Introduction
The HKEX Bitcoin Index Series provides a USD-denominated reference price for Bitcoin, calculated using aggregated market spot prices from leading virtual asset exchanges.
This index series includes:
- HKEX Bitcoin Reference Index: A real-time 24-hour volume-weighted reference spot price.
- HKEX Bitcoin Reference Rate: A daily reference rate calculated at 4:00 PM Hong Kong Time.
Key features:
- Rule-based methodology ensuring transparency and replicability.
- Relies on real-time data from multiple representative virtual asset exchanges.
- Designed for Asian timezone investors and product issuers.
- Rigorous governance framework.
- Administered by CCData, a leading virtual asset data and index provider.
Index Data
| Parameter | HKEX Bitcoin Reference Index | HKEX Bitcoin Reference Rate |
|---|---|---|
| Index Type | Real-time | Daily |
| Launch Date | November 15, 2024 | November 15, 2024 |
| Base Date | December 31, 2016 | December 31, 2016 |
| Currency | USD | USD |
| Daily Close Time | 4:00 PM HKT | 4:00 PM HKT |
| Publication Frequency | Real-time (~per second) | Daily |
| Index Code | Bloomberg: HKEXBTCRefinitiv: .HKEXBTC | Bloomberg: HKEXBRRRefinitiv: .HKEXBRR |
Key Circulars
- Semi-Annual Constituent Exchange Review Results (May 26, 2025)
- Quarterly Inclusion Results (February 24, 2025)
Resources
- Index Methodology (English)
- Factsheet (English)
- Introduction to HKEX Virtual Asset Index Series (English)
- HKEX Virtual Asset Index Series Leaflet (English)
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FAQs
1. What is the purpose of the HKEX Bitcoin Index Series?
It serves as a benchmark for Bitcoin’s USD price, aiding in pricing transparency for financial products like ETFs and derivatives.
2. How often is the HKEX Bitcoin Reference Rate updated?
Once daily at 4:00 PM HKT.
3. Which exchanges contribute data to these indices?
The methodology selects exchanges based on liquidity, regulatory compliance, and market reputation. Exact constituents are reviewed semi-annually.
4. Can these indices be used for arbitrage?
While they reflect aggregated market prices, latency differences between exchanges may limit real-time arbitrage feasibility.
5. Who administers the indices?
CCData acts as the calculation agent and index administrator.
Contact Us
For inquiries, email [email protected].