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
🔥
☘️
Bulish
Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
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