The Hong Kong Stock Exchange (HKEX) will launch Bitcoin and Ether price indices next month, aiming to provide a clear reference price for cryptocurrencies during Asian trading hours.
The new series, called the HKEX Virtual Asset Index Series, will feature separate indices for Bitcoin and Ether, providing reliable real-time benchmarks for investors.
The launch of these indices enhances investor confidence, boosts institutional adoption, reinforces Hong Kong's position as a financial hub, but may also introduce potential market fluctuations.
This move aligns with Hong Kong's efforts to establish itself as a leading international financial hub and sets a precedent for other exchanges in Asia to follow.