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Update To The Methodology Of The BNC-BTSE Composite & Altcoin Index

Following the Quarterly Index Review and approval from the Brave New Coin (BNC) Oversight Committee, the BNC Index Committee will update the methodology of the BNC-BTSE Composite Index (BBCX) and the BNC-BTSE AltCoin Index (BBAX).

The changes to the methodology are summarized below and will be reflected in the respective index methodology. Updates to the methodology were made to ensure the Index can best measure the underlying interest.

 

BNC-BTSE Composite Index methodology changes:

Methodology Section Current Methodology Updated  Methodology
Maximum Basket Size 1.0 The index tracks a 3 asset basket, weighted by free float market capitalization, capped at 60%. The index has a maximum basket size of 5 assets and is rebalanced quarterly based on a free float market capitalization weighting with a cap of 35%.

 

BNC-BTSE AltCoin Index methodology changes:

Methodology Section Current Methodology Updated  Methodology
Maximum Basket Size 1.0 The index tracks a 4 asset basket, weighted by free float market capitalization, capped at 40%. The index has a maximum basket size of 5 assets and is rebalanced quarterly based on a free float market capitalization weighting with a cap of 35%.

 

These changes do not affect the day-to-day calculation of the index, only those assets that are eligible for selection and the number of assets selected at the quarterly rebalance. As such, this change will be in effect at the next rebalance, Wednesday, February 2, 2022 at 08:00 am (UTC).

 


Please see the below public release for full details on this announcement.


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