🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Samsung Announces Bitcoin Futures ETF Launch As Market Recovers

Published 01/12/2023, 06:10 AM
Updated 01/12/2023, 06:30 AM
© Reuters.  Samsung Announces Bitcoin Futures ETF Launch As Market Recovers
005930
-
BMC
-
BTC/USD
-

  • Samsung (KS:005930) Asset Management to launch Bitcoin futures ETF in Hong Kong.
  • The ETFs will be listed on the Hong Kong Stock Market.
  • Samsung Bitcoins Futures Active ETF will invest in products listed on Chicago Mercantile Exchange.

Samsung Asset Management announced that it plans to launch Bitcoin futures exchange-traded fund (ETF). On January 13, Samsung will list the ETF on the Hong Kong stock market while Hong Kong retail and institutional investors show a rise in interest.

The Samsung Bitcoin Futures Active ETF is being released with the goal of tracking spot Bitcoin’s performance by investing in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME). Moreover, a Korean local news outlet has confirmed that the Bitcoin futures ETF will invest primarily in the CME Bitcoin Futures, alongside minor investments in CME Micro-Bitcoin Futures.

Samsung Asset Management’s Hong Kong head, Park Seong-jin shared,

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.

At present, Hong Kong is the only primary location in Asia that supports the trade of Bitcoin futures ETF. Samsung ...

The post Samsung Announces Bitcoin Futures ETF Launch As Market Recovers appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.