BLOCKCHAIN INDEX CRITERIA
CONSTITUENT ELIGIBILITY REQUIREMENTS
Securities are selected based on the following four criteria:
- Companies actively engaged in the R&D, proof-of-concept testing, and/or implementation of blockchain technology.
- Companies profiting from the demand for blockchain-based applications such as cryptocurrency and mining.
- Companies partnering with and/or directly investing in companies that are actively engaged in the development and/or or use of blockchain technology.
- Member of multiple consortiums or groups dedicated to the exploration of blockchain technology use.
Companies are designated as Core blockchain companies if they derive significant direct revenue, as defined by the Index provider, from blockchain-related business and/or are among the largest 5 investors in blockchain-engaged companies as defined by the Index provider.
Companies are designated as Non-Core blockchain companies if they directly invest or partner in blockchain technology companies, participate in multiple blockchain industry consortiums, and/or provide consulting services to companies actively engaged in the R&D, proof-of-concept testing, and/or implementation of blockchain technology.
Listing on a regulated stock exchange in the form of shares tradable for foreign investors without restrictions.
Market capitalization of at least 200 million USD, excluding exchange listed investment vehicles.
Minimum price at time of purchase of $3 per share USD, excluding exchange listed investment vehicles.
Average daily trading volume of at least 1,000,000 USD over the last six months, excluding exchange listed investment vehicles.
Adequate constituent liquidity and accessibility for an exchange listed product as determined by the Index Provider.
Non-US companies will be U.S. exchange traded ADR versions if available, assuming they meet
liquidity and accessibility requirements defined previously, otherwise local shares will be utilized that meet these requirements.
No local shares, only ADRs, will be held for companies domiciled in emerging markets or those listed on small regional exchanges.