Financial

Wave Select 20 Index

An algorithmic, rules based index that intends to provide exposure to the top 20 digital assets weighted by market capitalization

Wave Select 20 Index

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.

We believe new and promising assets are meaningful components of the index. 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.

Current Index Value:
249.72
249.72
Return Since Inception
149.72%

6/19/2019

Last updated: 

Index Constituents

As of
6/19/2019
Asset
%
1. BTC
62.4%
2. ETH
11.1%
3. XRP
8.3%
4. EOS
2.9%
5. BCH
2.9%
6. LTC
2.9%
7. bnb
2.1%
8. XLM
1.2%
9. ADA
1.1%
10. TRX
1.0%
Asset
%
11. BSV
0.6%
12. IOT
0.6%
13. XTZ
0.5%
14. ETC
0.4%
15. NEO
0.4%
16. MKR
0.4%
17. ONT
0.4%
18. XEM
0.3%
19. BAT
0.3%
20. CRO
0.3%

Track the Index

Last Updated:
6/19/2019

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. Tracking of the Select 20 Index was initiated February 1, 2019. 

Key Facts

Number of Constituents
20
Market coverage
96%
Inception Date
February 1st, 2019
inception value
$100
Rebalancing
Monthly
Constituents
20

Downloads

Historical data
Wave Crypto Indices

Download Index Data

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