Samsung's Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong – Finance Bitcoin News

Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund . The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to the value of bitcoin,” Samsung detailed.Samsung Asset Management Ltd., a wholly owned subsidiary of Samsung Asset Management, a member of the Samsung Group of companies, launched a bitcoin futures exchange-traded fund on Friday called “Samsung Bitcoin Futures Active ETF.

The investment objective of the sub-fund is to seek to provide economic exposure to the value of bitcoin by investing predominately in front-month bitcoin futures contracts and/or micro bitcoin futures contracts traded on the Chicago Mercantile Exchange . While bitcoin is priced in U.S. dollars, units of the Samsung Bitcoin Futures Active ETF are listed and traded in Hong Kong dollars on the Stock Exchange of Hong Kong , the company clarified.

If we get one in the US , BTC will double instantly

Cool. More such companies

This bull run winner will be polkadot $dot Polkadot and if polkadot do 10x ,$glmr MoonbeamNetwork will do 50 -100x .Market cap is so tiny as compared to polkadot ,only 180 million.Hope for the best.derekyoo

Wow, Samsung is paving the way for mainstream adoption of crypto! This $BTC ETF is a great move towards a more decentralized world 🙌

🔥🔥🚀🚀🚀🚀🚀

Need spot ETF

Nice very nice

Wow, this is great news for DeFi! Samsung's move will make crypto more accessible to everyone, bringing us closer to mainstream adoption. HODL Bitcoin BTC

This is great news for cryptocurrency! Samsung's move confirms that $BTC is the future of money. HODL on, friends! 🚀

Totally agree, but I only use ChiefraFba for signals and analysis

Brilliant, but using ChiefraFba for signals and analysis

People tend to think BTC retracements and slowing in its bullish momentum are a recipe for a new BTC Bear Market Instead, it turns out that slowing in simply enables more Money Flow btchill_ has been very helpful, as I’ve added massively to my holdings

Bull trap

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☘️

Bulish

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