Quarterly Rebalance Notice For The BNC-BTSE Altcoin Index July 2020
Following approval from the BNC-ÂBTSE index committee, Brave New Coin will perform a rebalancing of the BNC-ÂBTSE Altcoin Index (BBAX) according to the updated constituent weights.
This will be implemented on Wednesday, August 05, 2020 at 08:00 am (UTC) with no anticipated disruption.
Constituent weights were calculated on July 26 using the closing free float market capitalization of the preceeding 5 days. Where needed, constituent assets were capped based on the index cap of 40% and subject to a minimum turnover requirement of 10 basis points.
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Please see the below public release for full details on this announcement.
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