elephant

eth15

The eth15, an index of cryptos coins listed on Ethereum blockchain, is a rule-based broad market index by market capitalization, that tracks the performance of widely traded liquid cryptocurrencies in the world. The index enables crypto enthusiasts, investors, and investment managers to monitor the performance of cryptocurrencies in the global markets.

Features of Index
  • Industry barometer
  • Simple and easy to replicate
  • Transparent and efficient benchmark
  • Lower cost for investment vehicles
  • Designed for robo-investors
Benefits of eth15
  • A true benchmark of the underlying crypto market with a diversified representation of overall market sentiments
  • Can be accurately replicated for creation of index linked products like index funds, ETFs, structured products etc.

Index Construction

Following is the eligibility criteria for each Cryptocurrency to be included in the index.

Eligibility Criteria

  • Must be listed on Ethereum Blockchain
  • Only cryptocurrencies coins are considered
  • Stable Coins are not eligible

Universe Selection

  • The eligible index constituent should have traded on at least 90% of the trading days during the Review Period
  • The eligible index constituent should be in the top 100 most liquid cryptocurrencies (listed on Ethereum Blockchain) in terms of Trading Value during the preceding month
  • The eligible coin must be listed in one of the top 5 exchanges and at least two of the top ten exchanges in terms of trading volume.
  • The eligible Index constituent should also be in the top 50 in terms of the circulating market capitalization during the preceding month

Index Basket Creation

  • Top 15 cryptocurrencies in terms of circulating market capitalization are eligible to be a part of the Index.
  • The Index Committee decides on the final basket and may consider mid-term review of the Index basket in exceptional situations.

Circulating Market Capitalization

Circulating market capitalization of each cryptocurrency is calculated by multiplying the Price by the Circulating Supply of each Cryptocurrency.

Constituent Numbers

The number of Index constituents shall be 15 Cryptocurrencies.

Constituent Weightings

Index constituent’s weightage shall be determined based on their Market Capitalization.

Index Calculations

Index Value Calculation (Reconstitution and Rebalancing)

The index value is calculated as follows:

Index Value is equal to the sum Total of Circulating Market Capitalization of Index Basket divided with the Index Divisor and then multiplied it with the base value of 10,000.

Index Divisor

On the base date, the divisor is calculated based on the circulating market capitalisation of all the Index Constituents. The Index divisor is normalised during every rebalancing period by multiplying it with a normalization factor. The normalization factor is the ratio of sum total of circulating market capitalization of the new index basket to the sum totalof circulating market capitalization of the old index basket.

Base Value and Base Date

The base value of the Index is set at 10,000 on the base date as 01, July 2022.

Index Rebalancing And Reconstitution

  • Review Period: Quarterly basis. The cut-off date for the review period shall be the fifteenth calendar day of March, June, September, and December.
  • Effective date of the Index Reconstitution: The Index Reconstitution (Inclusion and Exclusion of the index constituents) and Rebalancing (adjustment of the Divisor) shall be implemented on the first Business Day of the calendar months of April, July, October and January.

Announcement for the change in Index Basket

The change in the Index Constituents shall be announced five business days prior to the Reconstitution Date.

Currency

The Index value shall be based on USDT.

Index Precision

The Index value shall be rounded to the nearest two decimal places.

Index Dissemination

The Index shall be publicly available on 3-verse.io, 3.0verse android & iOS app and other platforms.

Index Committee

The Index Committee comprise of domain experts, industry practitioners, and academicians.

Index Dissemination

We will not be publishing the separate index commentary for eth15, like IC15 Daily Report.

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