The objective of the Index is to reflect the performance an investor can achieve by investing in a dynamic portfolio of Bitcoin and USD Cash.
Index powered by using Kaiko data.
Universe of Index Components
The following instruments selected from the Reference Market: Bitcoin and USD Cash
Index Components and their selection
Each instrument selected from the Index Universe must fulfil the following criteria to be eligible for inclusion in the Index ("Index Component Selection Criteria"). An instrument is eligible if:
a) it has a price that is set regularly and publicly accessible; or
b) it is USD Cash.
There is a maximum of two (2) Index Components at the same time where one Index Component is always USD Cash. The Index Component Selection Criteria are required to be fulfilled at the time of inclusion of the relevant instrument as Index Component in the Index. However, fulfilment of the Index Component Selection Criteria will not be monitored on an ongoing basis following such inclusion.
The Index represents an allocation strategy replicating investments in Bitcoin and USD Cash. In order to control the maximum drawdown, the following concept applies:
• maintaining a protection floor ("Protection Floor")
• allocation of the difference between the current Index Level and the Protection Floor to Bitcoin
• daily monitoring and rebalancing when applicable
Allocation of Index Components
The initial weight allocation for the Index Components is set out below.
Index Component Name - Weight
Bitcoin - 19 %
USD Cash - 81%