Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest
Hong Kong investors can now gain exposure to Bitcoin through Samsung's new ETF listing, launching on Jan. 13. In Hong Kong, the bell rings for Bitcoin (BTC). Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung's investment arm Samsung Asset Management, is set to list the "Samsung Bitcoin Futures Active ETF" on the Hong Kong stock market on Jan. 13. The move comes amid a surge in interest from both the government and institutional investors in the region. The Hong Kong Stock Exchange. Source: thetradenews.com The ETF, or exchange-traded fund, will track the spot price of Bitcoin by investing in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME). The ETF will primarily invest in the CME Bitcoin Futures, with some investments in the CME Micro-Bitcoin Futures. Currently, Hong Kong is the only market in Asia where Bitcoin Futures ETFs can be traded. The Samsung Bitcoin Futures ETF joins the Hong Kong Crypto Futures ETF, which began t...