Bitwise announces December 2022 month-end crypto index rebuild results

Intel (INTC), CBOE Global Markets (CBOE), Nu Holdings (NU) and Applied Blockchain (APLD) Enter Bitwise Crypto Innovators 30 Index; Intel (INTC), Nike (NKE), CleanSpark (CLSK) and Applied Blockchain (APLD) Enter Bitwise Web3 Index; no changes to the Bitwise 10 Large Cap Crypto Index.

SAN FRANCISCO, January 05, 2023–(BUSINESS WIRE)–Bitwise Index Services, the indexing subsidiary of Bitwise Asset Management, today announced the results of the monthly replenishment of the Bitwise Crypto Indexes, which occurred on December 30, 2022, at 4:00 PM ET.

The Bitwise 10 Large Cap Crypto Index has not changed since its December 30, 2022 reconstitution. As of December 30, 2022, 4:00 PM ET, the Bitwise 10 Large Cap Crypto Index contained the following constituents: 63.53% Bitcoin (BTC ), 28.75% Ethereum (ETH), 1.71% Cardano (ADA), 1.32% Polygon (MATIC ), 1.02% Polkadot (DOT), 0.98% Litecoin (LTC), 0.76 % Uniswap (UNI), 0.72% Solana (SOL), 0.68% Avalanche (AVAX) and 0.53% Chainlink (LINK).

The Bitwise Decentralized Finance Crypto Index has not changed since its December 30, 2022 reconstitution. As of December 30, 2022, 4:00 PM ET, the Bitwise Decentralized Finance Crypto Index contained the following constituents: 57.08% Uniswap (UNI), 11.12% Aave (AAVE), 7.00% Maker (MKR), 4.49% Lido DAO (LDO ), 4.18% Curve DAO Token (CRV), 3.51% Loopring (LRC), 3, 50% Convex Finance (CVX), 3.32% Compound (COMP), 2.98% Balancer (BAL) and 2.81% Yearn Finance (YFI).

The Bitwise 10 ex Bitcoin Large Cap Crypto Index has not changed since its December 30, 2022 reconstitution. As of December 30, 2022, 4:00 PM ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index contained the following constituents: 78 .81% Ethereum (ETH), 4.70% Cardano (ADA), 3.62% Polygon (MATIC), 2.80% Polkadot (DOT), 2.68% Litecoin (LTC), 2.09% Uniswap ( UNI), 1.98% Solana (SOL), 1.85% Avalanche (AVAX) and 1.47% Chainlink (LINK).

The Bitwise Crypto Indices are reconstituted on a monthly basis according to the rules of the Bitwise Crypto Index Methodology applied by the Bitwise Crypto Index Committee. The minutes of the December 2022 Bitwise Crypto Index Committee meeting are publicly available here.

The Ball Multicoin Bitwise Metaverse Index reconstitutes in February, May, August, and November and, accordingly, has not changed since its December 30, 2022 reconstitution. As of December 30, 2022, at 4:00 PM ET, the Ball Multicoin Bitwise Metaverse had 25 components. The following were the 10 largest constituents of the Ball Multicoin Bitwise Metaverse Index: 13.53% Polygon (MATIC), 11.66% Ethereum (ETH), 6.90% Filecoin (FIL), 6.79% Chainlink (LINK ), 6.41% Uniswap (UNI), 6.05% Binance Coin (BNB), 5.46% The Graph (GRT), 5.02% Arweave (AR), 4.68% Solana (SOL) and 4 ,38% Avalanche (AVAX). The index methodology for the Ball Multicoin Bitwise Metaverse Index is available here.

The Bitwise Crypto Innovators 30 stock index reconstitutes quarterly and has undergone the following changes as of December 30, 2022: Intel (INTC), CBOE Global Markets (CBOE), Nu Holdings (NU) and Applied Blockchain (APLD) and Nvidia have entered (NVDA), Advanced Micro Devices (AMD), Signature Bank (SBNY), Greenidge Generation Holdings (GREE), and Terawulf (WULF) are exits. As of December 30, 2022 at 4:00 PM ET, the following 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 11.77% Galaxy Digital Holdings (GLXY CN), 9.76% Coinbase Global Inc. (COIN), 8.99 % MicroStrategy ( MSTR), 5.16% Applied Blockchain (APLD), 4.65% Canaan Inc. (CAN), 4.46% Northern Data (NB2 GR), 4.09% Hut 8 Mining (HUT), 4 .04% Riot Blockchain (RIOT), 4.02% CleanSpark Inc (CLSK) and 3.88% Silvergate Capital (SI). The index methodology for the Bitwise Crypto Innovators 30 stock index is available here.

The Bitwise Web3 Equities Index reconstitutes quarterly and has undergone the following changes as of December 30, 2022: Intel (INTC), Nike (NKE), CleanSpark Inc. (CLSK) and Applied Blockchain (APLD) added and PayPal (PYPL), Advanced Micro Devices (AMD), Shopify Inc. (SHOP), and HIVE Blockchain (HIVE CN) are out. As of December 30, 2022 at 4:00 PM ET, the following were the 10 largest constituents of the Bitwise Web3 Equities Index: 9.26% Meta Platforms (META), 9.01% Equinix (EQIX), 7.96% Roblox Corp ( RBLX), 7.06% Coinbase Global (COIN), 6.63% Unity Software (U), 4.87% Take-Two Interactive Software (TTWO), 4.75% Cloudflare (NET), 4.70% Electronic Arts (EA), 4.68% Block (SQ), and 4.57% Akamai Technologies (AKAM). The index methodology for the Bitwise Web3 Equities Index is available here.

The Bitwise Blue-Chip NFT Collections Index reconstitutes quarterly and is unchanged as of December 30, 2022. As of December 30, 2022, 4:00 PM ET, the Bitwise Blue-Chip NFT Collections Index held the following constituents: 30.17% Bored Ape Yacht Club, 28.17% CryptoPunks, 13.34% Mutant Ape Yacht Club, 6.35% Chromie Squiggle, 5.89% Azuki, 4.80% CloneX, 3.23% Moonbirds, 3.09% Meebits, 2.67% Doodles and 2.29% VeeFriends. The index methodology for the Bitwise Blue-Chip NFT Collections Index is available here.

Learn about bitwise resource management

Headquartered in San Francisco, Bitwise is one of the largest and fastest growing crypto asset managers. 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 indices. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The Bitwise team combines technology expertise with decades of traditional wealth management and indexing experience from companies such as BlackRock, Blackstone, Facebook and Google, as well as the United States 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.

RISKS 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 possible loss of principal. There is no guarantee or assurance that the methodology employed 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 achieved through an investment in any Bitwise investment product and an investor could lose money. Investors in any Bitwise Investment Product should be willing to accept a high degree of volatility in the price of such Investment Product and the possibility of significant losses. Bitwise investment products carry a significant degree of risk. Some Bitwise investment products may only be available to accredited institutional and individual investors.

Some of Bitwise’s investment products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Since crypto assets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit your ability to sell, trade or use a crypto asset. The price of a crypto asset can be affected by the transactions of a small number of holders of that crypto asset. Crypto assets can decline in popularity, acceptance, or usage, which can impact their price. The technology related to crypto assets and blockchain is new and developing. Currently, there are a small number of listed or publicly traded companies for which crypto assets and blockchain technology represent an attributable and significant revenue stream.

NFTs are an extremely new artistic and cultural phenomenon and interest in such artworks may be declining. If the demand for NFT artwork decreases, the prices of NFT items could be negatively impacted. The NFT market can be subject to low trading volumes, extreme hoarding, low liquidity and high risk of bankruptcy. NFTs are also subject to risks and challenges associated with intellectual property rights and fraud.

In general, Metaverse protocols do not operate on a native blockchain, but rather are built and operated on other public blockchain networks. As a result, a Metaverse protocol does not control the blockchain network it operates on. Any adverse impacts or changes to the underlying blockchain network could have an adverse effect on the functioning of the Metaverse Protocol and as a result, could affect the price of the Metaverse Protocol digital asset. Such negative impacts may include, but are not limited to, technical bugs, hacks, 51% attacks, or network congestion due to high fees, among other issues.

Opinions expressed herein are for the purpose of information or education and are not intended as individual investment advice. Bitwise does not represent that this information is accurate or complete and should not be relied upon as such.

This material represents an assessment of the market environment at a particular time and is not intended to be a forecast of future events or a guarantee of future results. The reader should not rely on this information as research or investment advice regarding funds or any particular security. Past performance is no guarantee of future results.

Diversification may not protect against market risk. Diversification does not guarantee a profit or protect against a loss in a declining market.

Bitwise may attempt to list shares of its investment products on a secondary market. However, there is no guarantee that this will be successful. While the shares of some Bitwise investment products have been approved for trading on a secondary market, investors in any other Bitwise investment products should not assume that the shares will ever obtain such approval due to a variety of factors, including questions that regulators such as the SEC, FINRA or other regulatory bodies may have regarding the investment product. Shareholders of such investment products should be willing to bear the risk of investing in the shares for an indefinite period.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful, nor will there be any sale of securities in any jurisdiction in which such offer, solicitation or the sale would be illegal prior to registration or qualification under the securities laws of that jurisdiction. The offer or sale of these investment products has not been registered or approved or disapproved by the Securities and Exchange Commission or the securities commission or regulatory authority of any state or foreign jurisdiction.

View the source version at businesswire.com: https://www.businesswire.com/news/home/20230104006003/en/

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