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MVIS Index Guide

The document is an index guide for MVIS® Digital Assets Indices, detailing methodologies, index universe, definitions, and ongoing maintenance. It includes a comprehensive list of various digital asset indices and their specifications. The guide serves as a resource for understanding the structure and calculation of these indices.

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cr.vd.pol1979
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0% found this document useful (0 votes)
41 views69 pages

MVIS Index Guide

The document is an index guide for MVIS® Digital Assets Indices, detailing methodologies, index universe, definitions, and ongoing maintenance. It includes a comprehensive list of various digital asset indices and their specifications. The guide serves as a resource for understanding the structure and calculation of these indices.

Uploaded by

cr.vd.pol1979
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 69

INDEX GUIDE

MVIS® DIGITAL ASSETS INDICES


VERSION 1.54 | 03.2022
CONTENTS

Contents
1 Introduction 3
1.1 Approval of Index Methodologies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.2 Review of this Index Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

2 Index Universe 4
2.1 Index Universe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

3 General Definitions 5
3.1 Weighting Schemes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
3.2 Review Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.3 Pricing Source . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.4 Index Dissemination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

4 Indices 8
4.1 MVIS® CryptoCompare Digital Assets 5 Index . . . . . . . . . . . . . . . . . . . . . . . . 9
4.2 MVIS® CryptoCompare Digital Assets 10 Index . . . . . . . . . . . . . . . . . . . . . . . 11
4.3 MVIS® CryptoCompare Digital Assets 25 Index . . . . . . . . . . . . . . . . . . . . . . . 13
4.4 MVIS® CryptoCompare Digital Assets 100 Index . . . . . . . . . . . . . . . . . . . . . . . 15
4.5 MVIS® CryptoCompare Digital Assets Select Index . . . . . . . . . . . . . . . . . . . . . . 17
4.6 MVIS® CryptoCompare Crypto Leaders VWAP Close Index . . . . . . . . . . . . . . . . . 19
4.7 MVIS® CryptoCompare Decentralized Finance Index . . . . . . . . . . . . . . . . . . . . 20
4.8 MVIS® CryptoCompare Decentralized Finance Leaders Index . . . . . . . . . . . . . . . . 21
4.9 MVIS® CryptoCompare DeFi 20 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
4.10 MVIS® CryptoCompare Infrastructure Application Index . . . . . . . . . . . . . . . . . . . 23
4.11 MVIS® CryptoCompare Infrastructure Application Leaders Index . . . . . . . . . . . . . . . 24
4.12 MVIS® CryptoCompare Media & Entertainment Index . . . . . . . . . . . . . . . . . . . . 25
4.13 MVIS® CryptoCompare Media & Entertainment Leaders Index . . . . . . . . . . . . . . . . 26
4.14 MVIS® CryptoCompare Media & Entertainment Leaders Brazil Index . . . . . . . . . . . . 27
4.15 MVIS® CryptoCompare Optimum Global Cryptoasset Index . . . . . . . . . . . . . . . . . 28
4.16 MVIS® CryptoCompare Smart Contract Index . . . . . . . . . . . . . . . . . . . . . . . . 30
4.17 MVIS® CryptoCompare Smart Contract Leaders Index . . . . . . . . . . . . . . . . . . . . 31
4.18 MVIS® CryptoCompare Smart Contract Leaders Brazil Index . . . . . . . . . . . . . . . . 32
4.19 MVIS® CryptoCompare Smart Contract Leaders VWAP Close Index . . . . . . . . . . . . . 33
4.20 MVIS® CryptoCompare Algorand VWAP Close Index . . . . . . . . . . . . . . . . . . . . 35
4.21 MVIS® CryptoCompare Avalanche VWAP Close Index . . . . . . . . . . . . . . . . . . . . 36
4.22 MVIS® CryptoCompare Bitcoin Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
4.23 MVIS® CryptoCompare Institutional Bitcoin Index . . . . . . . . . . . . . . . . . . . . . . 38
4.24 MVIS® CryptoCompare Bitcoin VWAP Close Index . . . . . . . . . . . . . . . . . . . . . . 39
4.25 MVIS® CryptoCompare Bitcoin Benchmark Rate . . . . . . . . . . . . . . . . . . . . . . . 40
4.26 MVIS® CryptoCompare Global Bitcoin Benchmark Rate (AUD) . . . . . . . . . . . . . . . 41
4.27 MVIS® CryptoCompare Chainlink VWAP Close Index . . . . . . . . . . . . . . . . . . . . 42
4.28 MVIS® CryptoCompare Ethereum Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
4.29 MVIS® CryptoCompare Institutional Ethereum Index . . . . . . . . . . . . . . . . . . . . . 44
4.30 MVIS® CryptoCompare Ethereum VWAP Close Index . . . . . . . . . . . . . . . . . . . . 45
4.31 MVIS® CryptoCompare Ethereum Benchmark Rate . . . . . . . . . . . . . . . . . . . . . . 46
4.32 MVIS® CryptoCompare Global Ethereum Benchmark Rate (AUD) . . . . . . . . . . . . . . 47
4.33 MVIS® CryptoCompare FTX Token VWAP Close Index . . . . . . . . . . . . . . . . . . . . 48
4.34 MVIS® CryptoCompare NEAR VWAP Close Index . . . . . . . . . . . . . . . . . . . . . . 49
CONTENTS

4.35 MVIS® CryptoCompare Polkadot VWAP Close Index . . . . . . . . . . . . . . . . . . . . . 50


4.36 MVIS® CryptoCompare Polygon VWAP Close Index . . . . . . . . . . . . . . . . . . . . . 51
4.37 MVIS® CryptoCompare Solana VWAP Close Index . . . . . . . . . . . . . . . . . . . . . 52
4.38 MVIS® CryptoCompare Terra VWAP Close Index . . . . . . . . . . . . . . . . . . . . . . . 53
4.39 MVIS® CryptoCompare TRON VWAP Close Index . . . . . . . . . . . . . . . . . . . . . . 54
4.40 MVIS® CryptoCompare XRP Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
4.41 Weiss MVIS® Top Tech Adoption Rating Index . . . . . . . . . . . . . . . . . . . . . . . . 56

5 Ongoing Maintenance 57
5.1 Changes in Amount Outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
5.2 Changes due to Forks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
5.2.1 Addition of Forks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
5.2.2 No Addition of Forks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
5.3 Initial Coin Offerings (ICOs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
5.4 Changes to Pricing (CCCAGG) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
5.5 Changes to the Index Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
5.6 Discretion regarding the Use of Input Data and Extraordinary Events . . . . . . . . . . . . 59
5.7 Input Data and Contributor Selection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60

6 Calculation 61
6.1 Index Formula . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
6.1.1 Standard Indices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
6.1.2 MVIS CryptoCompare Benchmark Rates . . . . . . . . . . . . . . . . . . . . . . . 61
6.2 Input Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
6.3 Divisor Adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
6.4 Event Related Adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
6.5 Data Correction and Disruptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63

7 Appendix 65
7.1 Names and Tickers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
7.2 Launch Dates and Base Values . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
7.3 Changes to the Index Guide . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67

8 Disclaimer 68
1 INTRODUCTION

1 Introduction
In accordance with Art. 13 No. 1 (a) of Regulation (EU) 2016/1011 of the European Parliament and of
the Council of 8 June 2016 (the “Benchmark Regulation”), this document provides the rules for calculating
and maintaining the MVIS Digital Assets Index family (the “Indices”).
MVIS launched this index family mainly in cooperation with Crypto Coin Comparison Ltd. (CryptoCom-
pare).

MV Index Solutions GmbH (the “Index Owner”) makes no warranties or representations as to the accuracy
and/or completeness of the Indices and does not guarantee the results obtained by persons using the In-
dices in connection with trading funds or securities. The Index Owner makes no representations regarding
the advisability of investing in any fund or security.
The Index Owner reserves the right to update the rules in this Index Guide at any time. The Index Owner
also reserves the right to make, in exceptional cases or in temporary situations, exceptions to the rules
in this Index Guide. The Indices are the property of MV Index Solutions GmbH. The Index Owner has
selected an index calculator to calculate the Indices.
MVIS® is a registered trademark of Van Eck Associates Corporation and therefore protected ly against
unlawful usage. The use of MVIS Indices in connection with any financial products or for benchmarking
purposes requires a license. Please contact MV Index Solutions GmbH for more details.

1.1 Approval of Index Methodologies


The Index Owner has established the Indices and their individual methodology covered in this Index
Guide. A detailed written “Procedure for Index Development” describes the steps and approvals required
to develop, document and approve an Index and its methodology. The intention of the Procedure for
Index Development is to ensure that the methodology of an Index meets the requirements of Art. 12 of the
Benchmark Regulation and is approved and implemented according to a robust and reliable process.
The methodology for each index and its methodology covered in this Index Guide has been analysed
by the Index Owner’s Index Operations department in order to ensure that it is robust and reliable, has
clear rules on use of discretion, allows sustainable validation (based on reasonable back testing) and is
traceable and verifiable. Furthermore, the size, liquidity and transparence of the underlying market for
each methodology has been tested and particular circumstances for each relevant market have been taken
into account.

Each index methodology and the related detailed analysis was presented by the Index Operations Depart-
ment to the Independent Oversight Function for its approval. Based on the aforementioned approval pro-
cess and its documentation each Index Methodology was presented to the Management Board (Geschäfts-
führer) of the Index Owner for final approval.

1.2 Review of this Index Guide


According to Art. 13 No. 1 (b) of the Benchmark Regulation, the Index Owner reviews this Index Guide
on an annual basis and immediately in case of special circumstances that require a review. The review
takes place in meetings attended by the Independent Oversight Function and the Management Board of
the Index Owner. If changes to this Index Guide are considered necessary, the process described in
Section 5.5 applies.
2 INDEX UNIVERSE

2 Index Universe
2.1 Index Universe
The index universe of the MVIS CryptoCompare index family includes all crypto currencies (excl. security
tokens and financial instruments) covered by CryptoCompare in their Crypto Coin Comparison Aggre-
gated Index (‘CCCAGG’). A detailed list of these crypto currencies is available on request.
3 GENERAL DEFINITIONS

3 General Definitions
3.1 Weighting Schemes
Most MVIS CryptoCompare Digital Assets indices use cap-factors to guarantee diversification and avoid
overweighting. Please refer to the individual index description in section 4 for the capping scheme used.
Index weightings are reviewed on a monthly basis.

Weighting Scheme: 50%-Cap


The 50%-cap ensures diversification by assigning weights to components which cannot exceed 50% but
still ensures bigger sizes of bigger components.
All components are ranked by their market capitalisation. The maximum weight for any component is
50%. If a constituent exceeds the maximum weight, the weight will be reduced to the maximum weight
and the excess weight shall be redistributed proportionally across all other index components. This process
is repeated until no components have weights exceeding the respective maximum weight.

Weighting Scheme: 35%-Cap


The 35%-cap ensures diversification by assigning weights to components which cannot exceed 35% but
still ensures bigger sizes of bigger components.
All components are ranked by their market capitalisation. The maximum weight for any component is
35%. If a constituent exceeds the maximum weight, the weight will be reduced to the maximum weight
and the excess weight shall be redistributed proportionally across all other index components. This process
is repeated until no components have weights exceeding the respective maximum weight.

Weighting Scheme: 30%-Cap


The 30%-cap ensures diversification by assigning weights to components which cannot exceed 30% but
still ensures bigger sizes of bigger components.
All components are ranked by their market capitalisation. The maximum weight for any component is
30%. If a constituent exceeds the maximum weight, the weight will be reduced to the maximum weight
and the excess weight shall be redistributed proportionally across all other index components. This process
is repeated until no components have weights exceeding the respective maximum weight.

Weighting Scheme: 15%-Cap


The 15%-cap ensures diversification by assigning weights to components which cannot exceed 15% but
still ensures bigger sizes of bigger components.
All components are ranked by their market capitalisation. The maximum weight for any component is
15%. If a constituent exceeds the maximum weight, the weight will be reduced to the maximum weight
and the excess weight shall be redistributed proportionally across all other index components. This process
is repeated until no components have weights exceeding the respective maximum weight.

Weighting Scheme: 4.5%/20%/50%-Cap


This weighting scheme ensures diversification by assigning weights to constituents which cannot exceed
20% but still ensures bigger sizes of bigger components.

1. All index components are weighted by their market capitalisation.


3 GENERAL DEFINITIONS

2. All components exceeding 4.5% but at least the largest 5 components are grouped together (so
called “Large-Weights”) and all other components are grouped together as well (so called “Small-
Weights”).

3. The aggregated weighting of the Large-Weights is capped at 50%:


• Large-Weights: If the aggregated weighting of all components in Large-Weight exceeds 50%,
then a capping factor is calculated to bring the weighting down to 50% - at the same time a
second capping factor for the Small-Weights is calculated to increase the aggregated weight
to 50%. These two factors are then applied to all components in the Large-Weights or the
Small-Weights respectively. Then
• Large-Weights: The maximum weight for any component is 20% and the minimum weighting
is 5%. If a component is above the maximum or below the minimum weight, then the weight
will be reduced to the maximum weight or increased to the minimum weight and the excess
weight shall be redistributed proportionally across all other remaining index constituents in the
Large-Weights. Then
• Small-Weights: The maximum weight for any component is 4.5%. If a component is above
the maximum weight, then the weight will be reduced to the maximum weight and the excess
weight shall be redistributed proportionally across all other remaining index constituents in the
Small-Weights.

Weighting Scheme: Uncapped


An uncapped index reflects the real market capitalisation of its components.
All components are ranked by their market capitalisation without a capping. All weighting cap factors are
fixed at 1.

3.2 Review Schedule


All Indices are rebalanced monthly (the “Monthly Rebalance Date”), except the BBR/EBR, which follows a
semiannual review scheme.
The reviews for all indices are based on the opening data on the fourth but last business day in that month.
If a security does not trade on a business day, then the last available price for this security will be used.
A “business day” means any day (other than a Saturday or Sunday) on which commercial banks and
foreign exchange markets settle payments in Frankfurt.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.

Indices are rebalanced after closing of the last trading day in each month.

3.3 Pricing Source


For each component price in the MVIS CryptoCompare Indices, the respective CCCAGG by CryptoCom-
pare (www.cryptocompare.com) is used. CCCAGG is a weighted average of the latest available trading
price at each exchange covered. Exchanges can be added/removed by decision of CryptoCompare.
For clarification, ‘respective CCCAGG’ means

• Exchange selection might vary dependent on the respective index rules (see respective constraints
per index).
3 GENERAL DEFINITIONS

• Exchanges may be excluded if they are not licensed to be added to an index.


• Exchanges are not immediately added/removed, but only on a monthly basis or if required following
quality reviews from CryptoCompare.

• Values are not backadjusted.

3.4 Index Dissemination


The indices are calculated with the constituent prices converted to USD. Dissemination is in USD.
Real-time index values are calculated with the latest available CCCAGG prices.
4 INDICES

4 Indices
The following sections define all relevant index parameters, this includes
• Universe and selection lists,
• Review: selections and weightings,

• Dissemination: times, currencies and identifiers.


4 INDICES

4.1 MVIS® CryptoCompare Digital Assets 5 Index


The MVIS CryptoCompare Digital Assets 5 Index is designed to track the performance of the largest and
most liquid 5 digital assets (with a 3-7 buffer). All assets on the selection list must be listed on at least
one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. The 35% capping scheme as
described in section 3.1 is applied.

Review procedure:
1. The selection list contains all current components (which fulfil the listing criteria) with an average-
daily-trading value of at least 600,000 USD for the current month. Components of the MVIS Cryp-
toCompare Digital Assets 100 Index (see section 4.4), which have an average-daily-trading value
of at least 1,000,000 USD for the current month, are added to the selection list by size (top to
bottom), until a count of 10 is reached. Stablecoins (also called ‘price stable currencies’) which
are fiat collateralized and digital assets pegged to a currency or any other asset are not eligible
for the selection list. If there are no sufficient non-components which fulfil the liquidity criteria, ad-
ditional MVIS CryptoCompare Digital Assets 100 Index components are added to list by liquidity
(average-daily-trading value for the current month, top to bottom) until it contains 10 digital assets.
2. The selection list is ranked in two different ways - by market capitalisation in descending order
(the largest constituent receives rank “1”) and then by one-month average-daily-trading value in
descending order (the most liquid constituent receives rank “1”). These two ranks are added up.

3. The selection list is now ranked by the sum of the two ranks in step 2 in ascending order. If two
constituents have the same sum of ranks, then the larger constituent is placed on top.
4. The top 3 digital assets qualify for selection.

5. The remaining 2 components are selected from the highest ranked remaining index components
ranked between 4 and 7.
6. If the number of selected components is still below 5, then the highest ranked digital assets are
selected until the number of components equals 5.
For all events that result in a deletion from the index, the deleted component will be replaced with the
highest ranked non-component at the latest review. The replacement will be added with the same weight
as the deleted component. In case of a hard fork, which results in several active lines, rule 5.2.1 applies.
If an event causes the number of components to be greater than 5, the smallest components by market
capitalisation will be removed one day after the increase is effective (when a price and the main net is
available), until the number of components is 5 again.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Digital Assets 5 Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQM9 BYX8644 A2GGQM MVDA5 .MVDA5
4 INDICES

The index was launched on 23 October 2017 with a base index value of 100.00 as of 31 December
2014.
4 INDICES

4.2 MVIS® CryptoCompare Digital Assets 10 Index


The MVIS CryptoCompare Digital Assets 10 Index is designed to track the performance of the largest and
most liquid 10 digital assets (with a 7-13 buffer). All assets on the selection list must be listed on at least
one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. The 30% capping scheme as
described in section 3.1 is applied.

Review procedure:
1. The selection list contains all current components (which fulfil the listing criteria) with an average-
daily-trading value of at least 600,000 USD for the current month. Components of the MVIS Cryp-
toCompare Digital Assets 100 Index (see section 4.4), which have an average-daily-trading value
of at least 1,000,000 USD for the current month, are added to the selection list by size (top to
bottom), until a count of 20 is reached. Stablecoins (also called ‘price stable currencies’) which
are fiat collateralized and digital assets pegged to a currency or any other asset are not eligible
for the selection list. If there are no sufficient non-components which fulfil the liquidity criteria, ad-
ditional MVIS CryptoCompare Digital Assets 100 Index components are added to list by liquidity
(average-daily-trading value for the current month, top to bottom) until it contains 20 digital assets.
2. The selection list is ranked in two different ways - by market capitalisation in descending order
(the largest constituent receives rank “1”) and then by one-month average-daily-trading value in
descending order (the most liquid constituent receives rank “1”). These two ranks are added up.

3. The selection list is now ranked by the sum of the two ranks in step 2 in ascending order. If two
constituents have the same sum of ranks, then the larger constituent is placed on top.
4. The top 7 digital assets qualify for selection.

5. The remaining 3 components are selected from the highest ranked remaining index components
ranked between 8 and 13.
6. If the number of selected components is still below 10, then the highest ranked digital assets are
selected until the number of components equals 10.
For all events that result in a deletion from the index, the deleted component will be replaced with the
highest ranked non-component at the latest review. The replacement will be added with the same weight
as the deleted component. In case of a hard fork, which results in several active lines, rule 5.2.1 applies.
If an event causes the number of components to be greater than 10, the smallest components by market
capitalisation will be removed one day after the increase is effective (when a price and the main net is
available), until the number of components is 10 again.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Digital Assets 10 Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQF3 BYX85Y7 A2GGQF MVDA10 .MVDA10
4 INDICES

The index was launched on 23 October 2017 with a base index value of 100.00 as of 31 December
2014.
4 INDICES

4.3 MVIS® CryptoCompare Digital Assets 25 Index


The MVIS CryptoCompare Digital Assets 25 Index is designed to track the performance of the largest and
most liquid 25 digital assets (with a 20-30 buffer). All assets on the selection list must be listed on at least
one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. The 4.5%/20%/50% capping
scheme as described in section 3.1 is applied.

Review procedure:
1. The selection list contains all current components (which fulfil the listing criteria) with an average-
daily-trading value of at least 600,000 USD for the current month. Components of the MVIS Cryp-
toCompare Digital Assets 100 Index (see section 4.4), which have an average-daily-trading value
of at least 1,000,000 USD for the current month, are added to the selection list by size (top to
bottom), until a count of 50 is reached. Stablecoins (also called ‘price stable currencies’) which
are fiat collateralized and digital assets pegged to a currency or any other asset are not eligible
for the selection list. If there are no sufficient non-components which fulfil the liquidity criteria, ad-
ditional MVIS CryptoCompare Digital Assets 100 Index components are added to list by liquidity
(average-daily-trading value for the current month, top to bottom) until it contains 50 digital assets.
2. The selection list is ranked in two different ways - by market capitalisation in descending order
(the largest constituent receives rank “1”) and then by one-month average-daily-trading value in
descending order (the most liquid constituent receives rank “1”). These two ranks are added up.

3. The selection list is now ranked by the sum of the two ranks in step 2 in ascending order. If two
constituents have the same sum of ranks, then the larger constituent is placed on top.
4. The top 20 digital assets qualify for selection.

5. The remaining 5 components are selected from the highest ranked remaining index components
ranked between 21 and 30.
6. If the number of selected components is still below 25, then the highest ranked digital assets are
selected until the number of components equals 25.
For all events that result in a deletion from the index, the deleted component will be replaced with the
highest ranked non-component at the latest review. The replacement will be added with the same weight
as the deleted component. In case of a hard fork, which results in several active lines, rule 5.2.1 applies.
If an event causes the number of components to be greater than 25, the smallest components by market
capitalisation will be removed one day after the increase is effective (when a price and the main net is
available), until the number of components is 25 again.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Digital Assets 25 Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQL1 BYX8633 A2GGQL MVDA25 .MVDA25
4 INDICES

The index was launched on 23 October 2017 with a base index value of 100.00 as of 31 December
2014.
4 INDICES

4.4 MVIS® CryptoCompare Digital Assets 100 Index


The MVIS CryptoCompare Digital Assets 100 Index is designed to track the performance of the largest
100 digital assets (with an 80-120 buffer) and serve as a benchmark/universe for the market. The weight-
ings are uncapped as described in section 3.1.

Review procedure:
1. The selection list is defined as all digital assets with an average-daily-trading value of at least 50,000
USD for the current month. It is sorted in terms of market capitalisation in descending order.
2. The top 80 digital assets qualify for selection.
3. The remaining 20 components are selected from the highest ranked remaining index components
ranked between 81 and 120.
4. If the number of selected components is still below 100, then the highest ranked digital assets are
selected until the number of components equals 100.
From this composite index (MVDA), three sub-indices are derived by size:

• A Large-Cap Index (MVDALC) with 20 components and a 15-25 buffer within the composite:
1. The top 15 digital assets qualify for selection.
2. The remaining 5 components are selected from the highest ranked remaining index components
ranked between 16 and 25.
3. If the number of selected components is still below 20, then the highest ranked digital assets
are selected until the number of components equals 20.
• a Mid-Cap Index (MVDAMC) with 30 components and a 15-25 upper and a 40-60 lower buffer
within the composite:
1. The top 20 digital assets, which did not qualify for the Large-Cap Index, qualify for selection.
2. The remaining 10 components are selected from the highest ranked remaining index compo-
nents and current large-cap components ranked between 41 and 60.
3. If the number of selected components is still below 30, then the highest ranked digital assets,
which are not reclassified as large-caps, are selected until the number of components equals
30.
• a Small-Cap Index (MVDASC) with 50 components and a 40-60 buffer within the composite:
1. All components of the composite index, which did neither qualify for the Large-Cap nor the
Mid-Cap index, qualify for selection.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. For all events that result in
a component number not being equal to 100, the index will be set back to 100 components at the next
review.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.
4 INDICES

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Digital Assets 100 Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQG1 BYX85Z8 A2GGQG MVDA .MVDA
Price Return Index DE000A2GGQH9 BYX8600 A2GGQH MVDALC .MVDALC
Price Return Index DE000A2GGQJ5 BYX8611 A2GGQJ MVDAMC .MVDAMC
Price Return Index DE000A2GGQK3 BYX8622 A2GGQK MVDASC .MVDASC
The indices were launched on 23 October 2017 with a base index value of 100.00 as of 31 December
2014.
4 INDICES

4.5 MVIS® CryptoCompare Digital Assets Select Index


The MVIS CryptoCompare Digital Assets Select Index is designed to track the performance of the largest
and most liquid 10 digital assets (with a 7-13 buffer). All assets on the selection list must be listed on at
least one of the top 15 exchanges by CryptoCompare’s Exchange Benchmark. Meme tokens are excluded
from the index according to the meme token list provided by Coingecko. The uncapped weighting scheme
as described in section 3.1 is applied.

Review procedure:
1. The selection list contains all digital assets that are screened in accordance with the custodian
specifications applicable to the client. The current components (which fulfil the listing criteria) with
an average-daily-trading value of at least 600,000 USD for the current month. The non-current
components, which have an average-daily-trading value of at least 1,000,000 USD for the current
month, are added to the selection list by size (top to bottom), until a count of 20 is reached.
Stablecoins (also called ‘price stable currencies’) which are fiat collateralized and digital assets
pegged to a currency or any other asset are not eligible for the selection list. If there are no sufficient
non-components which fulfil the liquidity criteria, additional MVIS CryptoCompare Digital Assets
100 Index components are added to list by liquidity (average-daily-trading value for the current
month, top to bottom) until it contains 20 digital assets.
2. The selection list is ranked in two different ways - by market capitalisation in descending order
(the largest constituent receives rank “1”) and then by one-month average-daily-trading value in
descending order (the most liquid constituent receives rank “1”). These two ranks are added up.
3. The selection list is now ranked by the sum of the two ranks in step 2 in ascending order. If two
constituents have the same sum of ranks, then the larger constituent is placed on top.
4. The top 7 digital assets qualify for selection.
5. The remaining 3 components are selected from the highest ranked remaining index components
ranked between 8 and 13.
6. If the number of selected components is still below 10, then the highest ranked digital assets are
selected until the number of components equals 10.
For all events that result in a deletion from the index, the deleted component will be replaced with the
highest ranked non-component at the latest review. The replacement will be added with its uncapped
weight to the index. In case of a hard fork, which results in several active lines, rule 5.2.1 applies. If
an event causes the number of components to be greater than 10, the smallest components by market
capitalisation will be removed one day after the increase is effective (when a price and the main net is
available), until the number of components is 10 again.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 EST with fixed 16:00 EST exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.

The Index is rebalanced at on a quarterly basis and rebalanced at 16:00:00 EST of the last business
day of February, May, August and November. For this index, a “business day” for the purposes of the
rebalance means any day (other than a Saturday or Sunday) on which commercial banks and foreign
4 INDICES

exchange markets settle payments in New York.

The MVIS CryptoCompare Digital Assets Select Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FCF8 BPLFDX2 SL0FCF MVDAS .MVDAS
The index was launched on 18 February 2022 with a base index value of 100.00 as of 31 December
2017.
4 INDICES

4.6 MVIS® CryptoCompare Crypto Leaders VWAP Close Index


The MVIS CryptoCompare Crypto Leaders VWAP Close Index is designed to track the performance of the
largest and most liquid digital assets. All assets must be listed on at least one of the top 15 exchanges
by CryptoCompare’s Exchange Benchmark and are screend for investibility. The 30% capping scheme as
described in section 3.1 is applied.

Review procedure:

The index universe is defined as the components of the MVIS CryptoCompare Digital Assets 10 Index
(MVDA10). The components of the MVDA10 are screened in accordance with the custodian specifica-
tions applicable to the client and the approvals by the relevant stock exchanges. (The index does not
include crypto assets that are not accepted by the Swiss Stock Exchange (SIX) and Deutsche Börse AG as
an underlying.) Information is provided by the respective 3rd party partners of the client. All constituents
of the MVDA10 which pass these screens qualify as index components.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.

The components of this index are reviewed on a quarterly basis and rebalanced at 16:00:00 CET of the
last trading day of February, May, August and November.

The MVIS CryptoCompare Crypto Leaders VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EAN9 BMHYR29 SL0EAN MVLEADV .MVLEADV
The index was launched on 7 December 2021 with a base index value of 100.00 as of 31 December
2018.
4 INDICES

4.7 MVIS® CryptoCompare Decentralized Finance Index


The MVIS CryptoCompare Decentralized Finance Index is designed to track the performance of assets
classified as "decentralized finance" by MVIS® and serve as a benchmark/universe for the respective
market. This covers financial services built on top of distributed networks with no central intermediaries.
The weightings are uncapped as described in section 3.1.

Review procedure:
All digital assets with a market capitalisation of at least 250,000,000 USD, an average-daily-trading
value of at least 10,000,000 USD for the current month and classified as "decentralized finance" by
MVIS® qualify for the index.

All qualified digital assets must not carry short term security risks (e.g., 51% attacks).

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Decentralized Finance Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7T5 BPG67B6 SL0D7T MVDF .MVDF
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 January 2021.
4 INDICES

4.8 MVIS® CryptoCompare Decentralized Finance Leaders Index


The MVIS CryptoCompare Decentralized Finance Leaders Index is designed to track the performance of
the largest and most liquid decentralized finance assets, and is an investable subset of MVIS® CryptoCom-
pare Decentralized Finance Index (see section 4.7). The 30% capping scheme as described in section
3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:
• a market capitalisation of at least 800,000,000 USD,
• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Decentralized Finance Index (see section 4.7) qualify for the
index with:
• a market capitalisation of at least 1,000,000,000 USD,
• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Owner.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Decentralized Finance Leaders Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7U3 BPG67C7 SL0D7U MVDFLE .MVDFLE
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 January 2021.
4 INDICES

4.9 MVIS® CryptoCompare DeFi 20 Index


The MVIS CryptoCompare DeFi 20 Index is designed to track the performance of the largest and most
liquid 20 DeFi related digital assets (with a 15-25 buffer), as defined by the DeFi ecosystem list published
by CryptoCompare on their website. The 15% capping scheme as described in section 3.1 is applied.

Review procedure:
1. The selection list contains all current components (if still considered as DeFi ecosystem by Cryp-
toCompare) with an average-daily-trading value of at least 600,000 USD for the current month.
Additional DeFi protocols, which have an average-daily-trading value of at least 1,000,000 USD
for the current month, are added to the selection list by size (top to bottom), until a count of 40 is
reached. Stablecoins (also called ‘price stable currencies’) which are fiat collateralized and digital
assets pegged to a currency or any other asset are not eligible for the selection list. If there are no
sufficient non-components which fulfil the liquidity criteria, additional DeFi protocols are added to
list by liquidity (average-daily-trading value for the current month, top to bottom) until it contains 40
digital assets.
2. The selection list is ranked in two different ways - by market capitalisation in descending order
(the largest constituent receives rank “1”) and then by one-month average-daily-trading value in
descending order (the most liquid constituent receives rank “1”). These two ranks are added up.

3. The selection list is now ranked by the sum of the two ranks in step 2 in ascending order. If two
constituents have the same sum of ranks, then the larger constituent is placed on top.
4. The top 15 digital assets qualify for selection.
5. The remaining 5 components are selected from the highest ranked remaining index components
ranked between 16 and 25.

6. If the number of selected components is still below 20, then the highest ranked digital assets are
selected until the number of components equals 20.
For all events that result in a deletion from the index, the deleted component will be replaced with the
highest ranked non-component at the latest review. The replacement will be added with the same weight
as the deleted component. In case of a hard fork, which results in several active lines, rule 5.2.1 applies.
If an event causes the number of components to be greater than 20, the smallest components by market
capitalisation will be removed one day after the increase is effective (when a price and the main net is
available), until the number of components is 20 again.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare DeFi 20 Index has the following identifiers:


Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0CHQ1 BMD6BT4 SL0CHQ MVDEFI .MVDEFI
The index was launched on 19 April 2021 with a base index value of 100.00 as of 30 June 2020.
4 INDICES

4.10 MVIS® CryptoCompare Infrastructure Application Index


The MVIS CryptoCompare Infrastructure Application Index is designed to track the performance of assets
classified as "infrastructure application" by MVIS® and serve as a benchmark/universe for the respective
market. This covers decentralized computer programs designed to perform specific tasks. The weightings
are uncapped as described in section 3.1.

Review procedure:
All digital assets with a market capitalisation of at least 250,000,000 USD, an average-daily-trading
value of at least 10,000,000 USD for the current month and classified as "infrastructure application" by
MVIS® qualify for the index.

All qualified digital assets must not carry short term security risks (e.g., 51% attacks).

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Infrastructure Application Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7V1 BPG67D8 SL0D7V MVIAP .MVIAP
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 December
2020.
4 INDICES

4.11 MVIS® CryptoCompare Infrastructure Application Leaders Index


The MVIS CryptoCompare Infrastructure Application Leaders Index is designed to track the performance
of the largest and most liquid infrastructure application assets, and is an investable subset of MVIS® Cryp-
toCompare Infrastructure Application Index (see section 4.10). The 30% capping scheme as described in
section 3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:
• a market capitalisation of at least 800,000,000 USD,
• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Infrastructure Application Index (see section 4.10) qualify for
the index with:
• a market capitalisation of at least 1,000,000,000 USD,
• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Owner.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Infrastructure Application Leaders Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7W9 BPG67F0 SL0D7W MVIALE .MVIALE
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 December
2020.
4 INDICES

4.12 MVIS® CryptoCompare Media & Entertainment Index


The MVIS CryptoCompare Media and Entertainment Index is designed to track the performance of assets
classified as "media & entertainment" by MVIS® and serve as a benchmark/universe for the respective
market. This covers coins used to reward users for content, games, gambling or social media. The weight-
ings are uncapped as described in section 3.1.

Review procedure:
All digital assets with a market capitalisation of at least 250,000,000 USD, an average-daily-trading
value of at least 10,000,000 USD for the current month and classified as "media & entertainment" by
MVIS® qualify for the index.

All qualified digital assets must not carry short term security risks (e.g., 51% attacks).

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Media and Entertainment Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7X7 BPG67G1 SL0D7X MVME .MVME
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 March 2021.
4 INDICES

4.13 MVIS® CryptoCompare Media & Entertainment Leaders Index


The MVIS CryptoCompare Media and Entertainment Leaders Index is designed to track the performance
of the largest and most liquid media & entertainment assets, and is an investable subset of MVIS® Cryp-
toCompare Media & Entertainment Index (see section 4.12). The 30% capping scheme as described in
section 3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:
• a market capitalisation of at least 800,000,000 USD,
• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Media & Entertainment Index (see section 4.12) qualify for
the index with:
• a market capitalisation of at least 1,000,000,000 USD,
• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Owner.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Media and Entertainment Leaders Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7Y5 BPG67H2 SL0D7Y MVMELE .MVMELE
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 March 2021.
4 INDICES

4.14 MVIS® CryptoCompare Media & Entertainment Leaders Brazil Index


The MVIS CryptoCompare Media and Entertainment Leaders Brazil Index is designed to track the perfor-
mance of the largest and most liquid media & entertainment assets, and is an investable subset of MVIS®
CryptoCompare Media & Entertainment Index (see section 4.12). The 30% capping scheme as described
in section 3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:
• a market capitalisation of at least 800,000,000 USD,
• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Media & Entertainment Index (see section 4.12) qualify for
the index with:
• a market capitalisation of at least 1,000,000,000 USD,
• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Client.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 EST with fixed 16:00 EST exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 EST of the last business day in Brazil in each month.

The MVIS CryptoCompare Media and Entertainment Leaders Brazil Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FEM0 BPSJLG6 SL0FEM MVMEBR .MVMEBR
The index was launched on 03 March 2022 with a base index value of 100.00 as of 31 March 2021.
4 INDICES

4.15 MVIS® CryptoCompare Optimum Global Cryptoasset Index


The MVIS CryptoCompare Optimum Global Cryptoasset Index is designed to track the performance of a
fixed list of digital assets. The index includes the following digital assets:

Crypto-Asset Ticker
Bitcoin BTC
Ethereum ETH
Polkadot DOT
Solana SOL
Avalanche AVAX
Cardano ADA
Polygon MATIC
Tezos XTZ
Stellar XLM
Algorand ALGO
ChainLink LINK
FTX Token FTT

A special capping scheme is applied for this index: At each rebalance, Bitcoin weight is fixed at 40%,
Ethereum weight is fixed at 25% and the rest weight is distributed among all other components on a
proportional basis based on market capitalization.

The index universe includes the following exchanges:


• Binance,

• Bitflyer,
• Bitstamp,
• Coinbase,

• Gemini,
• itBit,
• Kraken.
In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (ET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 ET with fixed 16:00 ET exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.

The Index is rebalanced at 16:00:00 ET of the last business day of each month. For this index, a “busi-
ness day” for the purposes of the rebalance means any day (other than a Saturday or Sunday) on which
commercial banks and foreign exchange markets settle payments in Toronto.
4 INDICES

The MVIS CryptoCompare Optimum Global Cryptoasset Index has the following identifiers:

Index Type ISIN SEDOL WKN Bloomberg Reuters


Price Return Index DE000SL0FCU7 BPLFDY3 SL0FCU MVGCFI .MVGCFI
The index was launched on 18 February 2022 with a base index value of 100.00 as of 31 December
2020.
4 INDICES

4.16 MVIS® CryptoCompare Smart Contract Index


The MVIS CryptoCompare Smart Contract Index is designed to track the performance of assets classified
as "smart contract" by MVIS® and serve as a benchmark/universe for the respective market. This covers
blockchain protocols designed to host variety of self-developed and 3rd party applications. The weight-
ings are uncapped as described in section 3.1.

Review procedure:
All digital assets with a market capitalisation of at least 250,000,000 USD, an average-daily-trading
value of at least 10,000,000 USD for the current month and classified as "smart contract" by MVIS®
qualify for the index.

All qualified digital assets must not carry short term security risks (e.g., 51% attacks).

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Smart Contract Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D7Z2 BPG67J4 SL0D7Z MVSC .MVSC
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 December
2017.
4 INDICES

4.17 MVIS® CryptoCompare Smart Contract Leaders Index


The MVIS CryptoCompare Smart Contract Leaders Index is designed to track the performance of the
largest and most liquid smart contract assets, and is an investable subset of MVIS® CryptoCompare Smart
Contract Index (see section 4.16). The 30% capping scheme as described in section 3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:

• a market capitalisation of at least 800,000,000 USD,


• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Smart Contract Index (see section 4.16) qualify for the index
with:

• a market capitalisation of at least 1,000,000,000 USD,


• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Owner.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare Smart Contract Leaders Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D703 BPG67K5 SL0D70 MVSCLE .MVSCLE
The index was launched on 8 October 2021 with a base index value of 100.00 as of 31 December
2017.
4 INDICES

4.18 MVIS® CryptoCompare Smart Contract Leaders Brazil Index


The MVIS CryptoCompare Smart Contract Leaders Brazil Index is designed to track the performance of
the largest and most liquid smart contract assets, and is an investable subset of MVIS® CryptoCompare
Smart Contract Index (see section 4.16). The 30% capping scheme as described in section 3.1 is applied.

Review procedure:

Current components, which fulfil the listing criteria, qualify for the index with:

• a market capitalisation of at least 800,000,000 USD,


• an average daily-trading value of at least 20,000,000 USD.
Components of the MVIS® CryptoCompare Smart Contract Index (see section 4.16) qualify for the index
with:

• a market capitalisation of at least 1,000,000,000 USD,


• an average-daily-trading value of at least 25,000,000 USD,
• Approved availability of custodians by the Index Client.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 EST with fixed 16:00 EST exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 EST of the last business day in Brazil in each month.

The MVIS CryptoCompare Smart Contract Leaders Brazil Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FEN8 BPSJLH7 SL0FEN MVSCBR .MVSCBR
The index was launched on 03 March 2022 with a base index value of 100.00 as of 31 December
2017.
4 INDICES

4.19 MVIS® CryptoCompare Smart Contract Leaders VWAP Close Index


The MVIS CryptoCompare Smart Contract Leaders VWAP Close Index is designed to track the performance
of the largest and most liquid smart contract assets, and is an investable subset of MVIS® CryptoCompare
Smart Contract Index (see section 4.16). All assets on the selection list must be listed on at least one of the
top 15 exchanges by CryptoCompare’s Exchange Benchmark. The 30% capping scheme as described in
section 3.1 is applied.

The components of the MVIS® CryptoCompare Smart Contract Index (see section 4.16) are screened
in accordance with the custodian specifications applicable to the client and the index does not include
crypto assets that are not accepted by Deutsche Börse AG as an underlying. Information is provided by
the respective 3rd party partners of the client.

Current components, which fulfill the listing criteria, qualify for the selection list with:
• a market capitalisation of at least 800,000,000 USD,

• an average daily-trading value of at least 20,000,000 USD.


Components of the MVIS® CryptoCompare Smart Contract Index qualify for the selection list with:
• a market capitalisation of at least 1,000,000,000 USD,

• an average-daily-trading value of at least 25,000,000 USD,


• Approved availability of custodians by the Index Owner.

Review procedure:

1. The selection list contains all current components and components of the MVIS CryptoCompare Smart
Contract Index (see section 4.16), which fulfill listing criteria as described above. Stablecoins (also
called ‘price stable currencies’) which are fiat collateralized and digital assets pegged to a currency
or any other asset are not eligible for the selection list. If there are no sufficient non-components
which fulfill the custodian specifications, market capitalization and liquidity criteria, then only the
components that fulfill these criteria will be considered.
2. The selection list is ranked by market capitalisation in descending order (the largest constituent
receives rank “1”).
3. The top 7 digital assets qualify for selection.
4. The remaining 3 components are selected from the highest ranked remaining index components
ranked between 8 and 13.

5. If the number of selected components is below 10, then the highest ranked digital assets are selected
until the number of components equals 10. If there are no sufficient non-components which fulfill the
custodian specifications, market capitalization and liquidity criteria, then only the components that
fulfill these criteria will be considered. In this case, number of components can be less than 10.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
4 INDICES

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.

The components of this index are reviewed on a quarterly basis and rebalanced at 16:00:00 CET of the
last trading day of February, May, August and November.

The MVIS CryptoCompare Smart Contract Leaders VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FCY9 BPLFDZ4 SL0FCY MVSCLEV .MVSCLEV
The index was launched on 07 March 2022 with a base index value of 100.00 as of 31 December
2018.
4 INDICES

4.20 MVIS® CryptoCompare Algorand VWAP Close Index


The MVIS CryptoCompare Algorand VWAP Close Index is designed to track the performance of a Algo-
rand digital asset. There is no component other than Algorand in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Algorand (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Algorand VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EYV2 BNZHQL9 SL0EYV MVALGOV .MVALGOV
The index was launched on 22 December 2021 with a base index value of 100.00 as of 30 June 2019.
4 INDICES

4.21 MVIS® CryptoCompare Avalanche VWAP Close Index


The MVIS CryptoCompare Avalanche VWAP Close Index is designed to track the performance of an
Avalanche digital asset. There is no component other than Avalanche in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Avalanche (by market capitali-
sation) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Avalanche VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D976 BLH3DH6 SL0D97 MVAVAXV .MVAVAXV
The index was launched on 18 November 2021 with a base index value of 10.00 as of 30 September
2020.
4 INDICES

4.22 MVIS® CryptoCompare Bitcoin Index


The MVIS CryptoCompare Bitcoin Index is designed to track the performance of a Bitcoin digital asset.
There is no component other than Bitcoin in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Bitcoin (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds.The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Bitcoin Index has the following identifiers:


Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQD8 BYX85W5 A2GGQD MVBTC .MVBTC
The index was launched on 23 October 2017 with a base index value of 10.00 as of 31 January 2012.
4 INDICES

4.23 MVIS® CryptoCompare Institutional Bitcoin Index


The MVIS CryptoCompare Institutional Bitcoin Index is designed to track the performance of a Bitcoin
digital asset. There is no component other than Bitcoin in the index.

The index universe includes the following exchanges:


• Binance,
• Bitflyer,

• Bitstamp,
• Coinbase,
• Gemini,

• itBit,
• Kraken.
In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available). In the unlikely event
a spun-off coin is larger than Bitcoin (by market capitalisation) and is in general accepted as the successor
of the original chain, the index owner might decide to keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (ET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 ET with fixed 16:00 ET exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 ET of the last trading day of each month.

The MVIS CryptoCompare Institutional Bitcoin Index has the following identifiers:

Index Type ISIN SEDOL WKN Bloomberg Reuters


Price Return Index DE000SLA97U8 BK72QT9 SLA97U MVIBTC .MVIBTC
The index was launched on 25 November 2019 with a base index value of 100.00 as of 31 December
2013.
4 INDICES

4.24 MVIS® CryptoCompare Bitcoin VWAP Close Index


The MVIS CryptoCompare Bitcoin VWAP Close Index is designed to track the performance of a Bitcoin
digital asset. There is no component other than Bitcoin in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Bitcoin (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Bitcoin VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0BER8 BLD0Z19 SL0BER MVBTCV .MVBTCV
The index was launched on 06 August 2020 with a base index value of 100.00 as of 31 December
2014.
4 INDICES

4.25 MVIS® CryptoCompare Bitcoin Benchmark Rate


The MVIS CryptoCompare Bitcoin Benchmark Rate is designed to be a robust price for Bitcoin in USD (see
section 6.1.2). There is no component other than Bitcoin in the index.

Review procedure (for eligible exchanges with USD pair/agreement):


• If an eligible exchange is in the top 5 by rank based on the CryptoCompare Exchange Benchmark
table for two consecutive semiannual reviews, it replaces the lowest ranked exchange.

• If an eligible exchange is downgraded by two or more notches in a semiannual review and is not
in the top 5 by rank anymore, it is replaced by the highest ranked non-component exchange.
Adjustments to exchange coverage will be announced four business days prior to the first business day
of March/September at 23:00 CET; the Index is rebalanced at 16:00:00 ET on the last business day of
February/August.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
In the unlikely event a spun-off coin is larger than Bitcoin (by market capitalisation) and is in general
accepted as the successor of the original chain, the index owner might decide to keep it as the only index
component.

The index is calculated daily between 00:00 and 24:00 (ET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 ET with fixed 16:00 ET exchange rates.

The MVIS CryptoCompare Bitcoin Benchmark Rate has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0A0E5 BMFXWZ6 SL0A0E BBR .BBR
The index was launched on 3 June 2020 with a base index value of 425.53 as of 31 December 2015.
The list below summarises the exchange composition up to the launch.
• Bitstamp,

• Coinbase,
• Gemini,
• itBit,

• Kraken.
4 INDICES

4.26 MVIS® CryptoCompare Global Bitcoin Benchmark Rate (AUD)


The MVIS CryptoCompare Global Bitcoin Benchmark Rate (AUD) is designed to be a robust price for
Bitcoin in AUD. There is no component other than Bitcoin in the index. All exchanges covered by Crypto-
Compare’s CCCAGG and Gemini (USD pair) are included. Gemini has been included from 19 November
2021.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
In the unlikely event a spun-off coin is larger than Bitcoin (by market capitalisation) and is in general
accepted as the successor of the original chain, the index owner might decide to keep it as the only index
component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated
to data vendors every 15 seconds (with AUD/USD exchange rate updated minute-by-minute). The index
is calculated and disseminated in AUD and the closing value is calculated at 16:00:00 AET with fixed
16:00 AET exchange rates.

The MVIS CryptoCompare Global Bitcoin Benchmark Rate (AUD) has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EAE8 BMFV669 SL0EAE GBBRA .GBBRA
The index was launched on 23 November 2021 with a base index value of 5311.64 as of 31 December
2018.
4 INDICES

4.27 MVIS® CryptoCompare Chainlink VWAP Close Index


The MVIS CryptoCompare Chainlink VWAP Close Index is designed to track the performance of a Chain-
link digital asset. There is no component other than Chainlink in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Terra (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Chainlink VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FCZ6 BPLFF03 SL0FCZ MVLINKV .MVLINKV
The index was launched on 07 March 2022 with a base index value of 100.00 as of 31 October 2019.
4 INDICES

4.28 MVIS® CryptoCompare Ethereum Index


The MVIS CryptoCompare Ethereum Index is designed to track the performance of an Ethereum digital
asset. There is no component other than Ethereum in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Ethereum (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day of each month.

The MVIS CryptoCompare Ethereum Index has the following identifiers:


Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQP2 BYX8666 A2GGQP MVETH .MVETH
The index was launched on 23 October 2017 with a base index value of 10.00 as of 31 August 2015.
4 INDICES

4.29 MVIS® CryptoCompare Institutional Ethereum Index


The MVIS CryptoCompare Institutional Ethereum Index is designed to track the performance of a Ethereum
digital asset. There is no component other than Ethereum in the index.

The index universe includes the following exchanges:


• Binance,
• Bitstamp,

• Coinbase,
• Gemini,
• itBit,

• Kraken.
In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
In the unlikely event a spun-off coin is larger than Ethereum (by market capitalisation) and is in general
accepted as the successor of the original chain, the index owner might decide to keep it as the only index
component.

The index is calculated daily between 00:00 and 24:00 (ET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 ET with fixed 16:00 ET exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 ET of the last trading day of each month.

The MVIS CryptoCompare Institutional Ethereum Index has the following identifiers:

Index Type ISIN SEDOL WKN Bloomberg Reuters


Price Return Index DE000SL0BES6 BLD0Z20 SL0BES MVIETH .MVIETH
The index was launched on 06 August 2020 with a base index value of 0.96 as of 31 December 2015.
4 INDICES

4.30 MVIS® CryptoCompare Ethereum VWAP Close Index


The MVIS CryptoCompare Ethereum VWAP Close Index is designed to track the performance of an
Ethereum digital asset. There is no component other than Ethereum in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Ethereum (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Ethereum VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0CAC6 BN6HR93 SL0CAC MVETHV .MVETHV
The index was launched on 13 January 2021 with a base index value of 10.00 as of 31 December
2015.
4 INDICES

4.31 MVIS® CryptoCompare Ethereum Benchmark Rate


The MVIS CryptoCompare Ethereum Benchmark Rate is designed to be a robust price for Ethereum in USD
(see section 6.1.2). There is no component other than Ethereum in the index.

Review procedure (for eligible exchanges with USD pair/agreement):


• If an eligible exchange is in the top 5 by rank based on the CryptoCompare Exchange Benchmark
table for two consecutive semiannual reviews, it replaces the lowest ranked exchange.

• If an eligible exchange is downgraded by two or more notches in a semiannual review and is not
in the top 5 by rank anymore, it is replaced by the highest ranked non-component exchange.
Adjustments to exchange coverage will be announced four business days prior to the first business day
of March/September at 23:00 CET; the Index is rebalanced at 16:00:00 ET on the last business day of
February/August.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
In the unlikely event a spun-off coin is larger than Ethereum (by market capitalisation) and is in general
accepted as the successor of the original chain, the index owner might decide to keep it as the only index
component.

The index is calculated daily between 00:00 and 24:00 (ET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 ET with fixed 16:00 ET exchange rates.

The MVIS CryptoCompare Ethereum Benchmark Rate has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0C7Q2 BNTJBB6 SL0C7Q EBR .EBR
The index was launched on 24 March 2021 with a base index value of 745.36 as of 31 December
2017. The list below summarises the exchange composition up to the launch.
• Bitstamp,

• Coinbase,
• Gemini,
• itBit,

• Kraken.
4 INDICES

4.32 MVIS® CryptoCompare Global Ethereum Benchmark Rate (AUD)


The MVIS CryptoCompare Global Ethereum Benchmark Rate (AUD) is designed to be a robust price for
Ethereum in AUD. There is no component other than Ethereum in the index. All exchanges covered by
CryptoCompare’s CCCAGG and Gemini (USD pair) are included. Gemini has been included from 19
November 2021.

In case of a hard fork, which results in several active lines, rule 5.2.2 applies.
In the unlikely event a spun-off coin is larger than Ethereum (by market capitalisation) and is in general
accepted as the successor of the original chain, the index owner might decide to keep it as the only index
component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated
to data vendors every 15 seconds (with AUD/USD exchange rate updated minute-by-minute). The index
is calculated and disseminated in AUD and the closing value is calculated at 16:00:00 AET with fixed
16:00 AET exchange rates.

The MVIS CryptoCompare Global Ethereum Benchmark Rate (AUD) has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EAF5 BMFV692 SL0EAF GEBRA .GEBRA
The index was launched on 23 November 2021 with a base index value of 191.77 as of 31 December
2018.
4 INDICES

4.33 MVIS® CryptoCompare FTX Token VWAP Close Index


The MVIS CryptoCompare FTX Token VWAP Close Index is designed to track the performance of the FTX
Token digital asset. There is no component other than the FTX Token in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number
of components is 1 again. In the unlikely event a spun-off coin is larger than the FTX Token (by market
capitalisation) and is in general accepted as the successor of the original chain, the index owner might
decide to keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare FTX Token VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EYW0 BNZHQN1 SL0EYW MVFTTV .MVFTTV
The index was launched on 22 December 2021 with a base index value of 100.00 as of 29 February
2020.
4 INDICES

4.34 MVIS® CryptoCompare NEAR VWAP Close Index


The MVIS CryptoCompare NEAR VWAP Close Index is designed to track the performance of a NEAR
digital asset. There is no component other than NEAR in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Polkadot (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare NEAR VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0FC05 BPLFF14 SL0FC0 MVNEARV .MVNEARV
The index was launched on 07 March 2022 with a base index value of 100.00 as of 31 october 2020.
4 INDICES

4.35 MVIS® CryptoCompare Polkadot VWAP Close Index


The MVIS CryptoCompare Polkadot VWAP Close Index is designed to track the performance of a Polkadot
digital asset. There is no component other than Polkadot in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Polkadot (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Polkadot VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0DMZ0 BMC2PJ1 SL0DMZ MVDOTV .MVDOTV
The index was launched on 30 June 2021 with a base index value of 100.00 as of 30 September 2020.
4 INDICES

4.36 MVIS® CryptoCompare Polygon VWAP Close Index


The MVIS CryptoCompare Polygon VWAP Close Index is designed to track the performance of a Polygon
digital asset. There is no component other than Polygon in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Polygon (by market capitalisa-
tion) and is in general accepted as the successor of the original chain, the index owner might decide to
keep it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Polygon VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0D984 BLH3DM1 SL0D98 MVMATICV .MVMATICV
The index was launched on 18 November 2021 with a base index value of 100.00 as of 30 September
2020.
4 INDICES

4.37 MVIS® CryptoCompare Solana VWAP Close Index


The MVIS CryptoCompare Solana VWAP Close Index is designed to track the performance of a Solana
digital asset. There is no component other than Solana in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Solana (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Solana VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0DMY3 BMC2P79 SL0DMY MVSOLV .MVSOLV
The index was launched on 30 June 2021 with a base index value of 10.00 as of 31 July 2020.
4 INDICES

4.38 MVIS® CryptoCompare Terra VWAP Close Index


The MVIS CryptoCompare Terra VWAP Close Index is designed to track the performance of a Terra digital
asset. There is no component other than Terra in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than Terra (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare Terra VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0EYU4 BNZHQJ7 SL0EYU MVLUNAV .MVLUNAV
The index was launched on 22 December 2021 with a base index value of 100.00 as of 31 July 2021.
4 INDICES

4.39 MVIS® CryptoCompare TRON VWAP Close Index


The MVIS CryptoCompare TRON VWAP Close Index is designed to track the performance of a TRON
digital asset. There is no component other than TRON in the index.

In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available) until the number of
components is 1 again. In the unlikely event a spun-off coin is larger than TRON (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it as the only index component.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
16:00:00 CET based on 1h volume weighted average prices (VWAPs) between 15:00 and 16:00 CET.
The VWAPs are calculated with CCCAGG prices.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 16:00:00 CET of the last trading day of each month.

The MVIS CryptoCompare TRON VWAP Close Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000SL0DM05 BMC2PK2 SL0DM0 MVTRXV .MVTRXV
The index was launched on 30 June 2021 with a base index value of 100.00 as of 31 December 2018.
4 INDICES

4.40 MVIS® CryptoCompare XRP Index


The MVIS CryptoCompare XRP Index is designed to track the performance of a XRP digital asset. There is
no component other than XRP in the index.

As XRP cannot hard fork, rule 5.2.1 never applies.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The MVIS CryptoCompare XRP Index has the following identifiers:


Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE000A2GGQV0 BYX86D3 A2GGQV MVXRP .MVXRP
The index was launched on 23 October 2017 with a base index value of 100.00 as of 31 January 2015.
4 INDICES

4.41 Weiss MVIS® Top Tech Adoption Rating Index


The Weiss MVIS Top Tech Adoption Rating Index s designed to track the performance of the largest digital
assets, which have a top tech adoption rating by Weiss Ratings LLC. The weightings are capped at 50%
as described in section 3.1.

Review procedure:
• The selection list contains all components of the MVIS® CryptoCompare Digital Assets 100 Index.

• All digital assets on the selection list with a Weiss Tech Adoption Rating of B- or better qualify for the
index.
In case of a hard fork, which results in several active lines, rule 5.2.1 applies. The spun-off coin will be
removed one day after the effective date (when a price and the main net is available), if no eligible rating
is available. In the unlikely event a spun-off coin is larger than the original coin (by market capitalisation)
and is in general accepted as the successor of the original chain, the index owner might decide to keep
it in the index.

The index is calculated daily between 00:00 and 24:00 (CET) and the index values are disseminated to
data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at
17:00:00 GMT with fixed 17:00 GMT exchange rates.

Adjustments to constituents will be announced four business days prior to the first business day of the next
month at 23:00 CET.
The Index is rebalanced at 17:00:00 GMT of the last trading day in each month.

The Weiss MVIS Top Tech Adoption Rating Index has the following identifiers:
Index Type ISIN SEDOL WKN Bloomberg Reuters
Price Return Index DE00SL0BVP6 BM99ZD9 SL0BVP MVWTAR .MVWTAR
The index was launched on 16 December 2020 with a base index value of 100.00 as of 31 December
2017.
5 ONGOING MAINTENANCE

5 Ongoing Maintenance
5.1 Changes in Amount Outstanding
Changes in the amount outstanding will not be adjusted during the month, but with the next monthly
review.

5.2 Changes due to Forks


A hard fork occurs when a blockchain protocol is radically changed, such that it becomes incompatible
with older versions. In effect, participants taking part in transactions on the old blockchain must upgrade
to the new one in order to continue validating transactions. However, participants that do not upgrade
may continue to support and validate transactions on the older blockchain protocol separately.
The result of this is that a blockchain splits into two - hence the name ‘hard fork’. If there are nodes
permanently supporting the new chain, then the two chains will co-exist.
Users that once held digital assets on an older blockchain before the protocol change at a pre-specified
blockchain length will now also hold an amount of new coins on the altered blockchain. This new asset
has essentially been derived from an older token as well as its associated blockchain’s transaction history.

5.2.1 Addition of Forks


Where a constituent blockchain undergoes a hard fork, the newly created coin will be added to the
index, as long as it is available for trading on one or more of eligible top tier exchanges (as defined by
CryptoCompare, see below; eligible exchanges for respective index), such available price(s) contributing
to the CCCAGG, prior to the following review announcement. In addition to the exchange classification,
the following criteria are taken into account if the forked coin is added to the index:
• Twitter followers: qualitative and quantitative measure of the community support level for the forked
chain,

• Public developer: indicates that there are people that can be held accountable for any liability,
• Open source code: makes code auditing and vulnerability check possible,
• Premine: transparency in terms of the total supply of the Forked Coin and intentions,

• Announcement: the forked Chain will have to be announced a significant time prior to its activation,
in doing so this would demonstrate the seriousness of the intended fork.
Each additional component resulting from a fork is immediately added to the index at least for one day
according to the terms, if traded. In case it does not trade, it will be kept with a 0 price until the first price
is retrieved (it will then be kept in the index for at least one day) or the next review becomes effective.
Implementation is effective with the change in the respective block.

• Binance • Bittrex • itBit • OKEX


• Bitbank • Cex.io • Korbit
• Poloniex
• Bitfinex • Coinbase • Kraken
• UPbit
• bitFlyer • Coincheck • Liquid
• Bitstamp • Huobi Global • OKCoin • Zaif
5 ONGOING MAINTENANCE

The same treatment applies to soft forks if the process results in a division or split into multiple non-fungible
assets.

5.2.2 No Addition of Forks


In case of a hard fork, the forked coin is not added to the index. Only in case it is significant enough
to replace the old line in terms of market capitalisation and acceptance, MVIS may decide for a different
treatment.

5.3 Initial Coin Offerings (ICOs)


An ICO coin is eligible for fast-track addition to the investable index universe even if there is no full month
of traded values. In order to be added to the index the ICO coin has to meet the liquidity requirements:
• the ICO must have an average-daily-trading volume of at least 1.0m USD, and

• must have traded for at least 10 days.


This rule is applicable for newly forked non-component coins as well.

5.4 Changes to Pricing (CCCAGG)


In case an exchange is added to CCCAGG or removed from it, the index divisor will not be adjusted.

5.5 Changes to the Index Guide


Any changes to the Index Guide will be reviewed and approved by the Legal and Compliance Depart-
ment. Legal and Compliance may also request a conclusive description and further information on any
change and may consult the operations department on such changes. The key elements to be analysed in
this phase of the change process are robustness, transparency, reliability and integrity. The result of the
review will be communicated to the operations department. The email will be archived by the operations
department.

In case of changes that might immediately change the composition of an index or must be considered
material for any other reason also need to be approved by the Independent Oversight Function (“IOF”)
prior to their publication and implementation.

In case of material changes an advance notice will be published and provided to users. MVIS will gener-
ally disseminate a notification related to an Index Guide change 30 days prior to the change. A shorter
period of time may be applied at MVIS’s discretion if the relevant index has not been licensed for a
financial product to a third party. The notice will describe a clear time frame that gives the opportunity
to analyse and comment upon the impact of such proposed material change. Any material comments
received in relation to the Index Guide change and MVIS’s response to those comments will be made pub-
licly accessible after any consultation, except where confidentiality has been requested by the originator
of the comments.
5 ONGOING MAINTENANCE

5.6 Discretion regarding the Use of Input Data and Extraordinary Events
Pursuant to Art. 12 No.1. (b), MVIS has established the following rules identifying how and when
discretion may be exercised in the administration of an index.
In case input data are or appear to be qualitatively inferior or different sources provide different data, an
extraordinary event, or a situation is not covered by the index rules, MVIS may use or change data/index
composition at its own discretion according to the following discretion policy after a plausibility check.
Regarding input data, this may include:
• Liquidity and size data,

• Event information,
• Other secondary data.
Regarding extraordinary events, this may include:
• Trading stops,

• Regulatory actions,
• Hacks,
• Detection of fraud,

• Changes in custodian coverage,


• Etc.
Any changes must subject to reasonable discretion. The decision on any change must be required, ap-
propriate, commensurable and in line with the respective index scope and objective and must reasonably
consider in a balance weight the interest of Users, investors in related products and the integrity of the
market.

Index operations ensures consistency in the use of discretion in its judgement and decision. Employees in-
volved in the operations team must have shown the respective experience and skills. Significant decisions
are subject to sign-off by a supervisor. In case of material changes to data the relevant situation will be
analyzed in detail, described and presented to the IOF and discussed and reviewed with the IOF.

The broad range of possible data quality problems does not allow to define specific steps for each possi-
ble instance. MVIS will always weight the different interest of the index users, the integrity of the market
and other involved parties and determine the least disadvantageous measure that equally considers the
relevant interests best.

In order to avoid individual decisions in similar cases for the future an update of the index rules can be
taken into consideration if applicable. Regarding the use of data, other possible mitigation measures are
the change of input data sources or providers and/or own data research where possible and reasonable.

Records are kept about material judgement or discretion by MVIS and will include the reasoning for said
judgement or discretion.
5 ONGOING MAINTENANCE

5.7 Input Data and Contributor Selection


According to the input data requirements under Art. 11 of the Benchmark Regulation, the following shall
apply with regard to the input data used for the management and provision of an index and the relevant
input data providers (“Contributors”):
• the input data shall be sufficient to represent accurately and reliably the market or economic reality
that the benchmark is intended to measure;
• the input data shall be transaction data, if available and appropriate. If transaction data is not
sufficient or is not appropriate to represent accurately and reliably the market or economic reality
that the index is intended to measure, input data which is not transaction data may be used, including
estimated prices, quotes and committed quotes, or other values;

• the input data shall be verifiable;


• clear guidelines regarding the types of input data, the priority of use of the different types of in-
put data and the exercise of expert judgement, to ensure compliance with the Index Guide and
index methodology and the aforementioned requirements are defined in the Code of Conduct for
Contributors; and

• where an index is based on input data from Contributors, MVIS will obtain, where appropriate, the
input data from a reliable and representative panel or sample of Contributors so as to ensure that
the resulting index is reliable and representative of the market or economic reality that the index is
intended to measure.

In order to control the quality of contributors, MVIS will conduct the following controls:
• Evaluate market share, reputation, quality and cost of possible input data sources and providers
before selecting them on the basis of the gathered information and data;
• Compare the input data of one Contributor with the input data from one or more other Contributors
in order to ensure the integrity and accuracy of the input data and in case of bad quality replace a
Contributor with another Contributor.
MVIS will not use input data from a contributor if it has any indication that the Contributor does not adhere
to its Code of Conduct for Contributors and in such a case shall obtain representative publicly available
data.
6 CALCULATION

6 Calculation
6.1 Index Formula
6.1.1 Standard Indices
The Indices are calculated using the Laspeyres’ formula:
Pn
pi ⇤ qi ⇤ cfi ⇤ f xi M
Index V alue = i=1 = .
D D

Where (for all tokens (i) in the Index):


pi = price,
qi = amount outstanding,
cfi = weighting cap factor (if applicable, otherwise set to 1),
f xi = exchange rate (index currency to USD),
M = market capitalisation of the index,
D = divisor.

6.1.2 MVIS CryptoCompare Benchmark Rates


This section applies to the BBR, EBR, GBBRA and GEBRA. The indices are calculated as an average of
1-hour quantity weighted median prices, which are calculated for 20 3-minute intervals.
n
1X
Index V alue = M (i).
n i=1

where the quantity weighted median price for each interval i is


8 Pk 1 P Ji P Ji P Ji
>
<pi,k if k satisfies j=1 qi,j < 2
1
j=1 qi,j and j=k+1 qi,j 
1
2 j=1 qi,j ,
P Ji
M (i) = pi,1 if qi,1 1
q i,j ,
>
: pi,k +pi,k+1 PJi 2 j=1 1 PJi
2 if j=k+1 q i,j = 2 j=1 qi,j ,

with the number of intervals calculated as the total index time window divided by the interval window:

T
n= ,
b
and
pi,j = jth price in ith interval,
qi,j = jth quantity/volume traded in ith interval,
Ji = number of trades in ith interval,
b = interval window for the calculation of the median prices,
n = number of intervals,
T = total index time window for the calculation of an index price.
The set of trades for the total index calculation consists of transactions occurring within the total index time
window as follows:

✓t = {ai,j (si,j , pi,j , qi,j )|t T  s < t},


with
6 CALCULATION

✓t = set of trades for the calculation of the index price at time t,


ai,j = trade j in trade set Ai ,
si,j = time of trade ai,j .
Each interval consists of a subset of trades of ✓t :

Ai ⇢ ✓ t

Ai being the set of trades for the calculation of the median price in interval i, where each trade ai,j within
Ai is sorted by price pi,j in ascending order and it holds that trades occur within the interval window as
follows:

Ai = {ai,j (si,j , pi,j , qi,j )|(t T ) + (i 1)b  s < (t T ) + ib}.

Index Parameters

Parameter Value
Total time window of index (T ) 1 hour
Interval window (b) 3 minutes
Number of intervals (n) 20 (given available transactions)

6.2 Input Data


The following rounding procedures are used for the index calculation:

• Rounding to 2 decimal places:


– index values,
• Rounding to 6 decimal places:
– divisors (D),

• Rounding to 18 decimal places:


– prices (pi ),
– exchange rates (f xi ),
– weighting cap factors (cfi ).

6.3 Divisor Adjustments


Index maintenance - reflecting changes in amount outstanding, events, addition or deletion of tokens to
the Index - should not change the level of the index. This is accomplished with an adjustment to the divisor.
Any change to the tokens in the index that alters the total market value of the index while holding token
prices constant will require a divisor adjustment.
Pn
pi ⇤ qi ⇤ cfi ⇤ f xi ± M C
Divisornew = Divisorold ⇤ i=1Pn .
i=1 pi ⇤ qi ⇤ cfi ⇤ f xi

M C = Difference between closing and adjusted closing market capitalisation of the index.
6 CALCULATION

6.4 Event Related Adjustments


Events range widely from routine coin issuances to unusual events like forks. These are listed on the table
below with notes about the necessary changes and whether the divisor will be adjusted.
pi = token price.

• Hard Fork Divisor change: No.


Investors receive ‘B’ new coins for every ‘A’ coin held.
p(i,adjusted) = ((pi ⇤ A) (price of f orked coin ⇤ B))/A
Coin B is added to the index according to the terms.
• Addition/Deletion of a component Divisor change: Yes.
Net change in market value determines the divisor adjustment.
• Other Divisor change: TBD.
Net change in market value determines the divisor adjustment. In case of no change, the divisor
change is 0.

6.5 Data Correction and Disruptions


MVIS will usually receive information about errors or disruption from calculation agent, client, internal
systems (IT) or by monitoring the respective output.
The following list of errors does not affect the indices, as data are not considered in the calculation process:

• Bad data such as non-numerical price, volume or timestamp,


• Late/delayed transactions,
• Non-reporting exchanges.

• For BBR/EBR only: Full exchange exclusion when weighted median price of an exchange within the
total index window deviates more than 10% from the median of the rest of the exchanges’ median
price.
Incorrect or missing input data will be corrected immediately:

• The error is immediately communicated to the calculation agent, if applicable.


• Calculation agent will be asked to investigate the reason for the error.
• An email will be sent to all affected clients to inform them about the error; this includes the reason
for the issue and an estimate on when the issue will be solved.

• MVIS recalculates missing EOD data points and disseminates to vendors and clients.
In case of a material error,
• Legal and Compliance to check the relevant agreements for liability of the calculation agent.
• If MVIS identifies any conduct that may involve manipulation or attempted manipulation of an index
by calculation agent it will report this to the regulator.
• Where possible and economically reasonable MVIS will try to use another calculation agent.
6 CALCULATION

Investigations and communication regarding disruptions with calculation agents will be handled by Com-
pliance and Senior Management. They are either caused by disruptions in calculation or dissemination,
which might affect different servicers.

• The disruption is immediately communicated to the calculation/dissemination agent, if applicable.


• Calculation/dissemination agent will be asked to investigate the reason for the disruption.
• An email will be sent to all affected clients to inform them about the disruption; this includes the
reason for the issue and an estimate on when the issue will be solved.

• MVIS prompts calculation agent to make all efforts to restart index calculation.
• MVIS prompts Dissemination agent to make all efforts to restart index dissemination.
• MVIS recalculates missing EOD data points and disseminates to vendors and clients.
• Legal and Compliance to check the relevant agreements for liability of the calculation/dissemination
agent.
• If MVIS identifies any conduct that may involve manipulation or attempted manipulation of an index
by calculation/dissemination agent it will report this to BaFin.
• Where possible and economically reasonable MVIS will try use another calculation and/or dissem-
ination agent.
7 APPENDIX

7 Appendix
7.1 Names and Tickers

Long Name Short Name Symbol


MVIS® CryptoCompare Digital Assets 5 Index MV CC Dig Assets 5 Idx MVDA5
MVIS® CryptoCompare Digital Assets 10 Index MV CC Dig Assets 10 Idx MVDA10
MVIS® CryptoCompare Digital Assets 25 Index MV CC Dig Assets 25 Idx MVDA25
MVIS® CryptoCompare Digital Assets 100 Index MV CC Dig Assets 100 Idx MVDA
MVIS® CryptoCompare Digital Assets Select Index MV CC Dig Assets Sel Idx MVDAS
MVIS® CryptoCompare Digital Assets 100 Large-Cap Index MV CC Dig Assets 100 Lrg Idx MVDALC
MVIS® CryptoCompare Digital Assets 100 Mid-Cap Index MV CC Dig Assets 100 Mid Idx MVDAMC
MVIS® CryptoCompare Digital Assets 100 Small-Cap Index MV CC Dig Assets 100 Sml Idx MVDASC
MVIS® CryptoCompare Crypto Leaders VWAP Close Index MV CC Crypto Leaders Idx MVLEADV
MVIS® CryptoCompare Decentralized Finance Index MV CC DeFi Idx MVDF
MVIS® CryptoCompare Decentralized Finance Leaders Index MV CC DeFi Lead Idx MVDFLE
MVIS® CryptoCompare DeFi 20 Index MV CC DeFi 20 Idx MVDEFI
MVIS® CryptoCompare Infrastructure Application Index MV CC Infra Idx MVIAP
MVIS® CryptoCompare Infrastructure Application Leaders Index MV CC Infra Lead Idx MVIALE
MVIS® CryptoCompare Media and Entertainment Index MV CC Meta Idx MVME
MVIS® CryptoCompare Media and Entertainment Leaders Index MV CC Meta Lead Idx MVMELE
MVIS® CryptoCompare Media and Entertainment Leaders Brazil MV CC Meta Lead Bra Idx MVMEBR
Index
MVIS® CryptoCompare Optimum Global Cryptoasset Index MV CC Opt Glb Cryptoasset Idx MVGCFI
MVIS® CryptoCompare Smart Contract Index MV CC Smart Idx MVSC
MVIS® CryptoCompare Smart Contract Leaders Index MV CC Smart Lead Idx MVSCLE
MVIS® CryptoCompare Smart Contract Leaders Brazil Index MV CC Smart Lead Bra Idx MVSCBR
MVIS® CryptoCompare Smart Contract Leaders VWAP Close In- MV CC Smart Lead VWAP Idx MVSCLEV
dex
MVIS® CryptoCompare Algorand VWAP Close Index MV CC Algorand VWAP Idx MVALGOV
MVIS® CryptoCompare Avalanche VWAP Close Index MV CC Avalanche VWAP Idx MVAVAXV
MVIS® CryptoCompare Bitcoin Index MV CC Bitcoin Idx MVBTC
MVIS® CryptoCompare Institutional Bitcoin Index MV CC I Bitcoin Idx MVIBTC
MVIS® CryptoCompare Bitcoin VWAP Close Index MV CC Bitcoin VWAP Idx MVBTCV
MVIS® CryptoCompare Bitcoin Benchmark Rate MV CC Bitcoin BR BBR
MVIS® CryptoCompare Global Bitcoin Benchmark Rate (AUD) MV CC G Bitcoin BR A GBBRA
MVIS® CryptoCompare MVIS CryptoCompare Chainlink VWAP MV CC Chainlink VWAP idx MVLINKV
Close Index
MVIS® CryptoCompare Ethereum Index MV CC Ethereum Idx MVETH
MVIS® CryptoCompare Institutional Ethereum Index MV CC I Ethereum Idx MVIETH
MVIS® CryptoCompare Ethereum VWAP Close Index MV CC Ethereum VWAP Idx MVETHV
MVIS® CryptoCompare Ethereum Benchmark Rate MV CC Ethereum BR EBR
MVIS® CryptoCompare Global Ethereum Benchmark Rate (AUD) MV CC G Ethereum BR A GEBRA
MVIS® CryptoCompare FTX Token VWAP Close Index MV CC FTX VWAP Idx MVFTTV
MVIS® CryptoCompare NEAR VWAP Close Index MV CC NEAR VWAP Idx MVNEARV
MVIS® CryptoCompare Polkadot VWAP Close Index MV CC Polkadot VWAP Idx MVDOTV
MVIS® CryptoCompare Polygon VWAP Close Index MV CC Polygon VWAP Idx MVMATICV
MVIS® CryptoCompare Solana VWAP Close Index MV CC Solana VWAP Idx MVSOLV
MVIS® CryptoCompare Terra VWAP Close Index MV CC Terra VWAP Idx MVLUNAV
MVIS® CryptoCompare TRON VWAP Close Index MV CC TRON VWAP Idx MVTRXV
MVIS® CryptoCompare XRP Index MV CC XRP Idx MVXRP
Weiss MVIS® Top Tech Adoption Rating Index Weiss MV TTA Rating Idx MVWTAR

7.2 Launch Dates and Base Values

Name Launch Date Base Value Base Date


MVIS® CryptoCompare Digital Assets 5 Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Digital Assets 10 Index 23 October 2017 100.00 31 December 2014
7 APPENDIX

MVIS® CryptoCompare Digital Assets 25 Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Digital Assets 100 Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Digital Assets Select Index 18 February 2022 100.00 31 December 2017
MVIS® CryptoCompare Digital Assets 100 Large-Cap Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Digital Assets 100 Mid-Cap Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Digital Assets 100 Small-Cap Index 23 October 2017 100.00 31 December 2014
MVIS® CryptoCompare Crypto Leaders VWAP Close Index 07 December 2021 100.00 31 December 2021
MVIS® CryptoCompare Decentralized Finance Index 08 October 2021 100.00 31 January 2021
MVIS® CryptoCompare Decentralized Finance Leaders Index 08 October 2021 100.00 31 January 2021
MVIS® CryptoCompare DeFi 20 Index 19 April 2021 100.00 30 June 2020
MVIS® CryptoCompare Infrastructure Application Index 08 October 2021 100.00 31 December 2020
MVIS® CryptoCompare Infrastructure Application Leaders Index 08 October 2021 100.00 31 December 2020
MVIS® CryptoCompare Media and Entertainment Index 08 October 2021 100.00 31 March 2021
MVIS® CryptoCompare Media and Entertainment Leaders Index 08 October 2021 100.00 31 March 2021
MVIS® CryptoCompare Media and Entertainment Leaders Brazil 03 March 2022 100.00 31 March 2021
Index
MVIS® CryptoCompare Optimum Global Cryptoasset Index 18 February 2022 100.00 31 December 2021
MVIS® CryptoCompare Smart Contract Index 08 October 2021 100.00 31 December 2017
MVIS® CryptoCompare Smart Contract Leaders Index 08 October 2021 100.00 31 December 2017
MVIS® CryptoCompare Smart Contract Leaders Brazil Index 03 March 2022 100.00 31 December 2017
MVIS® CryptoCompare Smart Contract Leaders VWAP Close Index 07 March 2022 100.00 31 December 2018
MVIS® CryptoCompare Algorand VWAP Close Index 22 December 2021 100.00 30 June 2019
MVIS® CryptoCompare Avalanche Close Index 18 November 2021 100.00 30 September 2020
MVIS® CryptoCompare Bitcoin Index 23 October 2017 10.00 31 January 2012
MVIS® CryptoCompare Institutional Bitcoin Index 25 November 2019 100.00 31 December 2013
MVIS® CryptoCompare Bitcoin VWAP Close Index 06 August 2020 100.00 31 December 2014
MVIS® CryptoCompare Bitcoin Benchmark Rate 3 June 2020 425.23 31 December 2015
MVIS® CryptoCompare Global Bitcoin Benchmark Rate (AUD) 23 November 2021 5311.64 31 December 2018
MVIS® CryptoCompare Chainlink VWAP Close Index 07 March 2022 10.00 31 October 2019
MVIS® CryptoCompare Ethereum Index 23 October 2017 10.00 31 August 2015
MVIS® CryptoCompare Institutional Ethereum Index 06 August 2020 0.96 31 December 2015
MVIS® CryptoCompare Ethereum VWAP Close Index 13 January 2021 10.00 31 December 2015
MVIS® CryptoCompare Ethereum Benchmark Rate 24 March 2021 745.363 31 December 2017
MVIS® CryptoCompare Global Ethereum Benchmark Rate (AUD) 23 November 2021 191.77 31 December 2018
MVIS® CryptoCompare FTX Token VWAP Close Index 22 December 2021 100.00 29 February 2020
MVIS® CryptoCompare NEAR VWAP Close Index 07 March 2022 10.00 31 October 2020
MVIS® CryptoCompare Polkadot Close Index 30 June 2021 100.00 30 September 2020
MVIS® CryptoCompare Polygon Close Index 18 November 2021 100.00 30 September 2020
MVIS® CryptoCompare Solana Close Index 30 June 2021 10.00 31 July 2020
MVIS® CryptoCompare Terra VWAP Close Index 22 December 2021 100.00 31 July 2021
MVIS® CryptoCompare TRON Close Index 30 June 2021 100.00 31 December 2018
MVIS® CryptoCompare XRP Index 23 October 2017 100.00 31 January 2015
Weiss MVIS® Top Tech Adoption Rating Index 16 December 2020 1000.00 31 December 2017
7 APPENDIX

7.3 Changes to the Index Guide


This table contains all changes to the index guide after 1 January 2018, when the European Benchmark
Regulation became effective.

Date IG Version Change


12 September 2018 1.25 Inclusion of additional chapters to comply with BMR
18 October 2018 1.26 Inclusion of MVQBTC, MVSBTC, MVQETH, MVSETH, re-
name MVXRP
20 November 2018 1.27 Inclusion of MVBTCO
12 July 2019 1.28 Update of top tier exchanges in fork treatment
2 September 2019 1.29 Clarification of eligibility (security tokens, financial instru-
ments and pegged assets)
27 September 2019 1.30 Exclusion of MVQETH, MVSETH
25 November 2019 1.31 Inclusion of MVIBTC
16 March 2020 1.32 Replacement of Circle with XBTO in MVBTCO
03 June 2020 1.33 Inclusion of BBR, updated data correction process
06 August 2020 1.34 Inclusion of MVBTCV and MVIETH, clarification of pric-
ing methodology
07 August 2020 1.35 Conversion of MVIETH to a spot price index
15 September 2020 1.36 Exclusion of MVQBTC, MVSBTC
16 December 2020 1.37 Inclusion of MVWTAR
13 January 2021 1.38 Inclusion of MVETHV
08 March 2021 1.39 New closing time for BBR
24 March 2021 1.40 Inclusion of EBR
31 March 2021 1.41 Discretion in case of extraordinary events,
Real-time calculation for BBR and EBR
12 May 2021 1.42 Removal of MVBTCO, inclusion of MVDEFI
30 June 2021 1.43 Inclusion of MVDOTV, MVSOLV, MVTRXV
2 August 2021 1.44 30 days announcement period for Index Guide changes
1 September 2021 1.45 Exchange screening for MVDA5, MVDA10 and
MVDA25
8 October 2021 1.46 Inclusion of MVDF, MVDFLE, MVIAP, MVIALE, MVME,
MVMELE, MVSC, MVSCLE
18 November 2021 1.47 Inclusion of MVAVAXV, MVMATICV
23 November 2021 1.48 Inclusion of GBBRA, GEBRA
7 December 2021 1.49 Inclusion of MVLEADV
22 December 2021 1.50 Inclusion of MVALGOV, MVFTTV, MVLUNAV
31 January 2021 1.51 Removal of MVBCH, MVDASH, MVETC, MVIOT, MVLTC,
MVXMR, MVXEM, MVNEO, MVZEC
18 February 2022 1.52 Inclusion of MVDAS, MVGCFI
03 March 2022 1.53 Inclusion of MVMEBR, MVSCBR
07 March 2022 1.54 Inclusion of MVSCLEV, MVLINKV, MVNEARV
8 DISCLAIMER

8 Disclaimer
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