Samsung Asset Administration To Launch Bitcoin ETF In Hong Kong: Report

0
50

Samsung Asset Administration is launching a bitcoin exchange-traded fund (ETF) in Hong Kong.

The Samsung Bitcoin Futures Energetic ETF (3135:HK) seeks to acquire a efficiency much like spot BTC by investing in bitcoin futures merchandise listed on the Chicago Mercantile Trade (CME), in keeping with a report by Fortune Korea. Cointelegraph additionally reported the information earlier on Thursday.

“Samsung Bitcoin Futures Energetic ETF is a aggressive product that displays Samsung Asset Administration’s long-term futures-based ETF know-how and threat administration expertise,” stated Park Seong-jin, head of Samsung Asset Administration’s Hong Kong department, per a translated model of the Fortune Korea report. “It’s a new choice for buyers who’re extremely desirous about Bitcoin.”

Supply: Bitcoin Journal

LEAVE A REPLY

Please enter your comment!
Please enter your name here