Samsung Asset Management Hong KongA division of South Korea’s tech giant, Bitcoin Bitcoin/USD Futures ETF on January 13th.
The ETF, named “Samsung Bitcoin Futures Active ETF,” aims to offer investors similar returns to a spot investment in Bitcoin.
This ETF allows investors to Hong Kong Other Asian markets to gain exposure to Bitcoin, the world’s most popular digital currency.
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ETFs primarily invest in Bitcoin futures. Chicago Mercantile Exchange (CME) is known for futures contracts based on the spot price of Bitcoin.
This reduces the volatility and risk associated with direct investments in digital currencies.
In addition, ETFs may also invest in CME microbitcoin futures in some cases as a way to diversify their investment portfolio.
Head of Samsung Asset Management Hong Kong Office, Park Sung Jinsaid the ETF would offer investors similar investment performance as physical Bitcoin.
“Hong Kong is the only market in Asia where a Bitcoin futures ETF is listed and traded on the institutional market. , this will be a new option,” he added.
Samsung Announces Hong Kong Receives First Bitcoin, ethereum Ethereum/USD Futures Exchange Traded Funds (ETFs).
The ETFs by CSOP Asset Management reportedly raised around $58.9 million and $19.7 million, respectively, before listing, suggesting strong appetite for cryptocurrencies in the Hong Kong market.
The launch of a Bitcoin futures ETF by Samsung Asset Management is an important development for the Asian cryptocurrency market.
It provides investors with a convenient way to gain exposure to major digital currencies while also helping to reduce the volatility and risk associated with investing directly in Bitcoin.
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