The Hong Kong branch of Samsung Asset Management, the largest asset manager in South Korea, will list a bitcoin-related exchange-traded fund (ETF) on Jan. 13.
“Samsung Bitcoin Futures Active ETF seeks to provide economic exposure to the value of bitcoin by investing predominately in front-month Bitcoin Futures on CME,” the company said in a statement, adding that it does not invest directly in bitcoin.
The product is the third crypto-related ETF to be listed in Hong Kong, according to the city’s Securities and Futures Commission.
Last June, Samsung Asset Management launched Asia’s first blockchain ETF, Samsung Blockchain Technologies ETF, which invests in blockchain-related companies.
Yeran Kim
smarttimes2015@naver.com