Samsung investment arm considering spot-Bitcoin ETF in Hong Kong

) futures exchange-traded fund in Hong Kong, Samsung Asset Management has indicated it's considering the launch of a spot Bitcoin ETF on the city's exchange if policies allow for it.with Bloomberg published on Jan.

A spot market refers to a market where the exchange of financial instruments is settled immediately, while a futures market refers to a market where participants buy and sell contracts to be settled at a later date, with products considered derivatives.on the Hong Kong Exchanges and Clearing Market on Jan. 13, with the exchange currently the only one in Asia which supports the trading of Bitcoin futures ETFs.

In an interview with Bloomberg published on Jan. 13, Hong Kong chief executive for Samsung Asset Management, Sam Park, said: “It really depends on how policy is going to be developed.”

Hmm, Samsung seems to be really getting into the web3 space ever since it partnered with Polygon to display NFTs in 8k on its smartTVs with Savage app. Mainstream mass adoption is well underway, huh?

Hong Kong chief executive for Samsung Asset Management, Sam Park, said: “It really depends on how policy is going to be developed.” He added that the Hong Kong administrators are “clearly” interested in developing the city into a crypto hub.

Exciting news! If Bitcoin ETF is approved in HK, it will mark a milestone in mainstream adoption of crypto. HODL and FOMO, folks!

Woah! This is great news for crypto. Having a big player like Samsung to back a Bitcoin ETF would make it even easier to hodl. HODLnation

👀

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