According to an official announcement, Hong Kong Exchanges and Clearing Limited (HKEX) announced that it will launch the HKEX Virtual Asset Index Series on November 15, 2024 to provide a reliable benchmark price for the rapidly emerging asset class of virtual assets and support Hong Kong's development into Asia's leading digital asset center.

The index series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets to solve the price differences between global exchanges for such assets.