Samsung Launches Bitcoin Futures ETF
Samsung Asset Management plans listing the “Samsung Bitcoin Futures Active ETF” in Hong Kong amid the crypto market recovery. On January 13, Samsung Asset Management Hong Kong (SAMHK), a division of Samsung Asset Management, the company’s investment arm, plans to float the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock exchange. The action […]
Hong Kong crypto futures ETFs raise over $70M ahead of debut
The CSOP Bitcoin Futures ETF has raked in $53.8 million, while the CSOP Ether Futures ETF has collected $19.7 million in initial investments. Before their Dec. 16 registration on the Hong Kong Stock Exchange, cryptocurrency futures exchange-traded funds (ETFs) managed by CSOP Asset Management have raised $73.6 million in investments. In an announcement, the ETF […]
WisdomTree launches 9 new ‘blockchain-enabled’ funds
Nine more blockchain-enabled funds from asset management WisdomTree, worth $82 billion, have received approval from the U.S. Securities and Exchange Commission (SEC). None of these funds actually monitor cryptocurrency assets, but the company does use the Ethereum and Stellar blockchains to maintain a secondary record of share ownership, making them blockchain-enabled or, as WidsomTree calls […]
October Marks The Lowest Daily Trading Volume
October has the lowest daily trading volume. The market appears to be recovering, despite the poor daily trade numbers. This month still sets a record low for an average daily aggregate product volume across all digital asset investment products, despite the crypto market showing signs of a gradual recovery with Bitcoin (BTC$20,149) holding above the […]
Cryptocurrency Exchange Traded Fund (ETF) explained
Cryptocurrency Exchange Traded Fund (ETF) makes it possible for investors to invest in crypto without having to deal with a crypto exchange. A cryptocurrency exchange-traded fund (ETF) is a fund consisting of several cryptocurrencies that monitor the price or value of one or more digital tokens. The ProShares Bitcoin Strategy ETF (BITO), the first cryptocurrency […]