SHIB, XRP, and ADA gain recognition with inclusion in prominent Hong Kong index
The HKVAC index , unveiled by the Hong Kong Virtual Assets Consortium (HKVAC), adds XRP, SHIB and ADA to its list of recognized cryptocurrencies. This newly introduced index , which assesses 30 prominent digital assets, places significant emphasis on market capitalization as the primary criterion for evaluation. Top 30 on the index The Hong Kong Virtual Assets Consortium (HKVAC) introduced the index with the aim to provide investors and regulators with a dependable benchmark to assess the performance and risks associated with virtual assets. JUST IN: $SHIB & $XRP have been recognized in Hong Kong’s HKVAC Index! — Shiba Archives (@ShibaArchives) June 28, 2023 HKVAC’s official website reveals two versions of the index. The first version assigns weights to crypto assets based on their market capitalization, while the second version incorporates risk ratings into the weighting methodology. These variations offer different perspectives on the composition and evaluati...