Research and citations

The CCi30 Cryptocurrency Index in the Academic Literature

Researchers use the CCi30 Cryptocurrency Index as a market benchmark, a forecasting target, and a data source. This page lists every located academic work that employs or cites the index: peer-reviewed articles, working papers, theses, and conference papers, with venue, year, and citation counts.

How is the CCi30 used in academic research?

The academic literature applies the CCi30 Cryptocurrency Index in three main roles: as the market portfolio for cryptocurrency asset-pricing tests, as the forecasting target for machine-learning models, and as the benchmark for diversification, hedging, and market-efficiency studies.

  • 173 academic works
  • 3,371 citations combined
  • 139 venues and publishers
  • 2017 to 2026

Index methodology · Daily OHLCV data used in these studies (CSV)

Which journals and venues publish CCi30 research?

Springer journals, Elsevier journals, IEEE and ACM conference proceedings, national finance journals, and university repositories all host CCi30 research. Recurring venues include Financial Innovation, Evolving Systems, Physica A, and Research in International Business and Finance. The list below groups every located work by publication year, newest first, with the citation count reported by Google Scholar at the time of verification.

2026: 8 publications

The multifractal nature of cross-correlations between emerging market equities and financial assetsT. AcikgozComputational Economics (Springer) · 9 citationsUses CCi30
State-Dependent Relationship Between Cryptocurrency Returns and Credit SpreadsG. Lee, D. RyuEuropean Financial Management (Wiley) · 5 citationsUses CCi30
Nonlinear Dependence Structure Between BRICS Stock Markets, Gold, and CryptocurrenciesJ. YanThe Manchester School (Wiley) · 3 citationsUses CCi30
Dependency structure and volatility connectedness among China-ASEAN stock market, crypto, oilH. Zeng, A.D. AhmedFinancial Innovation (Springer) · 2 citationsUses CCi30
Dynamic quantile frequency connectedness … football club fan tokens, cryptocurrencies, uncertaintyO. Ozcelebi, R. El Khoury, S.H. KangEmpirical Economics (Springer)Uses market-cap-weighted CCi30 index
Asymmetric effects of monetary policy uncertainty on BRICS stock markets, cryptocurrencies, and oilP. Tong, W. Zhang, T. Xiao, Y. Ma, P. ZhangApplied Economics (Taylor & Francis)Uses CCI30 for digital assets
Exploring the Determinants of Crypto Currencies Price: Short and Long-RunC. Karamti, A.K. AbdelmoulaFinance & Economics ReviewCCi30 as market measure
False-News Triggers As New Manipulation Risk – Bitcoin ETF ApprovalA. Pucher, D. Schiereck, M. BormannAISCCi30 as robustness check index

2025: 21 publications

Connectedness and frequency connection among green bond, cryptocurrency and green energy metalsH. Zeng, Q. Huang, M.Z. Abedin, A.D. AhmedResearch in International Business and Finance (Elsevier) · 65 citationsUses crypto indices incl. CCi30
A machine learning based regulatory risk index for cryptocurrenciesX. Ni, T. Xie, W.K. Hardle, X. ZuoComputational Statistics (Springer) · 25 citationsUses CCI30
The dynamics between clean energy, green bonds, grain commodities, and cryptocurrenciesR. Wu, J. Yan, C. IsikEconomic Change and Restructuring (Springer) · 14 citationsUses CCi30
Inter-Market mean and volatility spillover dynamics between cryptocurrencies and Thai stock marketY. Zhang, S. Lo, D. SutthiphisalRisks (MDPI) · 11 citationsIncludes CCi30 (data from cci30.com)
Time-frequency volatility spillovers between CBDC uncertainty and cryptocurrenciesJ. Wan, L. Han, Y. WuFinance Research Letters (Elsevier) · 7 citationsUses CCi30
Wisdom of the crowd signals: Predictive power of social media trading signals for cryptocurrenciesF. Haase, T. Celig, O. Rath, D. SchoderElectronic Markets (Springer) · 7 citationsBenchmarks vs CCI30 & S&P500
Connectedness between green financial and cryptocurrency markets (TVP-VAR, wavelet VaR)L. Sebai, Y. JaberJ. of Risk and Financial Management (MDPI) · 5 citationsUses CCI30 index
Spillover network of tourism stocks, metaverse, AI, and traditional assetsO. Ozkan, O. Usman, A.L. Komba, G.N. IkeTourism Economics (Sage) · 4 citationsUses CCi30
Herding behaviour in the cryptocurrency market: the role of uncertainty and return of classical financial marketsH. Ansari, M. PeymanyStudies in Economics and Finance (Emerald) · 3 citationsUses CCI30 index returns
Integration or separation? Dynamic relationship between crypto and traditional financeD. Vidal-Tomas, T. AsteFinance Research Letters (Elsevier) · 3 citationsUses CCi30
Unveiling dynamic linkages and hedging between Indian sectoral indices and alternative investmentsP. Vairasigamani, S. AmilanRevista Mexicana de Economia y Finanzas · 3 citationsCCI30 from cci30.com as crypto proxy
Do Crypto and Equity Go Hand in Hand? G-7 Economies (VECM, Granger)P. Gupta, P. Bhatia, N. MalhotraManagement and Labour Studies (Sage) · 2 citationsUses CCi30
Artificial intelligence-based model – key technique for cryptocurrency price predictionM. PaskalevaInt. J. Inf. Technol. Secur. · 2 citationsReferences CCi30
Peran mata uang kripto sebagai fasilitas hedging saham (thesis)I. SeptiadiUGMUses CCi30
On Risk Pricing and Arbitrage in the CryptomarketF. Jamhamed, F. Martin, F. Rondeau et al.SSRNUses CCi30
Impact of Federal Policy Interventions and Strategic Crypto Reserve DesignationD.M. Manohal, S. TS, B.A.V. Nair, M. Kagzi et al.SSRNCCi30 as market portfolio proxy
Nonlinear Dynamics of Systematic Risk in Cryptocurrency Market: A Multifractal AnalysisT. AcikgozFluctuation and Noise Letters (World Scientific)CCi30 as general market benchmark
A Model for Predicting Cryptocurrency Prices Using Meta-Synthesis MethodsM.D. Jahed, Z. Fathi, G. ZomorrodianBusiness, Marketing, and Finance (BMF)References CCi30
A Hybrid Deep Learning Model Enhanced with PSO for Cryptocurrency PredictionA.V. Ramana, S. Behera5th Int. Conf. (IEEE)Cites CCI30 index prediction
Integrating crypto assets into portfolio management (thesis)T. PramelUniv. Catolica PortuguesaStudies CCI30 vs BTC in portfolios
Three Essays on Key Challenges for Modern Banking (dissertation)J. KrettekUniv. DuesseldorfUses CCi30

2024: 31 publications

Blockchain, sport and fan tokensD. Vidal-TomasJ. of Economic Studies (Emerald) · 69 citationsCorrelates CCi30 with Chiliz/fan tokens
Are gold and cryptocurrency a safe haven for stocks and bonds? Conventional vs Islamic marketsM. Widjaja, Gaby, S.A.H. HavidzEuropean J. of Management and Business Economics (Emerald) · 41 citationsUses CCI30 index
Investor sentiment and the holiday effect in the cryptocurrency market: evidence from ChinaP. Zhang, K. Xu, J. Huang, J. QiFinancial Innovation (Springer) · 14 citationsUses CCI30 index return
The rapid growth of cryptocurrencies: How profitable is trading in digital money?V. ManahovInt. J. of Finance & Economics (Wiley) · 13 citationsProfit persistency for CRIX and CCI30
Spillover analysis on NFTs, NFT-affiliated tokens and NFT submarketsK.H. Ho, M. Law, Y. Hou, T.T. ChanFinance Research Letters (Elsevier) · 13 citationsUses CCi30
Volatility and dependence in cryptocurrency and financial markets: a copula approachJ. Liu, A. SerletisStudies in Nonlinear Dynamics & Econometrics · 12 citationsUses CCi30
A comparative study of bitcoin price prediction pre-Covid19 and whilst-Covid19I. Chatterjee, S. Chakraborti, T. TonoDiscover Analytics (Springer) · 11 citationsReferences CCI30 index relationship
The Impact of International Conflicts on the Cryptocurrency Market: Israel-PalestineZ.C. ErgunPolitik Ekonomik Kuram · 10 citationsCCI30 as benchmark index
When is blockchain worth it? Value and risk drivers of corporate blockchain announcementsT. Rogalski, D. SchiereckElectronic Markets (Springer) · 9 citationsUses CCi30
The interdependence structure of cryptocurrencies and Chinese financial assetsT. Gao, H. Wang, D. DuFinance Research Letters (Elsevier) · 8 citationsUses CCi30 (crypto market)
An empirical approach and practical framework for a decentralized Ethereum Ecosystem Index (EEI)M.F.A. Gadi, M. Schmidt, N. Ruemmele et al.PeerJ Computer Science · 5 citationsReferences CCI30 performance
The determinants of prices of fan tokens as a new sports finance toolE. Kanat, E. Oget, F. KayaEge Academic Review · 5 citationsUses CCi30 index
Kripto para piyasasi ile kuresel ekonomi politikasi belirsizligi endeksi arasindaki nedensellikN. OzkanMuhasebe ve Finans Incelemeleri Dergisi · 4 citationsCCI30 vs global EPU
Deciphering crypto interconnections using a multi-analytical approachZ. DaruwalaInt. J. of Applied Economics, Finance and Accounting · 4 citationsExtends correlation analysis to CCi30
Calendar anomalies in NFT coinsZ.C. ErgunEkonomi Politika ve Finans Arastirmalari Dergisi · 2 citationsCCi30 as crypto benchmark
Spillover Volatility Effect Return of Stock, Gold, and Cryptocurrency (Indonesia)F.A. Firdausia, N. NasrudinJ. of Economics and Financial Studies · 2 citationsCCi30 as crypto proxy
The Nature of the Beast: A Study of Crypto VolatilityK. Gosal, G. McMurran, Z. DingSSRN 4954736 · 2 citationsAsymmetric effect for CCI30 index
The DeFi ecosystem game: Proof-via-simulationsE. HochInt. Conf. on Math. Research for Blockchain (Springer) · 2 citationsCCI-30 Buy & Hold benchmark
The Impact of Middle East Conflict on Crypto-Market: Palestine-Israel War and BitcoinM. Ebaba, A. KoyInt. J. of Business and Economic Studies · 1 citationsUses CCI30 index for market returns
Bitcoin, speculative sentiments and crypto-assets valuationD. TutMPRA · 1 citationsUses CCi30 (launched 2017, top 30)
Can cryptocurrency markets be beaten? Calendar anomalies aspectS. Imre, O. OzaydinYonetim ve Ekonomi Arastirmalari Dergisi · 1 citationsCCI30 coin index
Recent Techniques and Algorithms for Cryptocurrencies’ Price Prediction: A Literature ReviewH. Haxhimehmeti, A. BesimiInt. Scientific Conf. (Springer) · 1 citationsReferences CCi30 forecasting
Financial Crimes in Fintech: An Evidence from Cryptocurrency MarketM. Rewal, P. SinghE-banking, Fintech & Financial Crimes (Springer)Uses CCi30 to assess hacks/news impact
Investigating Herding Behavior in The Cryptocurrency Market Post Covid-19L. PuInt. J. of High School ResearchUses cci30 index top-30 data
Financial Investment Risk Comparison Stock, Gold, and Cryptocurrency (Indonesia)F.A. Firdausia, N. NasrudinJ. of Business and Political EconomyCCi30 from cci30.com
Herding Behavior in the Cryptocurrency Market: The Impact of COVID-19 (thesis)L.S.A. CavalcanteUniv. Catolica PortuguesaUses CCi30
Cryptocurrency in a Time of Conflict: Russo-Ukrainian War’s Impact on the CCI-30 IndexH. Al-Najjar, D. Al-Najjar, N. Al-Rousan et al.(Conf. on Technology and Business Mgmt, Springer)Studies impact on CCI-30 index
Tracking and Sourcing the Risk of Cryptocurrencies (CGRI)X. Guo, K. Guo, S. WangSSRN 4975843Compares CRIX and CCI30
Dynamic Linkages between Chinese Financial Market and Global Emerging Markets (thesis)H. ZengRMITUses CCi30
Real consequences of non-stationary fundamentals among digital assets (dissertation)K. HauslerHU BerlinUses CCi30
A Deep Learning Approach to Predict the Fall of Cryptocurrency Long Before its Actual FallA.T. MeemarXiv:2411.13615Estimates CCi30 (rules-based index)

2023: 19 publications

What drives the popularity of stablecoins? Frequency dynamics of connectedness…B. Let, K. Sobanski, W. Swider, K. WlosikTechnological Forecasting and Social Change (Elsevier) · 71 citationsUses CCi30
Online risk-based portfolio allocation on subsets of crypto assets (prototype clustering)L. Lorenzo, J. ArroyoFinancial Innovation (Springer) · 38 citationsCompares to CCI30 market index & buy-hold
Impact of liquidity and investors sentiment on herd behavior in cryptocurrency marketS. Bogdan, N. Brmalj, E. MujacevicInt. J. of Financial Studies (MDPI) · 28 citationsUses CCi30
An empirical investigation on risk factors in cryptocurrency futuresY. Chi, W. Hao, J. Hu, Z. RanJ. of Futures Markets (Wiley) · 11 citationsUses CCi30
Predicting cryptocurrency prices with machine learning algorithms: a comparative analysisH.N. Gudavalli, K.V.R. Kancherla(Working paper) · 9 citationsUses CCi30
No cryptocurrency experience required: Managerial characteristics in cryptocurrency fund performanceA. Urquhart, P. WangReview of Corporate Finance (Emerald) · 9 citationsUses CCi30
Trampadan kripto paraya (book)H. Gokgoz, T. Kandemir(Book) · 8 citationsReferences CCi30
An analysis of volatility and herd behavior among investors in S&P500, Bitcoin, and goldM. Qezelbash, S. Tajdini, F. JafariJ. of Mathematics and Modeling in Finance · 8 citationsUses CCi30
Testing for herding in AI-themed cryptocurrencies following the launch of ChatGPTA. Ballis, D. AnastasiouJ. of Financial Data Science · 8 citationsUses CCi30
Pemodelan EGARCH Return Saham, Emas, dan CryptocurrencyF.A. Firdausia, N. NasrudinSeminar Nasional Official Statistics · 4 citationsCCi30 from cci30.com
Kripto para piyasalarinda suru davranislarinin analiziH.T. Akkus, I. Celik, T. KarakayaFinans Ekonomi ve Sosyal Arastirmalar · 3 citationsUses CCI30 index
Cryptocurrency volatility: before, during and after Covid-19O. OzaydinNisantasi Univ. Sosyal Bilimler Dergisi · 1 citationsCCI30 from cci30.com
Intensification Dimension of Prices Cryptocurrency with Hamiltonian Quantum MechanicsM. Faris, R. Fauzan, N. KomariAsian J. of … (SSRN) · 1 citationsUses CCi30
Calendar anomalies in the cryptocurrency markets (dissertation)A. AlmosfiRadboud Univ. · 1 citationsCCI30 as market return indicator
Navigating Uncertainty: Gold, Silver, Oil, Cryptocurrency, and ESG in MENA (thesis)R.Z. SakrAmerican Univ. in Cairo · 1 citationsUses CCi30
CLiVi50 – A less Volatile than Bitcoin Cryptocurrency IndexM. Gadi, M.A. SiciliaAIS (AMCIS)Compares CLiVi50 to CCi30
Does Herding Behavior Exist in The Cryptocurrency Market?A. MnifSacred Heart Univ.CCi30 as market return
Cryptocurrency market herding analysis under different economic environments (thesis, Chinese)Qi-Zhang HuangTamkang Univ. / QUTUses CCI30 index with BTC/ETH/USDT/XRP
Assessment of Crypto Market Heterogeneity using Clustering Methods (thesis)H.A.M. Al AhbabiKhalifa Univ.Uses CCI30 index (top 30)

2022: 30 publications

The new crypto niche: NFTs, play-to-earn, and metaverse tokensD. Vidal-TomasFinance Research Letters (Elsevier) · 347 citationsUses CCi30
Behavioural finance and cryptocurrenciesA. Ballis, T. VerousisReview of Behavioral Finance (Emerald) · 85 citationsReferences CCi30
Applying artificial intelligence in cryptocurrency markets: A surveyR. Amirzadeh, A. Nazari, D. ThiruvadyAlgorithms (MDPI) · 77 citationsReferences CCi30
Analysis of the cryptocurrency market using different prototype-based clustering techniquesL. Lorenzo, J. ArroyoFinancial Innovation (Springer) · 54 citationsUses CCI30 to represent market
A dropout weight-constrained recurrent neural network model for forecasting the price of major cryptocurrencies and CCi30 indexI.E. Livieris, S. Stavroyiannis, E. Pintelas, T. Kotsilieris et al.Evolving Systems (Springer) · 44 citationsForecasts CCi30 index value
Outliers and time-varying jumps in the cryptocurrency marketsA. Dutta, E. BouriJ. of Risk and Financial Management (MDPI) · 40 citationsUses broad crypto index (CCi30)
Bitcoin price forecasting and trading: data analytics approachesA.H. Al-Nefaie, T.H.H. AldhyaniElectronics (MDPI) · 35 citationsForecasts CCi30 index value
Analysis of critical events in the correlation dynamics of cryptocurrency marketC.X. NiePhysica A (Elsevier) · 32 citationsCrypto market network incl. CCi30
Herding behavior and liquidity in the cryptocurrency marketS. Arsi, K. Guesmi, E. BouriAsia-Pacific J. of Operational Research (World Scientific) · 27 citationsUses CCi30
Analyzing diversification benefits of cryptocurrencies through backfill simulationJ.H. KimFinance Research Letters (Elsevier) · 22 citationsUses CCi30
Indices on cryptocurrencies: an evaluationK. Hausler, H. XiaDigital Finance (Springer) · 20 citationsEvaluates CCi30 vs HODL5
Out-of-sample forecasting of cryptocurrency returnsJ. Yae, G.Z. TianPhysica A (Elsevier) · 19 citationsUses CCi30
Cryptocurrencies, correlations, and COVID-19: diversifiers, hedge, or safe haven?B. Lavelle, K.N. Yamamoto, M. KinnenReview of Integrative Business & Economics · 18 citationsTests CCi30 as diversifier/hedge/safe haven
Observing cryptocurrencies through robust anomaly scoresG. Bae, J.H. KimEntropy (MDPI) · 10 citationsUses CCi30 index (top 30)
Analysis of the relationship between cryptocurrency index (CCi30), BIST 100, and NASDAQ with Granger causality testS. Kendirli, F.Y. Senol, S. ErgenogluQuantrade Journal of Complex Systems · 9 citationsCCi30 vs BIST100 & NASDAQ causality
Revisiting spillovers between investor attention and cryptocurrency markets (noisy ICA and transfer entropy)D. NetoJ. of Economic Asymmetries (Elsevier) · 8 citationsUses CCi30
Bitcoin: like a satellite or always hardcore? Core-satellite identificationC.J. Borner, I. Hoffmann, J. Krettek, T. SchmitzJ. of Asset Management (Springer) · 7 citationsUses CCi30
Attention to Authority: The behavioural finance of Covid-19M. Burke, J. Fry, S. Kemp, D. WoodhouseFinance Research Letters (Elsevier) · 6 citationsUses CCi30 (crypto returns)
Causal linkages among cryptocurrency and emerging market indicesP. Bhatia, P. BediVision (Sage) · 6 citationsCCI30 vs Indian indices
KNN virtual currency price prediction model based on price trend characteristicsW. HuangIEEE 2nd Int. Conf. on Power… · 6 citationsCites CCi30 BP-NN index model
COVID-19’s Impact on the Cryptocurrency Market and the Digital Economy (book)N. Mansour, S. Ben Salem(Book) · 6 citationsCCI30 index used by crypto funds
Metanomics: adaptive market and volatility behaviour in metaverseA. Shah, A. BahriSSRN 4206410 · 3 citationsCCi30 as crypto market benchmark
Outlook of Digital Currencies and Future Restrictions on CryptocurrenciesQ. Chen, S. Dong, J. Li7th Int. Conf. (Atlantis) · 2 citationsReferences CCi30
Dynamic Interdependence and Volatility Connectedness in China-ASEAN Stock, Crypto and OilH. Zeng, A.D. AhmedSSRN · 1 citationsUses CCi30 (data from cci30.com)
Neural network training using flower pollination algorithm for bitcoin price predictionE. Kaya(Working paper) · 1 citationsUses CCi30
Principal Components Analysis: Impact on Alternative Crypto-CurrenciesN. Haouas, A. SghaierCOVID-19’s Impact on the Crypto Market (IGI-Global)Describes CCi30 characteristics
Krypto moter aksjer. En analyse av risiko og avkastning under Covid-19 (thesis)N.J.F. Tveten, R.J. LarsenOsloMetCrypto risk/return incl. CCi30
Research on the relationship between Cryptocurrency and OTC market based on VAR modelR. Han, X. Wang4th Int. Conf. on Economic Management (Atlantis)Cites CCi30 BP-NN prediction model
Unsupervised Crypto Clustering with NLP (thesis)S. ZhangMITRegresses returns on CCi30 index
Ar kryptomarknaden effektiv? En eventstudie (thesis)T. Rydle, M. RatajczakKristianstad Univ.Uses CCi30 index

2021: 21 publications

An advanced CNN-LSTM model for cryptocurrency forecastingI.E. Livieris, N. Kiriakidou, S. Stavroyiannis, P. PintelasElectronics (MDPI) · 255 citationsPredicts CCI30 index closing price
Smoothing and stationarity enforcement framework for deep learning time-series forecastingI.E. Livieris, S. Stavroyiannis, L. Iliadis et al.Neural Computing and Applications (Springer) · 59 citationsApplies framework to CCI30
Principal component analysis based construction and evaluation of cryptocurrency indexA. Shah, Y. Chauhan, B. ChaudhuryExpert Systems with Applications (Elsevier) · 54 citationsBenchmarks against CCi30
Linearity extensions of the market model: a case of the top 10 cryptocurrency prices during pre-COVID-19 and COVID-19S. NeslihanogluFinancial Innovation (Springer) · 35 citationsStudies stochastic behavior of CCI30 index
Impacts of the global pandemic on returns and volatilities of cryptocurrenciesV.K. Rai, V. KumariInt. J. of Accounting, Business and Finance · 19 citationsUses CCi30
Cryptocurrency shocksJ. Liu, S. Rahman, A. SerletisThe Manchester School (Wiley) · 18 citationsUses CCi30
Measuring Value at Risk using GARCH model – evidence from the cryptocurrency marketC. ObengInt. J. of Entrepreneurial Knowledge · 15 citationsUses CCI30 daily returns
Exploring the success factors of security token offeringsJ.H. Beinke, K. Rohde, F. PohlInt. J. of … (World Scientific) · 14 citationsCCI30 index of 30 largest cryptos
Cryptocurrency price forecasting based on short-term trend KNN modelH. JiangIEEE 3rd Int. Conf. on Civil… · 11 citationsCites cci30 index BP-NN model
Pricing Exotic Derivatives for Cryptocurrency Assets – a Monte Carlo PerspectiveM. Alfeus, S. Kannan(Working paper) · 7 citationsPrices exotics on CCI30 index
Bitcoin, speculative sentiments… (Financial Economics of Cryptocurrency markets, book/thesis)A. AslanBilkent Univ. (ProQuest) · 4 citationsUses CCI30 from cci30.com
Cryptocurrencies as Pension Fund Components: Smart Move or Drinking the Kool-Aid?M. Soland, P. SchueffelThe Journal of FinTech (World Scientific) · 3 citationsCCi30 2%/5% portfolio supplements
Forecasting Monero prices with a machine learning algorithmZ.C. Ergun, B.K. KarabiyikEskisehir Osmangazi Univ. IIBF Dergisi · 3 citationsUses CCi30
Crypto-Asset Pricing Models and Their Efficiency-Dependent Trading StrategiesW.M. TseSSRN · 3 citationsUses CCi30
Comparing cryptocurrency indices to traditional indices (thesis)A. KirschHU Berlin · 1 citationsCompares CCi30 to stock indices
Application of machine learning techniques on cryptocurrency index predictionM.H. JukifliNTU (thesis)Predicts CCi30 price action with ML
Rodeo or Ascot: which hat to wear at the crypto race? (thesis)K. HauslerHU BerlinCompares Bitwise10, CRIX, CCi30
Comparison of crypto-assets market risk proxiesA. Mercik, D. CupriakNauki o FinansachCompares Crypto20, CCI30, CRIX proxies
Dynamic Volatility Modelling of Cryptocurrencies Using TVTP Markov Switching (thesis)T.C. Yen(ProQuest)Uses CRIX and CCI30
Sovershenstvovanie indeksov kriptovalyutE.R. RyndakovaChelovek. Socium. ObshchestvoDiscusses Bit20, CAMCrypto30, CCI30
Price Discovery, Technical Analysis and Weak-form Efficiency: Evidence From Cryptocurrencies (thesis)S. Ismail(ProQuest)Uses CCi30 + constructed index

2020: 13 publications

A critical investigation of cryptocurrency data and analysisC. Alexander, M. DakosQuantitative Finance (Taylor & Francis) · 257 citationsAnalyzes CRIX-CCi30 spread & data quality
An approach to predict and forecast the price of constituents and index of cryptocurrency using MLR. Chowdhury, M.A. Rahman, M.S. Rahman et al.Physica A (Elsevier) · 205 citationsForecasts CCi30 index & constituents
Herding behavior and cryptocurrency: Market asymmetries, inter-dependency and intra-dependencyR.N.U.D. Jalal, M. Sargiacomo, N.U. Sahar et al.J. of Asian Finance · 77 citationsUses CCI30 index for herding analysis
Investing with Cryptocurrencies – evaluating their potential for portfolio allocation strategiesA. Petukhina, S. Trimborn, W.K. HardlearXiv · 71 citationsUses CCi30
Does herding behaviour among traders increase during COVID-19 pandemic?D. Susana, J.K. Kavisanmathi, S. SreejithIFIP Conf. on transfer & diffusion of IT (Springer) · 46 citationsCCI30 index constituents
Herd behaviour in the cryptocurrency market: Fundamental vs. spurious herdingC.W. Senarathne, W. JianguoEuropean J. of Applied Economics · 31 citationsCCi30 crypto index return proxy (data from cci30.com)
Machine learning of emerging markets in pandemic times (proceedings intro)A.E. Kiv, P. Hryhoruk, I. Khvostina, V. SolovievaM3E2 2020 Proceedings · 27 citationsCollection incl. CCI30 network study
Correlation dynamics in the cryptocurrency market based on dimensionality reduction analysisC.X. NiePhysica A (Elsevier) · 22 citationsCrypto market analysis incl. CCi30
Complex networks theory and precursors of financial crashesV. Solovieva, A. Tuliakova, A. Hostryk, L. Pichl(Conference) · 20 citationsBuilds multiplex network of CCI30 constituents
K voprosu o primenimosti teorii Markovica pri raspredelenii kriptovalyut…D.A. MalinovskiyEkonomicheskie nauki · 2 citationsMSCI World vs CCI30 in portfolio
How Do Whitepaper Disclosures Influence Investors’ Decisions? Evidence from ICOsJ. Ernstberger, S. RomeikeSSRNUses CCi30
Inference and Prediction of Cryptocurrency Market Returns (thesis)E.F. Alarcon ValdezLund Univ.Uses CCi30
Machine learning of emerging markets in pandemic timesP. Hryhoruk, I. Khvostina, V. Solovieva(Proceedings, KDPU)Collection incl. CCI30 study

2019: 13 publications

Volatility in the cryptocurrency marketJ. Liu, A. SerletisOpen Economies Review (Springer) · 260 citationsUses CCi30
Underpricing in the cryptocurrency world: evidence from initial coin offeringsT.H. Felix, H. von EijeManagerial Finance (Emerald) · 115 citationsUses CCi30
The Crypto Encyclopedia: Coins, tokens and digital assets from A to ZP. Schueffel, N. Groeneweg, R. Baldegger(Book) · 46 citationsReferences CCi30
Behavioural biases in bitcoin tradingT. HidajatFokus Ekonomi · 41 citationsReferences CCi30
Cryptocurrency, Stablecoins and Blockchain: digital money solutions for remittancesR. Kulkarni, L. Schintler, N. Koizumi, J. Olds66th Annual North American … (SSRN) · 23 citationsReferences CCi30
Structural change analysis of active cryptocurrency marketC.Y. Tan, Y.B. Koh, K.H. NgarXiv:1909.10679 · 16 citationsCompares CRIX and CCI30 (base 100)
Avkastning og risiko i kryptovalutamarkedet (thesis)M. Furseth, A.C.B. OlsenOsloMetCrypto risk/return incl. CCi30
Prediction of cryptocurrency index based on BP neural networkY. Li (Li Yinglu)Shichang ZhoukanPredicts CCi30 index via BP NN
Hot issue markets for initial coin offerings (thesis)O.A. OzkanMETUCCI30 as overall market measure
Effectiveness of technical trading strategies on intraday bitcoin markets (thesis)V. TannerLUTBenchmarks vs CCi30
Initial Coin Offerings: The Role of Subjective Information in Whitepapers (thesis)J. Zhang(OhioLINK)Uses CCI30 index returns around ICOs
Testing Explanatory Risk Factors for Cryptocurrency Returns (dissertation)P. Tonev(Master dissertation)Uses CCi30
Optimaalisen kryptovaluutta portfolion allokaatiot eri suhdannesykleissa (thesis)H. LouhistoLUTCCi30 as benchmark index

2018: 9 publications

Herding in crypto-currency marketsT. Ajaz, A.S. KumarAnnals of Financial Economics (World Scientific) · 76 citationsCCI30 as market-return proxy
The cci30 indexI. Rivin, C. ScevolaarXiv:1804.06711 · 15 citationsOriginal CCi30 index paper (author)
VCRIX – volatility index for crypto-currencies on the basis of CRIX (thesis)A. KolesnikovaHU Berlin · 10 citationsMentions CCi30 among crypto indexes
An investable crypto-currency indexI. Rivin, C. ScevolaSSRN 3154706 · 7 citationsCCi30 index design paper (author)
F5: optimised crypto-currency investment strategiesH. ElendnerWhite paper (F5 Crypto) · 7 citationsDescribes CCI30 value-weighted index
Crypto Currency as an Emerging Investment Instrument: The Missing LinkM. IbrahimSSRN 3144187 · 4 citationsReferences CCi30
Time-series momentum in the cryptocurrency market (thesis)N.J. WesselinkErasmus Univ. · 1 citationsUses CCi30
Returns to Buying Winners and Selling Losers: A Look at Cryptocurrencies (thesis)D. WalkerClaremont · 1 citationsUses CCi30
Exploring the performance enhancing effects of investing with cryptoassets in SA portfolios (thesis)B. WrightUniv. of Cape TownUses CCi30

2017: 1 publication

Cci30 – the crypto currencies indexI. Rivin, C. Scevola, R. Daviscci30.com · 2 citationsOriginal CCi30 methodology (author)

Undated works: 6 publications

Analysis on Performance Comparison Between Cryptocurrency Index 30, LQ45 Index and GoldN.P. SulaemanITBUses CCi30 to measure crypto performance
Herding Behavior in Stock and Cryptocurrency Markets (MBA dissertation)J. RakhmatovBanking and Finance Academy of UzbekistanS&P100 and CCi30 as market proxies
Speculative bubbles and herding in cryptocurrenciesI. Yagli, O. Haykir(Working paper)Uses CCi30
Momentum investing in cryptocurrenciesL. Swinkels(Working paper)Uses CCi30
Deep learning-based short-term cryptocurrency price forecasting using LSTM + technical indicatorsY. Celik, I.S. InceInt. J. of Pure and Applied SciencesReferences CCi30 forecasting
Diseno y construccion de un indice de criptoactivos, el Bitindex (thesis)A. Voces CuadradoUniv. de LeonReferences CCI30 crypto index

Method and sources

Entries were located through publisher databases. Citation counts change continuously and are reported as found. A work appears on this list when it uses CCi30 index values, constituents, or methodology as data or benchmark, or when it analyzes the index itself. Corrections and additions can be sent through the contact form.