• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Friday, January 27, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Samsung Asset Management to List Bitcoin Futures ETF on Hong Kong Stock Exchange

by Kurt Ebenzer
12 January 2023
US SEC Denies WisdomTree’s Bitcoin ETF Application Again
Share on FacebookShare on Twitter

Bitcoin futures ETF listed on Hong Kong Stock Exchange

Samsung Asset Management (SAM HK), the Hong Kong branch of Samsung Investments, launched a Bitcoin futures ETF on the Hong Kong Stock Exchange (HKEX) on the 12th. Trading will begin on the 13th.

“Samsung Bitcoin Futures Active ETF (FA SAMSUNG BTC)” is a financial product that invests in bitcoin futures and micro bitcoin futures on the US CME (Chicago Mercantile Exchange). what you get.

This has the advantage of being able to trade according to Asian time instead of US time while avoiding hacking risks such as leakage of the actual private key. Hong Kong is the only market in Asia where Bitcoin futures ETF trading is possible.

The Securities and Futures Commission of Hong Kong approved the ETF on January 9, 2023. It is the third cryptocurrency-related ETF to be listed on the Hong Kong Stock Exchange. Last year, “Blockchain Technology ETF” and “Asia Pacific Metaverse ETF” were listed.

SAM HK president Sung-jin Park said Hong Kong is the only market in Asia where Bitcoin futures ETFs can be traded.

Samsung Bitcoin Futures Active ETF is a competitive product that reflects the know-how and risk management experience of Samsung Asset Management, which has been managing futures ETFs for a long time. It will be a new option for investors who are highly interested in Bitcoin.

In December 2010, “CSOP Bitcoin Futures ETF” and “CSOP Ethereum Futures ETF” provided by CSOP Asset Management, a subsidiary of China’s major asset management company “Southern Fund”, were released. CSOP Bitcoin Futures ETF was listed. A turnover of 122.88 million yen was recorded on the first day.

Relation:Hong Kong’s first Bitcoin and Ethereum ETF to be listed today

Samsung Asset Management Hong Kong Branch

Samsung Asset Management Hong Kong (SAM HK) manages funds for South Korea’s major institutional investors, including sovereign wealth funds and large pension funds. It was established in November 2007 as the Hong Kong branch of Samsung Asset Management, South Korea’s largest asset management company with approximately 30 trillion yen ($233.4 billion) in assets under management.

In June 2022, SAM HK announced the “Samsung Blockchain Technology ETF,” the first blockchain ETF in Asia to invest in blockchain-related companies, and the “Samsung Asia Pacific Metaverse ETF,” which invests in Metaverse projects in the Asian region. rice field.

Bitcoin ETFs have been expected by the industry for several years as an investment product that will contribute to the expansion of the Bitcoin (BTC) market and the improvement of its liquidity. After being rejected by the SEC (Securities and Exchange Commission) in the United States, a Bitcoin futures ETF was first approved in October 2021.

Several investment companies, such as VanEck and Bitwise, have attempted to apply for a “Bitcoin ETF (in-kind)”, but the SEC’s policy calls for “risk of market manipulation” and “lack of institutional-level custody.” Reasons for non-approval judgment continue.

Relation:Bitcoin ETF (Exchange Traded Fund) Latest Information Summary

Previous Post

Remote software spread on fake Pokemon NFT site, case of virtual currency fraud discovered

Next Post

Blockchain game “Captain Tsubasa -RIVALS-” service started | coindesk JAPAN

Kurt Ebenzer

Kurt Ebenzer

Kurt is an experienced writer with vast experience in documentation and interpretive math. His path to crypto journalism starts with Ourbitcoinnews and he hopes to shine new light in the noisy crypto media space.

Related Posts

Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan

Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan

by Damien Martin
27 January 2023

Bitcoin (BTC) has had its strongest start since 2013. The price of Bitcoin, the world's largest cryptocurrency by market capitalization,...

DEA releases collaboration NFT with popular mahjong game “Idol Janshi Suchie-Pai”

DEA’s NFT Marketplace Allows Buying With Fiat Currency

by Kurt Ebenzer
27 January 2023

Introduced fiat currency settlement to the NFT market Digital Entertainment Asset Pte. Ltd. (DEA), a global developer of the GameFi...

BuzzFeed Stock Soars 119% After OpenAI Content Boost

BuzzFeed Stock Soars 119% After OpenAI Content Boost

by Kurt Ebenzer
27 January 2023

BuzzFeed Stock Soars Following a report that US digital media company BuzzFeed plans to provide content using AI (artificial intelligence)...

No Result
View All Result

Recent Posts

  • Bitcoin, best January since 2013 ── American institutional investors lead | coindesk JAPAN | Coindesk Japan
  • DEA’s NFT Marketplace Allows Buying With Fiat Currency
  • BuzzFeed Stock Soars 119% After OpenAI Content Boost
  • Huobi Japan starts handling pallet token (PLT) | coindesk JAPAN
  • Ethereum L2 Demand Increases, Optimism Token Hits Record High
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News