{"id":43792,"date":"2023-01-12T13:33:18","date_gmt":"2023-01-12T17:33:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43792"},"modified":"2023-01-12T13:33:37","modified_gmt":"2023-01-12T17:33:37","slug":"samsung-launches-bitcoin-futures-etf","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/samsung-launches-bitcoin-futures-etf\/","title":{"rendered":"Samsung Launches Bitcoin Futures ETF"},"content":{"rendered":"\n
Samsung Asset Management plans listing the “Samsung Bitcoin Futures Active ETF” in Hong Kong amid the crypto market recovery<\/a>.<\/h5>\n\n\n\n
\"Samsung
Samsung Launches Bitcoin Futures ETF<\/figcaption><\/figure>\n\n\n\n

On January 13, Samsung Asset Management Hong Kong \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(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.<\/p>\n\n\n\n

The action is being taken in response to an increase in interest from the local government and institutional investors.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

By investing in Bitcoin futures products offered on the Chicago Mercantile Exchange, the exchange-traded fund<\/a> (ETF) will track the current price of Bitcoin (CME). <\/p>\n\n\n\n

With some investments in the CME Micro-Bitcoin Futures, the ETF will predominantly invest in the CME Bitcoin Futures.The only market in Asia where Bitcoin futures ETFs may currently be traded is Hong Kong. <\/p>\n\n\n\n

The Hong Kong Crypto Futures ETF<\/a>, which started trading in 2022 with a $70 million market cap, is now joined by the Samsung Bitcoin Futures ETF. Canada, the United States, Australia, and several European nations like Switzerland are additional global marketplaces.<\/p>\n\n\n\n

\n

\u201cHong Kong is the only market in Asia where Bitcoin futures ETFs are listed and traded in the institutional market. It will be a new option for investors who are interested in Bitcoin as a competitive product that reflects their experience in risk management.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Retail and institutional investors will have a new option to access Bitcoin thanks to this ETF filing, which might help draw more mainstream investors into the cryptocurrency industry. <\/p>\n\n\n\n

The ETF may appeal to investors searching for a means to invest in Bitcoin without purchasing and holding their own private keys due to Samsung's reputation and brand strength.<\/p>\n\n\n\n

Samsung's action comes after Bitcoin's price topped $18,000, signaling a potential increase in traders' positive sentiment. The market for cryptocurrencies as a whole has recovered as other cryptocurrencies have done the same.<\/p>\n\n\n\n

Samsung Asset Management Hong Kong Limited had $1.4 billion in assets under management in 2022, and the company's well-known brand is still very active in the cryptocurrency market. <\/p>\n\n\n\n

The South Korean business, with a market capitalization of over $300 billion, claims a blockchain wallet<\/a>, and its latest phone, the Galaxy S22, includes cryptocurrency preloaded.<\/p>\n\n\n\n

The ETF is another another sign that the international company wants to profit from the rising interest in cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":43,"featured_media":43794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[940,1134,2215],"class_list":["post-43792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-etf","tag-hong-kong","tag-samsung"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673543610923.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43792"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43794"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}