Accelerated institutional acceptance, driven by recent Bitcoin ETF proposals in the United States, has revitalized the enthusiasm for cryptocurrencies, propelling Bitcoin to its peak value since 2022, reaching USD 31k. Investors can finally reclaim their staked Ether. Despite some validators leaving the network, Ethereum has welcomed nearly 4 million ETH in new deposits since the protocol upgrade, on April 12. The cumulative amount of Ethereum staked on the Beacon chain has exceeded 23 million, equating to a value surpassing $43 billion as of June 30.
BTCC and GXMC are leading the monthly return ranking, helped by the strong performance of BTC over the month. They are closely followed by the top 10 indexes such as VVTOP10, VNMC10, HODLX. Proof Of Stake protocols alleged as securities by the SEC have taken a hit in June, which impacted indexes heavily weighting some altcoins such as ADA, BNB or MATIC. This is the case of STAKE, TRXESG and ALTS.
Here is a quick description of each index in the table, with links to the relevant methodology.
- VNMC10: Vinter Top 10 market cap weighted.
- VNEQ10: Vinter Top 10 equal weighted.
- VNEQ5: Vinter Top 5 equal weighted.
- VNMC5: Vinter Top 5 market cap weighted.
- HODLX: Top 10 market cap weighted.
- HODLV: Top 5 equal weighted.
- ALTS: Top 10 excl. the largest two assets, market cap weighted.
- MOON: Top 10 layer 1 assets weighted by Github, Social and market data.
- BOLD1: Bitcoin and gold, equal risk weighted.
- VDAB10: Top 10 capped market cap weighted.
- VTRXBC: Top 10 smart contract platforms, market cap weighted.
- PANDO6: Top 6 weighted by the square root of market cap.
- DDV30: Top 30 market cap weighted.
- VHASHMOM: Top 12 by market cap weighted by their momentum score times their risk parity score.
- STAKE: Top 10 of the largest staking protocols by current market capitalization including staking rewards.
- BTCC: Bitcoin Covered Call, go long BTC and sell an out-of-the-money call option.
- KVQ: Equal-weighted index selecting high-quality assets from an investor perspective among the top 30 by market cap.
- TRXESG: Top 10 ESG-rated assets, current market cap-weighted with a maximum weight of 25%.
- GXMC: Top 2 by 90 days average market capitalization, equally-weighted.
- GXLC: Top 5 by 90 days average market capitalization, current market cap-weighted with a maximum weight of 40%.
- GXMDC: Top 10 by 90 days average market capitalization starting from the asset ranked #3, current market cap-weighted with a maximum weight of 40%.
- VCFMOM: Selects assets from the Top 15 by current market capitalization and weighs them according to a combination of their on-chain activity and the price momentum.
- VCFWB3: Selects as many assets driving WEB 3.0 that can be listed, and weighs them by their Asset Score which is a linear combination of market capitalization, momentum, and social media interest.
- VVTOP10: Top 10 by 30-day average market capitalization, current market cap-weighted with a maximum weight of 40%.
The reference rates (“Ref rate”) are calculated using Vinter’s single-asset reference rate methodology.
