Bitwise Announces Results of May 2022 Month-End Crypto Index Reconstitution

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 May 31, 2022, at 4pm ET.

There was one change to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the May 31, 2022 reconstitution: Bitcoin Cash re-entered the index, replacing Cosmos. As of May 31, 2022, at 4pm ET, the Bitwise 10 Large Cap Crypto Index held the following constituents: 66.42% Bitcoin (BTC), 25.78% Ethereum (ETH), 2.23% Cardano (ADA), 1.70% Solana (SOL), 1.26% Polkadot (DOT), 0.78% Avalanche (AVAX), 0.53% Litecoin (LTC), 0.50% Polygon (MATIC), 0.42% Bitcoin Cash (BCH), and 0.38% Chainlink (LINK).

There were no changes to the constituents of the Bitwise Decentralized Finance Crypto Index as a result of the May 31, 2022 reconstitution. As of May 31, 2022, at 4pm ET, the Bitwise Decentralized Finance Crypto Index held the following constituents: 31.12% Uniswap (UNI), 18.94% Aave (AAVE), 14.39% Maker (MKR), 8.24% Loopring (LRC), 6.49% Curve DAO Token (CRV), 5.18% Compound (COMP), 4.27% SushiSwap (SUSHI), 4.26% 0x (ZRX), 4.04% Bancor (BNT), and 3.07% Yearn.Finance (YFI).

There was one change to the constituents of the Bitwise 10 ex Bitcoin Large Cap Crypto Index as a result of the May 31, 2022 reconstitution: Bitcoin Cash re-entered the index, replacing Cosmos. As of May 31, 2022, at 4pm ET, the Bitwise 10 ex Bitcoin Large Cap Crypto Index held the following constituents: 76.78% Ethereum (ETH), 6.65% Cardano (ADA), 5.07% Solana (SOL), 3.76% Polkadot (DOT), 2.32% Avalanche (AVAX), 1.57% Litecoin (LTC), 1.48% Polygon (MATIC), 1.24% Bitcoin Cash (BCH), and 1.13% Chainlink (LINK).

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 May 2022 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 May 31, 2022. As of May 31, 2022 at 4pm ET, the following were the 10 largest constituents of the Bitwise Crypto Innovators 30 Index: 11.74% Microstrategy (MSTR), 9.53% Galaxy Digital Holdings (GLXY CN), 8.01% Coinbase Global Inc. (COIN), 6.94% Silvergate Capital (SI), 5.17% Canaan Inc. (CAN), 4.18% Northern Data AG (NB2 GR), 3.76% Riot Blockchain (RIOT), 3.67% Marathon Digital Holdings (MARA), 3.67% Hut 8 Mining (HUT CN), and 3.63% Core Scientific (CORZ). The index methodology for the Bitwise Crypto Innovators 30 Index of equities is available here.