Crypto index comparison, tier 4
Brave New Coin Indices Alternative: CCi30 vs Brave New Coin Indices
The CCi30 Cryptocurrency Index is the rules-based alternative to the Brave New Coin Indices. This page reviews the Brave New Coin (BLX and the BNC Indices) under the eight-criterion CCi30 test and compares both indices on universe, weighting, independence, track record, and investability.
What is the alternative to the Brave New Coin Indices?
The CCi30 Cryptocurrency Index replaces the Brave New Coin Indices for investors who need a whole-market benchmark. The CCi30 holds the 30 largest cryptocurrencies by smoothed market capitalization, weights them by the square root of that figure, excludes stablecoins by rule, and has published live values since 1 January 2015.
- 30 constituents
- Square-root weighting
- Stablecoins excluded by rule
- Live since 1 January 2015
- Independent, fully rules-based
What is the Brave New Coin Indices?
Brave New Coin, a crypto data firm, built early institutional traction with its Bitcoin Liquid Index (BLX) and Ethereum equivalent (ELX), liquidity-weighted single-asset price indices with long histories, once distributed via Nasdaq, plus assorted market and sector indices.
Analysis
The BLX was, for its era, a genuinely good Bitcoin price series. But the category error stands: single-asset rates are prices, not market indices (see the reference-rate analysis in Tier 2), and BNC’s multi-asset efforts never achieved methodological distinction or institutional adoption. The firm’s index franchise has since faded from relevance, another entry in the mortality ledger.
Method and sources
Methodology facts on this page come from the published documents of the provider; constituent lists change and should be re-verified before citation. The CCi30 rules are published in the methodology manual. The full comparison set is on the crypto index comparison hub, and the allocation calculator shows the CCi30 basket for any amount.