Samsung Investment Arm to launch Bitcoin Futures ETF in the Midst of Rising Crypto Interest

Hong Kong Investors will now be able to gain Exposure to Bitcoin thanks to Samsung’s latest ETF listing, which will be available on Jan.13.

In Hong Kong, the bell rings for Bitcoin.Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to list the “Samsung Bitcoin Futures Dynamic ETF” on the Hong Kong stock market on Jan. 13.

The move comes amid a surge in interest from both the public authority and institutional investors in the region.

The ETF, or exchange-traded fund, will follow the spot price of Bitcoin by investing in Bitcoin futures products listed on the Chicago Commercial Exchange (CME). The ETF will fundamentally invest in the CME Bitcoin Futures, for certain investments in the CME Micro-Bitcoin Futures.

Right now, Hong Kong is the main market in Asia where Bitcoin futures ETFs can be traded. The Samsung Bitcoin Futures ETF joins the Hong Kong Crypto Futures ETF, which started trading as much as $70 million out of 2022. Different markets overall incorporate Canada, the U.S., Australia, and a few European countries like Switzerland.

“Hong 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.”

This ETF listing will provide retail and institutional investors with a new method for gaining exposure to Bitcoin, which might assist with attracting more standard investors to the cryptocurrency space. With Samsung’s reputation and brand power, the ETF could be an attractive choice for investors who are searching for a method for investing in Bitcoin without purchasing and holding their own private keys directly.

The move by Samsung comes as the price of Bitcoin surpassed the $18,000 level, indicating a potential rise in certain feeling among traders. Other cryptocurrencies have also gone with the same pattern, recording a recovery in the broader Crypto market.

In 2022, Samsung Asset Management Hong Kong Limited held $1.4 bn assets under management, while the globally recognized brand of Samsung continues to be actively engaged with the Crypto space. The South Korean company, valued at more than $300 billion, brags a blockchain wallet while the lead smartphone, World S22 comes with a preinstalled Crypto.

The ETF is a further indication that the global brand is hoping to capitalize on the developing interest in Cryptocurrencies.