The Hong Kong Virtual Asset Rating Agency (HKVAC) has recently made headlines with its announcement of pivotal changes to its cryptocurrency indices. According to Foresight News, these adjustments will be effective from January 19th and are expected to influence the landscape of digital asset trading in significant ways.
Key changes have been noted in the HKVAC Core Index and the HKVAC Market Index. Notably, the HKVAC Global Large Cryptocurrency Index will see the addition of cryptocurrencies such as ICP, NEAR, OP, INJ, and IMX. Conversely, TUSD, BUSD, HBAR, FIL, and MKR will be removed from the index. Similarly, the HKVAC Large Cryptocurrency Index will also undergo adjustments, with the inclusion of ICP, NEAR, OP, INJ, and IMX, while excluding MKR, LDO, MNT, QNT, and ARB.
In a move that’s catching the attention of market analysts, the HKVAC Global Large Cryptocurrency Top 5 Index and Weighted Index will replace XRP with SOL. Moreover, the HKVAC Global Large Cryptocurrency Top 10 Index and Weighted Index will see AVAX take the place of TRX.
This restructuring reflects the dynamic nature of the cryptocurrency market and represents a significant reshuffling in the valuation and perception of these digital assets. Investors and traders within the virtual asset domain are closely monitoring these changes, anticipating their potential impact on market trends and investment strategies.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.