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.
Following is the eligibility criteria for each Cryptocurrency to be included in the index.
Circulating market capitalization of each cryptocurrency is calculated by multiplying the Price by the Circulating Supply of each Cryptocurrency.
The number of Index constituents shall be 15 Cryptocurrencies.
Index constituent’s weightage shall be determined based on their Market Capitalization.
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.
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.
The base value of the Index is set at 10,000 on the base date as 01, July 2022.
The change in the Index Constituents shall be announced five business days prior to the Reconstitution Date.
The Index value shall be based on USDT.
The Index value shall be rounded to the nearest two decimal places.
The Index shall be publicly available on 3-verse.io, 3.0verse android & iOS app and other platforms.
The Index Committee comprise of domain experts, industry practitioners, and academicians.
We will not be publishing the separate index commentary for eth15, like IC15 Daily Report.