Hong Kong investors can now get exposure to through the fund ETF Samsung's new future will be rolled out this week.

Samsung Launches Bitcoin ETF as Excitement Returns to Markets
Samsung launches fund when the excitement gradually returns to the market

Samsung Asset Management Hong Kong (SAMHK), a subsidiary of the investment arm of tech giant Samsung, will list the fund. Bitcoin futures on the Hong Kong Stock Exchange on January 13. The move comes amid growing interest from both governments and institutional investors in the region.

This ETF will track the spot market price of Bitcoin by investing in Bitcoin futures products listed on CME. The ETF will primarily invest in CME Bitcoin futures, with some investments in Micro Bitcoin futures.

Currently, Hong Kong is the only market in Asia where Bitcoin futures ETFs can be traded. Park Seong-jin, head of Samsung Asset Management Hong Kong, commented:

“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 for investors interested in Bitcoin as a competitive product that reflects their experience in risk management.”

This ETF listing will provide institutional and retail investors with a new way to gain exposure to Bitcoin, which could help attract more mainstream investors into the space. in Asia, a region that already excels in receiving and promoting compared to the rest of the world.

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On the other hand, given Samsung's reputation and brand strength, a Bitcoin futures ETF could be an attractive option for investors looking to invest in Bitcoin without buying and holding their private keys online. next.

In 2022, Samsung Asset Management Hong Kong holds approximately $1.4 billion in assets under management, while the globally recognized Samsung brand continues to be actively involved in the space. . Recently, Samsung has made the community stand still with a series of unexpected announcements such as preparing to launch an exchange in 2023, start producing Bitcoin mining chips and launch Samsung Wallet digital wallet application.

However, Samsung's move came when the Bitcoin price crossed the $19,000 mark for the first time since the crash , growing continuously for the past 5 days without any correction, which is very rare for in the past one year. Hence suggesting the potential to increase the positive sentiment among traders looks to have recovered.

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