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

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

The Samsung Bitcoin Futures Active ETF (3135:HK) seeks to obtain a performance similar to spot BTC by investing in bitcoin futures products listed on the Chicago Mercantile Exchange (CME), according to a report by Fortune Korea. Cointelegraph also reported the news earlier on Thursday.

“Samsung Bitcoin Futures Active ETF is a competitive product that reflects Samsung Asset Management’s long-term futures-based ETF know-how and risk management experience,” said Park Seong-jin, head of Samsung Asset Management’s Hong Kong branch, per a translated version of the Fortune Korea report. “It is a new option for investors who are highly interested in Bitcoin.”


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