The STOXX® Digital Asset Blue Chip index aims to track high-quality assets that represent the crypto universe. The index was launched in partnership with Bitcoin Suisse, a leading Swiss crypto-financial services provider and brings together STOXX’s transparent and rules-based index methodology with Bitcoin Suisse’s expertise in the crypto space.
A blue-chip focus means the index does not just select the largest crypto assets by market capitalization, but instead tracks the performance of those assets which are deemed to be “blue-chip” in terms of quality, activity, robustness and financial strength.
The use of the Bitcoin Suisse Taxonomy ensures the incorporation of assets from different sectors. Capping enables significant representation of assets other than the dominant Bitcoin and Ethereum.
A second index, the STOXX® Digital Asset Blue Chip X, was launched alongside the STOXX Digital Asset Blue Chip index. The STOXX Digital Asset Blue Chip X excludes assets not eligible on Xetra. Both indices are suited to serve as underlyings for exchange traded products (ETPs), derivatives, or structured products.
Key facts
- The indices provide exposure to high-quality digital assets
- Use of the Bitcoin Suisse Taxonomy provides systematic structuring of the asset class and ensures incorporation of assets from different sectors
- Selection metrics are based on the quality, robustness, activity and financial strength of assets
- Capping enables significant representation of assets other than Bitcoin and Ethereum
Key benefits
Diversified
The index captures assets from different sectors of the crypto market: Cryptocurrency, Smart Contract Platforms, Decentralized Finance and Utility
Representative
The index weighting scheme with a 30% cap provides representative market exposure
Sector consideration
Crypto assets are scored, and ranked against competing assets on a sector level
Quality assets
Screened assets are scored, tracked and ranked against competing assets on a sector level
Transparency
Asset selection incorporates a quantitative fundamental analysis
Executable asset pricing
Executable prices are calculated using Bitcoin Suisse’s proprietary pricing methodology
Index performance
Index methodology
| Universe | The list of eligible tokens is derived from all assets classified under the Bitcoin Suisse Index Reference Classification List (xRCL), which covers over 300 assets. |
| Selection | Assets are selected based on a multi-step procedure which seeks to identify the most representative assets per sector: 1. Acceptance criteria: Top 75; two eligible exchanges; BTC & ETH at least one FIAT trading pair, excluding wrapped, liquid staked, liquidity pool tokens, other TradFi instrument, stablecoins and privacy coins. 2. Determined criterion ranking per sector Criterion: Age, Total Value Scored, Developer Community, Active Addresses, and Economic Activity. 3. Create composite score per asset Tokens which rank in the top 1/2 of the sector in 4 out of 5 criteria are selected to be in the index portfolio. |
| Composition | The final composition list comprises of all assets that fulfil the requirements. |
| Weighting | Market capitalization with capping at 30%. |
| Review | Quarterly (March, June, September and December) based on the eligible universe determined bi-annually. |
For more detailed information, please refer to the methodology guide:
STOXX Index Guide
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