A basket inside CMC20: its members are named by a written rule.
Daily close level, backtest then live.
Version 1, effective 2025-03-07.
Assets that are (a) constituents of CMC20 at the monthly rebalance and (b) named as reserve or stockpile assets in an official United States government document, or in an official statement by the President or a federal agency (Treasury, SEC). The 2025-03-02 presidential announcement and EO 14233 (2025-03-06) are the current sources; press reports never count. Current list from those sources: BTC, ETH, XRP, SOL, ADA. A change in either source changes membership at the next monthly rebalance only. NightWatch filters apply at each rebalance: NW Grade A or B on at least one tracked venue, and no active delisting warning; a filtered-out member's weight is spread over the rest and the event is logged and shown. Equal weight (20 % each at 5 members), monthly rebalance at 00:00 UTC on the 1st, no leverage. Level: base 1000 on 2025-03-07, daily close from spot reference closes, costs assumed 0 bp.
CMC20 constituent list: parent list pending. Until a month is entered, membership follows the official documents alone.
Equal weight, rebalanced monthly. Trade the members through the relay.
NightWatch relays only: it never holds funds or places the order. The links open the perpetual market of each asset.
US government documents and statements that touch the rule. Market news is not listed.
One Hive room for this sub-index.
The Hive room opens with the first publication.Not investment advice. Not news.