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Samsung Asset Management Will List Asia’s First Blockchain ETF in Hong Kong

Samsung Asset Management – Korea’s largest asset manager – plans to list a blockchain-focused ETF in Hong Kong before July. This is reportedly the first ETF in Asia that will include actual cryptocurrency exposure.
Asia’s First Blockchain ETF
As reported by the South Korean business newspaper Hankyung, the fund will resemble Amplify’s Transformational Data Sharing ETF (BLOK ETF). The latter invests mainly in cryptocurrency-related companies, such as SilverGate Capital, Galaxy Digital Holdings, Coinbase, and Bitcoin futures contracts.
Samsung Asset Management recently acquired a 20% stake in Amplifi for $30 million and secured exclusive sales rights for Amplifi’s ETF in Asia. Its new fund will contain the same structure as the BLOK ETF, but trade under Samsung’s name.
However, the BLOK ETF also contains other ETFs that directly track the price of Bitcoin, such as Canada’s Purpose Bitcoin ETF. Therefore, should Samsung’s structure truly be identical, that means it will

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We współpracy z: https://cryptopotato.com/samsung-asset-management-will-list-asias-first-blockchain-etf-in-hong-kong/

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