Results of the ixCrypto Index Series Quarterly Review (2025 Q3)
Results of the ixCrypto Index Series Quarterly Review (2025 Q3)October 10, 2025 - 6:33Media OutReach Newswire 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. No addition After the change, the free float adjusted market capitalization coverage is 84.74%* (excluding stablecoins, which represents 6.66% of the total crypto universe), while the 90-day-average volume is 75.38%*. The constituents change above and recapping at 40% will take effect on the effective date. 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") No addition No deletion 1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10"). No addition No deletion 1.2.3 ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). 1.4 ixCrypto BTC/ETH Indexes 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. No addition 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: Huobi Global (NEW) Coinbase Exchange Upbit (NEW) Removed Exchanges 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") 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 3rd December 2018 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% Dissemination Every 5 seconds for 24x7 (On Bloomberg, Reuters and major information vendors) https://ix-index.com/ Weightings of the Constituents of ixCrypto Index 90-day-average- Market Cap 90-day-average-Volume Cumulative Market Coverage Weighting (%) After 40% Cap# $2,278,834,864,037 $60,457,203,956 $112,122.64 $474,442,908,932 $36,732,560,860 $174,946,226,380 $6,744,877,164 $103,279,479,871 $7,173,252,818 $33,834,299,395 $2,889,726,619 $31,227,703,047 $1,014,111,972 $28,644,283,255 $1,501,932,628 Hyperliquid $15,151,737,591 $345,997,654 $13,835,002,419 $1,051,639,356 $12,440,898,179 $1,364,157,180 $12,174,766,375 $521,674,738 Bitcoin Cash $11,100,080,657 $496,087,329 $10,440,454,130 $789,262,379 $9,848,921,954 $430,732,838 $8,380,178,217 $742,597,878 $7,947,705,221 $238,221,371 $7,607,518,622 $252,779,336 $6,362,234,896 $329,933,823 $5,992,742,481 $476,047,315 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 Hyperliquid As of 30 September 2025 Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index 90-day-average Crypto Market Cap 90-day-average Crypto Volume Index Level Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional $2,278,834,864,037 $60,457,203,956 $474,442,908,932 $36,732,560,860 As of 30 September 2025 Weightings of the Constituents of ixCrypto Stablecoin Indexes 90-day-average- Market Cap 90-day-average- Cumulative Market Coverage Weighting (%) After 40% Cap $165,529,410,166 $117,007,574,784 $67,794,328,942 $14,891,104,436 $10,082,403,116 $266,715,140 $5,365,005,371 $16,886,154,186 As of 30 September 2025 ixCrypto Indexes Dissemination Real time indexes are disseminated every 5-second interval for 24x7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI" and "IXEI", with dissemination interval kept at 15-second unchanged. The vendor tickers are shown below: Bloomberg Ticker TradingView Ticker Reuters Ticker ixCrypto Index ixBitcoin Index ixEthereum Index For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes For data licensing and product, please contact us at licensing@ix-index.com. For free API use on academic research or trial, please contact enquiry@ix-index.com Hashtag: #ixCryptoIndex The issuer is solely responsible for the content of this announcement. About IX Asia Indexes and IX Asia Index Advisory Committee IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24x7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index ("IXCI") launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures products, mark-to-market, and fund managers' portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis. IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification. Website: https://ix-index.com/ Advisory Committee: https://ix-index.com/committee.htm About IX Crypto Indexes The ixCrypto index ("IXCI") is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24x7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI", "IXEI", with dissemination interval kept at 15-second unchanged. Wechat: 信昇亞洲指數.
