iC15

The INDEX OF CRYPTOS (IC15) is a rule-based broad market index by market capitalization, that tracks the performance of widely traded liquid cryptocurrencies in the world. The index enables crypto enthusiasts, investors, and investment managers to monitor the performance of cryptocurrencies in the global markets.

Features of the Index
  • Industry barometer
  • Simple and easy to replicate
  • Transparent and efficient benchmark
  • Lower cost for investment vehicles
  • Designed for robo-investors
Benefits of IC15
  • A true benchmark of the underlying crypto market with a diversified representation of overall market sentiments
  • A performance benchmark
  • Can be accurately replicated for creation of Index linked products like Index funds, ETFs, structured products etc.

Index Construction

Eligibility Criteria

  • Top 400 coins in terms of market capitalization
  • Only cryptocurrencies coins are considered
  • Stable Coins are not eligible

Universe Selection

  • The eligible Index constituent should have traded on at least 90% of trading days during the Review Period
  • The eligible Index constituent should be in the top 100 most liquid cryptocurrencies in terms of Trading Value during the preceding month
  • The eligible Index constituent should also be in the top 50 in terms of the circulating market capitalization during the preceding month

Index Basket Creation

  • Top 15 cryptocurrencies in terms of circulating market capitalization are eligible to be a part of the Index.
  • The Index Committee decides on the final basket of IC15 and may consider mid-term review of the Index basket in exceptional situations.

Circulating Market Capitalization

Circulating market capitalization of each cryptocurrency is calculated by multiplying the Price by the Circulating Supply of each Cryptocurrency.

Constituent Numbers

The number of Index constituents shall be 15 Cryptocurrencies.

Constituent Weightings

All Index constituent's weightage shall be determined based on their Market Capitalization.

Index Calculations

Index Value Calculation (Reconstitution and Rebalancing)

The index value is calculated as follows:

Index Value is equal to the sum total of Circulating Market Capitalization of Index Basket divided with the Index Divisor and then multiplied it with the base value of 10,000.

Index Divisor

On the base date, the divisor is calculated based on the circulating market capitalization of all the Index Constituents. The Index divisor is normalized during every rebalancing period by multiplying it with a normalization factor. The normalization factor is the ratio of sum total of circulating market capitalization of the new Index basket to the sum total of circulating market capitalization of the old Index basket.

Base Value and Base Date

The base value of the Index is set at 10,000 on the base date as 01, April 2018.

Index Rebalancing And Reconstitution

  • Review Period: Quarterly basis. The cut-off date for the review period shall be the fifteenth calendar day of March, June, September, and December
  • Effective date of the Index Reconstitution: The Index Reconstitution (Inclusion and Exclusion of the Index constituents) and Rebalancing (adjustment of the Divisor) shall be implemented on the first Business Day of the calendar months of April, July, October and January

Announcement for the change in Index Basket

The change in the Index Constituents shall be announced five business days prior to the Reconstitution Date.

Currency

The Index value shall be based on the USDT.

Index Precision

The Index value shall be rounded to the nearest two decimal places.

Index Dissemination

The Index shall be publicly available on IC15 page of 3-verse.io, 3.0 verse android & iOS app and other platforms.

Index Committee

The Index Committee comprises of domain experts, industry practitioners, and academicians

IC15 Facts

Base Date 01-04-2018
Base Value 10000
Currency USDT
Daily Volatility * 2.07%
Constituents 15
Review Frequency Quarterly

Historical returns of IC15

  2019 2020 2021 2022 2023
Jan - Mar 11% -7% 124% -4% 60%
Apr - Jun 127% 41% -26% -62% 5 %
Jul - Sep -29% 26% 30% 7% -13%
Oct - Dec -15% 138% 10% -15% 56%

Return of IC15 vs Other Market Indicators

  2019 2020 2021 2022 2023*
IC15 53% 294% 138% -67% 129%
NASDAQ 38% 48% 27% -33% 54%
Sensex 14% 16% 22% 4% 19%
Gold 19% 25% 3% 0% 13%
S&P 500 29% 16% 27% -19% 24%

IC15 Price Correlation with Market Indicators

NASDAQ Sensex Gold S&P 500
71% 63% 72% 70%
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iC15 Index constituents along with their Symbol & weights

2023

129.11%

  • Q4

    Index
    Value
    • 31-Dec-23
    • 54822.99
    Return

    56.33%

  • Q3

    Index
    Value
    • 30-Sep-23
    • 35069.73
    Return

    -12.97%

  • Q2

    Index
    Value
    • 30-Jun-23
    • 40296.06
    Return

    4.95%

  • Q1

    Index
    Value
    • 31-MAR-23
    • 38395.50
    Return

    60.46%

2022

-66.52%

  • Q4

    Index
    Value
    • 31-DEC-22
    • 23928.87
    Return

    -15.19%

    Token Symbol Weights
    BitcoinBitcoin BTC 55.04%
    EthereumEthereum ETH 25.28%
    Binance CoinBinance Coin BNB 7.01%
    XRPXRP XRP 2.65%
    DogecoinDogecoin DOGE 1.60%
    CardanoCardano ADA 1.48%
    LitecoinPolygon MATIC 1.14%
    PolkadotPolkadot DOT 0.89%
    LitecoinLitecoin LTC 0.88%
    TerraTRON TRX 0.87%
    SHIBSHIBA INU SHIB 0.77%
    Bitcoin CashUniswap UNI 0.69%
    SolanaSolana SOL 0.62%
    TerraAvalanche AVAX 0.58%
    ChainlinkChainlink LINK 0.49%

  • Q3

    Index
    Value
    • 30-SEP-22
    • 28215.43
    Return

    -7.10%

    Token Symbol Weights
    BitcoinBitcoin BTC 54.88%
    EthereumEthereum ETH 23.52%
    Binance CoinBinance Coin BNB 7.13%
    XRPXRP XRP 3.06%
    CardanoCardano ADA 2.16%
    SolanaSolana SOL 1.71%
    DogecoinDogecoin DOGE 1.18%
    PolkadotPolkadot DOT 1.07%
    LitecoinPolygon MATIC 1.00%
    SHIBSHIBA INU SHIB 0.90%
    TerraTRON TRX 0.85%
    TerraAvalanche AVAX 0.74%
    Bitcoin CashUniswap UNI 0.72%
    LitecoinLitecoin LTC 0.55%
    ChainlinkChainlink LINK 0.53%

  • Q2

    Index
    Value
    • 30-JUN-22
    • 26345.22
    Return

    -61.6%

    Token Symbol Weights
    BitcoinBitcoin BTC 60.17%
    EthereumEthereum ETH 20.55%
    Binance CoinBinance Coin BNB 5.79%
    CardanoCardano ADA 2.45%
    XRPXRP XRP 2.38%
    SolanaSolana SOL 1.83%
    DogecoinDogecoin DOGE 1.39%
    PolkadotPolkadot DOT 1.26%
    SHIBSHIBA INU SHIB 0.90%
    TerraAvalanche AVAX 0.76%
    LitecoinPolygon MATIC 0.61%
    LitecoinLitecoin LTC 0.60%
    UniswapCronos CRO 0.46%
    ChainlinkChainlink LINK 0.46%
    Bitcoin CashNEAR Protocol NEAR 0.38%

  • Q1

    Index
    Value
    • 31-MAR-22
    • 68575.821
    Return

    -4.06%

2021

148%
upto 15 Dec

  • Q4

    Index
    Value
    • 15-DEC-21
    • 75,124.47
    Return

    15.36%

    Token Symbol Weights
    BitcoinBitcoin BTC 52.19%
    EthereumEthereum ETH 26.95%
    Binance CoinBinance Coin BNB 5.10%
    SolanaSolana SOL 3.10%
    CardanoCardano ADA 2.48%
    XRPXRP XRP 2.21%
    PolkadotPolkadot DOT 1.51%
    TerraAvalanche AVAX 1.39%
    DogecoinDogecoin DOGE 1.36%
    AvalancheTerra LUNA 1.31%
    LitecoinLitecoin LTC 0.60%
    UniswapUniswap UNI 0.54%
    ChainlinkChainlink LINK 0.52%
    Bitcoin CashBitcoin Cash BCH 0.48%
    Internet ComputerInternet Computer ICP 0.28%

  • Q3

    Index
    Value
    • 30-SEP-18
    • 65,122.31
    Return

    30.47%

    Token Symbol Weights
    BitcoinBitcoin BTC 54.51%
    EthereumEthereum ETH 23.36%
    Binance CoinCardano ADA 4.48%
    SolanaBinance Coin BNB 4.30%
    CardanoXRP XRP 2.94%
    XRPSolana SOL 2.77%
    PolkadotPolkadot DOT 1.87%
    TerraDogecoin DOGE 1.78%
    DogecoinUniswap UNI 0.95%
    AvalancheChainlink LINK 0.72%
    LitecoinLitecoin LTC 0.68%
    UniswapBitcoin Cash BCH 0.63%
    ChainlinkStellar XLM 0.44%
    Bitcoin CashTHETA THETA 0.33%
    aaveAave AAVE 0.24%

  • Q2

    Index
    Value
    • 30-JUN-21
    • 49,912.30
    Return

    -25.77%

    Token Symbol Weights
    BitcoinBitcoin BTC 56.79%
    EthereumEthereum ETH 22.91%
    SolanaBinance Coin BNB 4.02%
    Binance CoinCardano ADA 3.82%
    CardanoDogecoin DOGE 2.86%
    XRPXRP XRP 2.82%
    PolkadotPolkadot DOT 1.36%
    TerraUniswap UNI 0.96%
    DogecoinBitcoin Cash BCH 0.85%
    AvalancheLitecoin LTC 0.83%
    LitecoinChainlink LINK 0.73%
    UniswapTHETA THETA 0.60%
    ChainlinkWrapped Bitcoin WBTC 0.59%
    Bitcoin CashStellar XLM 0.57%
    aaveAave AAVE 0.28%

  • Q1

    Index
    Value
    • 31-MAR-21
    • 67,235.66
    Return

    123.63%

    Token Symbol Weights
    BitcoinBitcoin BTC 71.49%
    EthereumEthereum ETH 14.37%
    SolanaBinance Coin BNB 3.03%
    Binance CoinCardano ADA 2.48%
    CardanoPolkadot DOT 2.23%
    XRPXRP XRP 1.69%
    PolkadotLitecoin LTC 0.86%
    TerraChainlink LINK 0.79%
    DogecoinBitcoin Cash BCH 0.66%
    AvalancheStellar XLM 0.61%
    LitecoinWrapped Bitcoin WBTC 0.54%
    UniswapTRON TRX 0.43%
    ChainlinkMonero XMR 0.29%
    Bitcoin CashEOS EOS 0.27%
    aaveBitcoin SV BSV 0.26%

2020

293%

  • Q4

    Index
    Value
    • 31-DEC-20
    • 30,066.09
    Return

    137.64%

    Token Symbol Weights
    BitcoinBitcoin BTC 79.37%
    EthereumEthereum ETH 12.39%
    Binance CoinXRP XRP 1.47%
    CardanoLitecoin LTC 1.22%
    XRPBitcoin Cash BCH 0.94%
    PolkadotCardano ADA 0.83%
    TerraBinance Coin BNB 0.79%
    DogecoinChainlink LINK 0.66%
    AvalancheBitcoin SV BSV 0.45%
    LitecoinStellar XLM 0.41%
    UniswapMonero XMR 0.41%
    ChainlinkEOS EOS 0.36%
    Bitcoin CashTRON TRX 0.28%
    Internet ComputerTezos XTZ 0.22%
    Internet ComputerCrypto.com Coin CRO 0.19%

  • Q3

    Index
    Value
    • 30-SEP-20
    • 12,652.20
    Return

    25.63%

    Token Symbol Weights
    BitcoinBitcoin BTC 70.38%
    EthereumEthereum ETH 14.35%
    Binance CoinXRP XRP 3.85%
    XRPBitcoin Cash BCH 1.49%
    CardanoBinance Coin BNB 1.49%
    PolkadotChainlink LINK 1.35%
    TerraBitcoin SV BSV 1.12%
    DogecoinCardano ADA 1.11%
    AvalancheLitecoin LTC 1.07%
    LitecoinEOS EOS 0.85%
    UniswapMonero XMR 0.68%
    ChainlinkTRON TRX 0.66%
    Bitcoin CashTezos XTZ 0.59%
    Internet ComputerStellar XLM 0.55%
    Internet ComputerUNUS SED LEO LEO 0.45%

  • Q2

    Index
    Value
    • 30-JUN-20
    • 10,070.69
    Return

    41.20%

    Token Symbol Weights
    BitcoinBitcoin BTC 74.48%
    EthereumEthereum ETH 11.17%
    Binance CoinXRP XRP 3.44%
    XRPBitcoin Cash BCH 1.81%
    CardanoBitcoin SV BSV 1.29%
    PolkadotLitecoin LTC 1.19%
    TerraBinance Coin BNB 1.06%
    DogecoinEOS EOS 0.97%
    AvalancheCardano ADA 0.95%
    LitecoinTezos XTZ 0.77%
    UniswapChainlink LINK 0.71%
    ChainlinkStellar XLM 0.60%
    Bitcoin CashUNUS SED LEO LEO 0.56%
    Internet ComputerMonero XMR 0.50%
    Internet ComputerTRON TRX 0.48%

  • Q1

    Index
    Value
    • 31-MAR-20
    • 7,132.02
    Return

    -6.65%

    Token Symbol Weights
    BitcoinBitcoin BTC 73.62%
    EthereumEthereum ETH 9.21%
    Binance CoinXRP XRP 4.79%
    XRPBitcoin Cash BCH 2.52%
    CardanoBitcoin SV BSV 1.90%
    PolkadotLitecoin LTC 1.58%
    TerraEOS EOS 1.28%
    DogecoinBinance Coin BNB 1.22%
    AvalancheTezos XTZ 0.71%
    LitecoinUNUS SED LEO LEO 0.65%
    UniswapMonero XMR 0.52%
    ChainlinkStellar XLM 0.52%
    Bitcoin CashChainlink LINK 0.50%
    Internet ComputerCardano ADA 0.49%
    Internet ComputerTRON TRX 0.48%

2019

48%

  • Q4

    Index
    Value
    • 31-DEC-20
    • 7,639.75
    Return

    -14.88%

    Token Symbol Weights
    BitcoinBitcoin BTC 76.42%
    EthereumEthereum ETH 8.28%
    Binance CoinXRP XRP 4.90%
    XRPBitcoin Cash BCH 2.18%
    CardanoLitecoin LTC 1.54%
    PolkadotEOS EOS 1.43%
    TerraBinance Coin BNB 1.25%
    DogecoinBitcoin SV BSV 1.03%
    AvalancheStellar XLM 0.53%
    LitecoinTRON TRX 0.52%
    UniswapCardano ADA 0.50%
    ChainlinkUNUS SED LEO LEO 0.45%
    Bitcoin CashMonero XMR 0.36%
    Internet ComputerIOTA MIOTA 0.26%
    Internet ComputerDash DASH 0.22%

  • Q3

    Index
    Value
    • 30-SEP-19
    • 8,975.25
    Return

    -28.54%

    Token Symbol Weights
    BitcoinBitcoin BTC 74.49%
    EthereumEthereum ETH 9.71%
    Binance CoinXRP XRP 5.52%
    XRPBitcoin Cash BCH 2.06%
    CardanoLitecoin LTC 1.78%
    PolkadotEOS EOS 1.38%
    TerraBinance Coin BNB 1.23%
    DogecoinBitcoin SV BSV 0.78%
    AvalancheStellar XLM 0.62%
    LitecoinCardano ADA 0.50%
    UniswapMonero XMR 0.49%
    ChainlinkTRON TRX 0.48%
    Bitcoin CashIOTA MIOTA 0.37%
    Internet ComputerDash DASH 0.32%
    Internet ComputerNeo NEO 0.27%

  • Q2

    Index
    Value
    • 30-JUN-19
    • 12,559.24
    Return

    127.39%

    Token Symbol Weights
    BitcoinBitcoin BTC 68.75%
    EthereumEthereum ETH 11.08%
    Binance CoinXRP XRP 6.03%
    CardanoLitecoin LTC 2.73%
    XRPBitcoin Cash BCH 2.55%
    PolkadotEOS EOS 1.90%
    TerraBinance Coin BNB 1.64%
    DogecoinBitcoin SV BSV 1.24%
    ChainlinkTRON TRX 0.76%
    LitecoinCardano ADA 0.76%
    AvalancheStellar XLM 0.72%
    UniswapMonero XMR 0.54%
    Internet ComputerDash DASH 0.50%
    Internet ComputerNeo NEO 0.42%
    Bitcoin CashIOTA MIOTA 0.39%

  • Q1

    Index
    Value
    • 31-MAR-19
    • 5,523.16
    Return

    10.64%

    Token Symbol Weights
    BitcoinBitcoin BTC 60.02%
    EthereumEthereum ETH 12.38%
    Binance CoinXRP XRP 10.70%
    PolkadotEOS EOS 3.14%
    CardanoLitecoin LTC 3.08%
    XRPBitcoin Cash BCH 2.48%
    TerraStellar XLM 1.72%
    DogecoinCardano ADA 1.50%
    ChainlinkTRON TRX 1.30%
    LitecoinMonero XMR 0.78%
    AvalancheDash DASH 0.78%
    UniswapIOTA MIOTA 0.71%
    Internet ComputerNeo NEO 0.54%
    Internet ComputerEthereum Classic ETC 0.44%
    Bitcoin CashNEM XEM 0.41%

2018

-50%
Apr - Dec

  • Q4

    Index
    Value
    • 31-DEC-20
    • 4,992.19
    Return

    -44.56%

    Token Symbol Weights
    BitcoinBitcoin BTC 59.98%
    Binance CoinXRP XRP 13.21%
    EthereumEthereum ETH 12.75%
    XRPBitcoin Cash BCH 2.43%
    CardanoEOS EOS 2.14%
    PolkadotStellar XLM 1.98%
    TerraLitecoin LTC 1.67%
    DogecoinTRON TRX 1.15%
    AvalancheCardano ADA 0.98%
    LitecoinIOTA MIOTA 0.91%
    UniswapMonero XMR 0.71%
    ChainlinkDash DASH 0.62%
    Bitcoin CashNEM XEM 0.53%
    Internet ComputerEthereum Classic ETC 0.50%
    Internet ComputerNeo NEO 0.45%

  • Q3

    Index
    Value
    • 30-SEP-18
    • 9,004.23
    Return

    -10.79%

    Token Symbol Weights
    BitcoinBitcoin BTC 58.33%
    EthereumEthereum ETH 12.12%
    Binance CoinXRP XRP 11.80%
    XRPBitcoin Cash BCH 4.69%
    CardanoEOS EOS 2.64%
    PolkadotStellar XLM 2.48%
    TerraLitecoin LTC 1.82%
    AvalancheCardano ADA 1.12%
    UniswapMonero XMR 0.97%
    LitecoinIOTA MIOTA 0.80%
    ChainlinkDash DASH 0.80%
    DogecoinTRON TRX 0.74%
    Internet ComputerNeo NEO 0.63%
    Internet ComputerEthereum Classic ETC 0.61%
    Bitcoin CashNEM XEM 0.44%

  • Q2

    Index
    Value
    • 01-APR-18
    • 10,000.00
    • 30-JUN-18
    • 10,092.76
    Return

    0.93%

    Token Symbol Weights
    BitcoinBitcoin BTC 49.80%
    EthereumEthereum ETH 20.75%
    Binance CoinXRP XRP 8.31%
    XRPBitcoin Cash BCH 5.85%
    CardanoEOS EOS 3.31%
    TerraLitecoin LTC 2.11%
    PolkadotStellar XLM 1.65%
    AvalancheCardano ADA 1.62%
    LitecoinIOTA MIOTA 1.27%
    DogecoinTRON TRX 1.15%
    UniswapMonero XMR 0.96%
    Internet ComputerNeo NEO 0.90%
    ChainlinkDash DASH 0.88%
    Internet ComputerEthereum Classic ETC 0.75%
    Bitcoin CashNEM XEM 0.67%

IC15 Facts

Base Date 01-04-2018
Base Value 10,000
Currency USDT
Daily Volatility * 2.07%
Constituents 15
Review Frequency Quarterly
*Period January 2023 to December 2023

Historical returns of IC15

  2019 2020 2021 2022 2023
Jan - Mar 11% -7% 124% -4% 60%
Apr - Jun 127% 41% -26% -62% 5 %
Jul - Sep -29% 26% 30% 7% -13%
Oct - Dec -15% 138% 10% -15% 56%

Return of IC15 vs Other Market Indicators

  2019 2020 2021 2022 2023*
IC15 53% 294% 138% -67% 129%
NASDAQ 38% 48% 27% -33% 54%
Sensex 14% 16% 22% 4% 19%
Gold 19% 25% 3% 0% 13%
S&P 500 29% 16% 27% -19% 24%

IC15 Price Correlation with Market Indicators

NASDAQ Sensex Gold S&P 500
71% 63% 72% 70%
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