What is the impact of the 10% drop in 90-day average volume on the ixCI?

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Impact of Volume Decline on the ixCI

The 90-day average volume coverage for the ixCrypto Index (IXCI) has experienced its first decline since 2018, falling by over 10% compared to the previous quarter. This reduction is primarily attributed to a significant decrease in the trading volumes of Bitcoin and Ethereum, which saw a drop of more than 24% in the second quarter of 2026.
Constituent Weighting Adjustments

While the article notes the overall decline in volume, it does not explicitly detail how this specific 10% drop directly impacts the weighting of individual constituents within the IXCI beyond the general methodology. The IXCI's weighting methodology is based on free float-adjusted market capitalization, with a 40% cap applied to individual constituents. The recent quarterly review resulted in the addition of Gram (formerly Toncoin) and the deletion of Shiba Inu from the IXCI, maintaining 19 constituents.
Market Capitalization and Daily Volume Trends

The broader cryptocurrency market has also seen a contraction. Between the last review and June 30, 2026, the total crypto market capitalization decreased by 7.29% to USD2.43 trillion. Concurrently, daily trading volumes across the crypto market fell by 10.43% to USD96.89 billion. Bitcoin, remaining the largest cryptocurrency within the IXCI's constituent list, experienced a price decrease of 9.83% during the same period.
Data Source Discrepancies and Stablecoin Volume

An observed anomaly in trading volume data between leading sources, CoinMarketCap and CoinGecko, has been noted, particularly concerning USDT in early April 2026. CoinGecko reported an unusual trading volume for USDT during this period, which was approximately 81,164 times higher than the average for the remainder of the quarter. When this data anomaly is excluded, the combined average trading volume of stablecoins within the top 19 IXCI rankings was roughly 1.88 to 2.01 times the aggregate volume of the IXCI constituents.

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What is the impact of the 10% drop in 90-day average volume on the ixCI?

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