Samsung investment arm pondering direct-Bitcoin ETF in Hong Kong

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Hot on the heels of its Bitcoin (BTC) futures alternate-traded fund (ETF) in Hong Kong, Samsung (KS:005930) Asset Administration has indicated it’s pondering the open of a direct Bitcoin ETF on the metropolis’s alternate if insurance policies allow for it.

In an interview with Bloomberg printed on Jan. 13, Hong Kong chief govt for Samsung Asset Administration, Sam Park, said: “It in actuality is reckoning on how policy is going to be developed.” He added that the Hong Kong directors are “clearly” mad about rising the metropolis staunch into a crypto hub.

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