The Calculation Agent announces that there will be no new constituents of the Nasdaq Crypto Index (NCI) when the index is rebalanced on December 1st, 2021. In accordance with the methodology, the constituents and their respective free float supplies as observed at 00:00:00 UTC, on November 23rd, 2021, are:
| Asset | Ticker | Free Float Supply |
|---|---|---|
| Bitcoin Cash | BCH | 13042717.89 |
| Bitcoin | BTC | 15081725.86 |
| Ethereum | ETH | 108236649.95 |
| Filecoin | FIL | 118580566.63 |
| Chainlink | LINK | 387068331.64 |
| Litecoin | LTC | 65920511.58 |
| Uniswap | UNI | 322155521.64 |
| Stellar Lumens | XLM | 15861275269.78 |
The reconstitution and rebalance of the NCI will take place on December 1st, 2021.
To view both the NCI Real Time Index and NCI Daily Settlement Price click here.
For further details on the Nasdaq Crypto Index click here.
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Our market recap offers a concise overview of key blockchain categories and their recent price action within the broader market context, providing valuable insights for investors and industry practitioners.

Gabriel Selby
Large caps rebounded in a beta-led rally as Sectors like DeFi and Culture mean reverted. Staking rate changes wavered. Bitcoin implied volatility fell despite realized vol's rise; funding rates diverged: BTC (BIRC) steeper, USDT softer. In Factors: Downside Beta and Liquidity edged Growth and Value.

CF Benchmarks
The checklist for a durable low—lower implied volatility, term structure back to contango, skew nearer neutral—has been partially met, but not conclusively so, as yet.

Ken Odeluga