00% | 16.83% |
| 4 | Solana | 20.00% | 10.14% | 10.00% | 8.80% | 10.00% | 13.75% |
| 5 | Dogecoin | 20.00% | 5.65% | 10.00% | 4.92% | 10.00% | 7.70% |
| 6 | TRON | - | - | 10.00% | 4.63% | 10.00% | 7.24% |
| 7 | Cardano | - | - | 10.00% | 4.42% | 10.00% | 6.91% |
| 8 | Hyperliquid | - | - | 10.00% | 3.27% | 10.00% | 5.12% |
| 9 | Chainlink | - | - | 10.00% | 3.15% | 10.00% | 4.93% |
| 10 | Sui | - | - | 10.00% | 2.82% | 10.00% | 4.39% |
| 11 | Stellar | - | - | - | - | 10.00% | 4.40% |
As of 30 September 2025
Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index
| Crypto | 90-day-average Crypto Market Cap | 90-day-average Crypto Volume | Index Level | Weight in BTC/ETH 50/50 | Weight in BTC/ETH Proportional |
| Bitcoin | $2,278,834,864,037 | $60,457,203,956 | 27640.65 | 50.00% | 81.72% |
| Ethereum | $474,442,908,932 | $36,732,560,860 | 36240.60 | 50.00% | 18.28% |
As of 30 September 2025
Weightings of the Constituents of ixCrypto Stablecoin Indexes
