BBCX Index Quarterly Re-balancing Update
QUARTERLY RE-BALANCE NOTICE FOR THE BNC-BTSE COMPOSITE INDEX
Following approval from the BNC-BTSE index committee, Brave New Coin will perform a re-balancing of the BNC-BTSE Composite Index (BBCX) according to the updated constituent weights found below. This will be implemented on Thursday, January 30, 2020 at 08:00 AM (UTC) with no anticipated disruption.
Constituent weights were calculated on January 15 using the closing market capitalization of the preceeding 5 days. Where needed constituent assets were capped based on the index cap of 60% and subject to a minimum turnover requirement of 10 basis points.
Updated constituent weights: for the period Feb Apr, 2020
Asset MCAP Weight Change
BTC 88.46% 60.00% none
ETH 9.59% 33.25% none
LTC 1.95% 6.75% none
Note: although constituent weights have not changed, the forthcoming rebalance will still act to realign the index back to these weightings.
For more information about the BNC-BTSE Composite Index, please visit: BNC-BTSE Composite Index
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