The aim of the Index is to provide an investable passive benchmark for the broader crypto-asset market by tracking the financial performance of the top eligible crypto assets. The weight of each constituent is determined based on its market cap. The Index applies a mechanism to reduce concentration into single constituents.
Index powered using Kaiko data.
Universe of Index Components
The following instruments selected from the Reference Market: Crypto Assets
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 ("IndexComponentSelectionCriteria").
On each Rebalancing Determination Date the following filter criteria are applied to the Index Universe. An instrument is eligible, if:
a) it is permitted as an underlying instrument for derivatives in accordance with the SIX Exchange Regulation, Circular No. 3 - Practice for the Listing of Derivatives (CIR3), or a successor thereof;
b) it is eligible as underlying instrument for derivatives according to: structuredproducts-ch.leonteq.com/crypto-assets, or a successor thereof;
c) it has a price that is set regularly and publicly accessible;
d) it has a market capitalization of at least USD three (3.0) bn;
e) it has a price history of at least ninety (90) calendar days;
f) it is not a stable coin or has not been designed as anonymous or privacy coins.
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.
If there are more than twenty-five (25) Index Components that meet the above criteria exist, the largest twenty-five (25), ranked by market capitalization, are selected.