Samsung Bitcoin Future Active ETF to Hit Hong Kong Stock Market on Jan 13

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 85 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Samsung's new Bitcoin ETF listing targets both retail and institutional investors.

Samsung’s new Bitcoin ETF listing targets both retail and institutional investors.

Samsung investment arm’s subsidiary – Samsung Asset Management Hong Kong – outlined plans to list Samsung Bitcoin Futures Active ETF on the Hong Kong stock market starting January 13., the fund in question is a sub-fund of Samsung ETFs Trust III, an umbrella unit trust established under Hong Kong law.The Samsung Bitcoin Futures Active ETF seeks to provide economic exposure to BTC’s value by investing in Bitcoin futures products listed on the Chicago Mercantile Exchange .

Following the development, Park Seong-jin, head of Samsung Asset Management Hong Kong, said in a statement,“Hong Kong is the only market in Asia where bitcoin futures ETFs are listed and traded in the institutional market. It will be a new option for investors who are interested in Bitcoin as a competitive product that reflects their experience in risk management.”

The latest offering comes on the heels of Samsung Asset Management listing the Samsung Blockchain Technologies ETF and Samsung Asia Pacific Metaverse ETF in the region, catering to the growing demand for Web3-related exposure.Currently, Hong Kong is the only Asian venue for trading Bitcoin future ETFs. CSOP Asset Management, which submitted its applications to the Securities and Futures Commission ,the first company to list its Bitcoin Futures ETF for trading in Hong Kong’s stock market.

Hong Kong government has been eyeing to reclaim its position as a global hub of crypto companies and evenMore recently, the legislative councila new amendment to the Anti-Money Laundering and Counter-Terrorist Financing Bill 2022 to fit the crypto industry, introducing a licensing regime for virtual asset service providers .

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 568. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Bitcoin mining ETF tops equity ETF market in new year's performance chartsBitcoin started the year on a bullish front both on the spot market and the traditional ETF market as welll. LFG🚀🚀 News like this🔥 Fully equipped Time to ape some $TINU TresorInu It's on $ETH and these guys build the first crypto marketplace!
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interestWill 2023 be the year of the ETF? A subsidiary of Samsung's investment arm is set to list the 'Samsung Bitcoin Futures Active ETF' on the Hong Kong stock market. BREAKING : An international operation against a massive financial crime scheme, money laundering and violations of international sanctions against Russia is currently underway in Sofia. The move comes amid a surge in interest from both the government and institutional investors in the region. Samsung & VeChain mofos going to join late. Very well than carry on.
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High – Market Updates Bitcoin NewsBitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. $dego 🔥🔥 $dego 🔥🔥🔥 You all should follow *zymfund* on INSTAGRAM he helps a lot of people make money online and now he his giving out *giveaway* to first *50* people to follow him on IG
Fonte: BTCTN - 🏆 531. / 51 Consulte Mais informação »