Media: Samsung Asset Management to Launch Asia’s First Blockchain ETF
- May 2, 2022
- 0
Samsung Asset Management plans to list an ETF focused on a blockchain company on the Hong Kong Stock Exchange (HKEX) in the first half of 2022. This was
Samsung Asset Management plans to list an ETF focused on a blockchain company on the Hong Kong Stock Exchange (HKEX) in the first half of 2022. This was reported by The Korea Economic Daily.
This decision may have been driven by the company’s purchase of a 20% stake in American ETF provider Amplify Holding for $30 million. The latter launched the Amplify Transformational Data Sharing ETF (BLOC).
An exchange-traded fund’s prospectus assumes an investment of at least 80% of the investment. AUM It is in the shares of blockchain companies such as Nvidia, Coinbase Global, CME, Galaxy Digital Holdings. It also includes Canadian-traded spot bitcoin ETFs and 3IQ Coinshares from Purpose.
It is assumed that Samsung Asset on HKEX will repeat the BLOC structure.
Due to legal restrictions, the instrument is not expected to be listed in South Korea.
Recall that in January 2022, Torus Kling Blockchain and the India International Stock Exchange signed a letter of intent to launch an ETF based on bitcoin and Ethereum futures.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
