The CoinDesk 5 Index measures the performance of the largest and most liquid five digital assets included in the CoinDesk 20 Index.
Formerly called the CoinDesk Large Cap Select Index, CoinDesk 5 reflects Bitcoin dominance in the digital asset class, while also providing exposure to Ethereum and other leading cryptocurrencies. Constituents are weighted by market capitalization and rebalanced quarterly.
Key Features of the CoinDesk 5 Index:
- Eligibility: Selects from the top five largest assets of the CoinDesk 20 Index. For more information on the CoinDesk 20 Index, please visit the website.
- Market capitalization-weighting: Constituents are weighted by market cap.
- Liquid: Focused on assets with high liquidity for implementation.
- Exclusions: Stablecoins, memecoins, privacy/gas tokens, wrapped tokens, staked assets and pegged assets.
- Calculated and published once every five seconds.
- Quarterly Reconstitution: Aligns with CoinDesk 20 reconstitutions, using buffers to reduce turnover and adhering to a robust governance framework.
- Methodology: Complete rules for CoinDesk 5 can be found in the methodology.
