- Samsung Asset Management, ‘Bitcoin Futures Active ETF’ Listed in Hong Kong.
- The listing is shcheduled to take place on 13th of January.
- Hong Kong is the only market in Asia where ETFs can be traded.
The “Samsung Bitcoin (BTC) Futures Active ETFs” from Samsung Asset Management will soon be traded on the Hong Kong Stock Exchange, as per a recent announcement by the firm. The listing is scheduled to take place on January 13, 2023. The goal of the Samsung Bitcoin Futures Active Exchange Traded Fund is to give investors returns that are similar to those of buying Bitcoin on the spot market.
According to the report, the ETF’s primary investments are in Bitcoin futures that are traded on the Chicago Mercantile Exchange (CME), and it has also made some investments in CME Micro Bitcoin futures. Micro Bitcoin futures are financial products that allow investors to speculate on the price of Bitcoin in the future despite the small contract unit and margin requirements.
Hong Kong is currently the only market in Asia where ETFs can be traded. This demonstrates Hong Kong’s continued dominance in Bitcoin ETF holdings despite the city’s efforts to become a crypto hub spearheaded by its government. It is currently trying to entice crypto companies to set up shop in the area and register with the relevant financial authorities.
Canada, the United States, Australia, and some European countries like Switzerland are also potential markets for ETFs. Samsung Asset Management had both the Samsung Blockchain Technologies ETF and the Samsung Asia Pacific Metaverse ETF on the Hong Kong stock market.
At its current price of $18,148.39, Bitcoin (BTC) has gone up by 3.99%, which shows that traders are becoming more bullish. The cryptocurrency market as a whole also saw a rebound as this news spread to other digital currencies.
Read Also :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://cryptonewsland.com/amid-crypto-market-recovery-samsung-launches-bitcoin-futures-etfs/
- 11
- 2019
- 2020
- 2023
- 39
- 9
- a
- About
- accurate
- active
- advice
- Affiliated
- All
- Although
- Amid
- and
- announced
- Announcement
- AREA
- asia
- asia pacific
- asset
- asset management
- Australia
- Authorities
- avatar
- become
- becoming
- before
- behind
- believe
- benefit
- Better
- Bitcoin
- Bitcoin ETF
- Bitcoin Futures
- blockchain
- blockchain technologies
- BTC
- build
- Bullish
- Buying
- Buying Bitcoin
- Chess
- chicago
- Chicago Mercantile Exchange
- CME
- CME Bitcoin Futures
- Companies
- company
- content
- continued
- contract
- countries
- credible
- crypto
- crypto companies
- crypto hub
- Crypto Market
- Crypto News
- crypto space
- cryptocurrency
- Cryptocurrency Industry
- cryptocurrency market
- currencies
- Current
- Currently
- Decentralization
- decision
- DeFi
- Despite
- digital
- digital currencies
- Dominance
- efforts
- encourage
- entity
- ETF
- ETFs
- European
- European Countries
- everyone
- exchange
- expert
- financial
- financial products
- Firm
- Football
- fresh
- from
- fund
- future
- Futures
- Give
- goal
- Government
- help
- Holdings
- Hong
- Hong Kong
- Hong kong stock exchange
- HTTPS
- Hub
- Impact
- in
- independent
- industry
- information
- interested
- investment
- Investments
- Investors
- Invests
- IT
- January
- Know
- Kong
- Land
- launches
- List
- Listed
- listing
- made
- make
- Making
- management
- Margin
- Market
- Markets
- Media
- Mercantile
- Metaverse
- Metaverse ETF
- more
- news
- On The Spot
- Other
- own
- Pacific
- Place
- planet
- plato
- Plato Data Intelligence
- PlatoData
- potential
- price
- primarily
- primary
- Products
- provide
- provided
- rebound
- recent
- recovery
- register
- relevant
- report
- Requirements
- research
- returns
- Samsung
- scheduled
- set
- Shop
- Shows
- similar
- since
- small
- some
- Sources
- Space
- Spot
- spot market
- spread
- started
- statements
- States
- stock
- Stock Exchange
- stock market
- subject
- switched
- switzerland
- TAG
- Take
- Technologies
- Technology
- The
- The Area
- the world
- their
- to
- traded
- Traders
- Trading
- true
- unit
- United
- United States
- visitors
- Website
- which
- while
- will
- world
- writing
- Your
- zephyrnet