Objective The Wave Select 20 Index is designed to
represent the overall digital asset market,
and currently covers ~95% of market cap,
providing pure beta exposure.
Methodology The Wave Select 20 Index includes the top 20 digital assets weighted by market capitalization and rebalances monthly.
We employ a rigorous framework to our index to ensure low turnover, quality assets and insulation from exogenous risk. To learn more about how we've structured the index, schedule a meeting with us and download our materials below.
Inclusion Criteria: We exclude coins pegged to assets such as the USD based coins, and also exclude privacy coins to protect against regulatory risks.
We also consistently monitor the liquidity and legitimacy of index constituents to ensure only quality coins are included.
Our Thesis We believe that crypto currencies act as
economies of scale, with the large assets likely
to remain market leaders over the next few
years -- making index investment an attractive
way to invest in the future of crypto assets.
At Wave we also believe in the potential of new and
promising assets. As such, we include the top
20 to catch fringe performers before they reach
full potential. A similar top 10 or top 15 index would
catch high performers much later.
Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. Index performance does not include the fees and expenses that are charged by the Fund. Please refer to additional important disclaimers here. The inception date for the Index is February 1, 2019.