Cosmos (ATOM) enters Bitwise 10 Large Cap Crypto Index, replacing Stellar (XLM); Robinhood (HOOD) replaces Nexon (3659: Tokyo) in Bitwise Crypto Innovators 30 Index; no changes to 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 September 30, 2021, at 4pm ET.

There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the September 30, 2021 reconstitution: Cosmos (ATOM) entered the index, replacing Stellar (XLM). As of September 30, 2021, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 61.39% Bitcoin (BTC), 26.38% Ethereum (ETH), 5.05% Cardano (ADA), 3.10% Solana (SOL), 0.80% Chainlink (LINK), 0.76% Litecoin (LTC), 0.70% Bitcoin Cash (BCH), 0.69% Uniswap (UNI), 0.58% Cosmos (ATOM), and 0.56% Polygon (MATIC).

There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the September 30, 2021 reconstitution. As of September 30, 2021, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 40.78% Uniswap (UNI), 16.01% Aave (AAVE), 9.99% Maker (MKR), 7.52% Compound (COMP), 5.60% SushiSwap (SUSHI), 4.71% Yearn.Finance (YFI), 4.34% Curve (CRV), 4.23% Ren (REN), 3.55% Bancor (BNT), and 3.28% 0x (ZRX).

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 September 2021 Bitwise Crypto Index Committee meeting are publicly available here.

The Bitwise Crypto Innovators 30 Index of equities reconstitutes quarterly on the third Friday of the last month of each quarter. As a result of this reconstitution, on September 17, 2021, Robinhood (HOOD) replaced Nexon (3659: Tokyo) as a constituent of the index.

As of September 30, 2021 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 10.26% Coinbase Global Inc. (COIN), 10.19% MicroStrategy (MSTR), 9.66% Galaxy Digital Holdings (GLXY CN), 5.41% Silvergate Capital (SI), 4.94% Northern Data AG (NB2 GR), 4.62% Argo Blockchain (ARB LN), 4.46% Hut 8 Mining (HUT CN), 4.22% Riot Blockchain (RIOT), 4.19% Hive Blockchain Tech (HIVE CN), and 4.11% Marathon Digital Holdings (MARA). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.

About Bitwise Asset Management

Based in San Francisco, Bitwise is one of the largest and fastest-growing cryptoasset managers. As of September 30, 2021, Bitwise managed over $1.1 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning bitcoin, ethereum, DeFi and crypto-focused equity indexes. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Facebook, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.

RISK DISCLOSURE AND IMPORTANT INFORMATION

Carefully consider the investment objectives, risk factors, and charges and expenses of any Bitwise investment product before investing. Investing involves risk, including the possible loss of principal. There is no guarantee or assurance that the methodology used by Bitwise or any of the Bitwise investment products will result in any Bitwise investment product achieving positive investment returns or outperforming other investment products. There is no guarantee or assurance that an investor’s investment objectives will be met through an investment into any Bitwise investment product, and an investor may lose money. Investors into any Bitwise investment product should be willing to accept a high degree of volatility in the price of such investment products and the possibility of significant losses. Bitwise investment products involve a substantial degree of risk and are available only to institutional and individual accredited investors.

Certain of the Bitwise investment products may be subject to the risks associated with investing in cryptoassets, including cryptocurrencies and crypto tokens. Because cryptoassets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit the ability to sell, exchange or use a cryptoasset. The price of a cryptoasset may be impacted by the transactions of a small number of holders of such cryptoasset. Cryptoassets may decline in popularity, acceptance or use, which may impact their price. The technology relating to cryptoassets and blockchain is new and developing. Currently, there are a limited number of publicly listed or quoted companies for which cryptoassets and blockchain technology represent an attributable and significant revenue stream.

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