The Hong Kong Virtual Asset Index (HKVAC) has been unveiled, encompassing a wide range of cryptocurrencies and tokens. The index, which includes prominent digital currencies such as Bitcoin (BTC) and Ethereum (ETH), also features stablecoins like WBTC, BTCB, and stETH, among others.
While the HKVAC aims to provide a comprehensive overview of the virtual asset market, its inclusion of platform tokens, privacy tokens, and SEC-listed tokens has raised eyebrows. The diverse selection of tokens within the index reflects the growing prominence of these digital assets in the global economy. However, critics argue that the inclusion of tokens deemed as securities by the SEC might hinder the reputation and acceptance of the index, particularly among institutional investors.
Some individuals question the relevance and credibility of an index that includes tokens associated with privacy features and platform-specific utilities. The debate surrounding the inclusion of these tokens underscores the ongoing discussions surrounding the regulatory frameworks and definitions of virtual assets.