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Samsung Investment Arm to Launch Bitcoin Futures ETF in Hong Kong
Samsung Asset Management, the investment arm of the financial services giant, has announced its plans to launch a Bitcoin Exchange Traded Fund (ETF) product, giving investors a new way to gain exposure to the digital currency. As reported by Cointelegraph, the proposed product, dubbed the “Samsung Bitcoin Futures Active ETF” is billed to float on January 13 and will be trading on the Hong Kong Stock Exchange.
The proposed product will offer both retail and institutional investors in Hong Kong an avenue to invest in the nascent asset class. Per the report, the Bitcoin Futures ETF will invest in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME). Two of these products include the CME Bitcoin Futures and the CME Micro Bitcoin Futures.
Hong Kong has continued to gain a reputation as one of the top financial epicenters in the Asian region. The country is the only location in the whole of
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