NWS30 – OVERVIEW
2100news Digital Assets 30 Blue Chip Index (NWS30)
The 2100news Digital Assets 30 Blue Chip Index (NWS30) is a market capitalization weighted index composed of 30 of the most valuable digital assets by market capitalization. The market capitalization of each member is calculated for each asset, then adjusted to reflect the publicly available amount (float) of each asset available today. There are no limits set on the weight of any individual constituent. The market cap of each asset spans from $300 million to $120 billion USD.
It is understood that some will disagree with the decision to have no cap on the weight of bitcoin or ethereum. After much consideration, we decided that providing a pure market cap weighted index would best capture the asset class, especially when considering that the great majority of people are unaware of or just beginning to explore the industry. For those who disagree, we provide the 2100news Digital Assets 100 Large Cap Index (NWSL100), which will better capture the performance of the rest of the market.
At each weekly rebalance, every asset will have a new weighting of the total index, and the constituent weighting is unchanged until the next rebalance.
It is the objective of the 2100news Digital Assets Indexes to provide accurate benchmarks for the financial performance of cryptocurrencies and other digital assets to investors. The 2100news Digital Assets family of indexes are intended to help facilitate communication between the cryptocurrency community and both the professional investment industry and individuals interested in exploring this new asset class. The indexes are reflective of the returns an investor would achieve by purchasing all of the assets at the corresponding weights for each index and are rebalanced weekly to account for the inflation rate of each asset, changes in market pricing, and the addition and deletion of index members. Constructed in this way, the 2100news Digital Assets indexes are a much more accurate benchmark for the performance of the industry to an investor than simple gross market capitalizations.