Samsung Publicizes Bitcoin Futures ETF Launch As Market Recovers

Samsung Publicizes Bitcoin Futures ETF Launch As Market Recovers

© Reuters. Samsung Publicizes Bitcoin Futures ETF Launch As Market Recovers
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  • Samsung (KS:005930) Asset Administration to open Bitcoin futures ETF in Hong Kong.
  • The ETFs will be listed on the Hong Kong Stock Market.
  • Samsung Bitcoins Futures Active ETF will invest in merchandise listed on Chicago Mercantile Exchange.
  Sushiswap Surges by 3.25% Indicating a Proper Bullish Sentiment

Samsung Asset Administration launched that it plans to open Bitcoin futures alternate-traded fund (ETF). On January 13, Samsung will checklist the ETF on the Hong Kong stock market whereas Hong Kong retail and institutional traders repeat a upward thrust in hobby.

The Samsung Bitcoin Futures Active ETF is being launched with the purpose of tracking trouble Bitcoin’s efficiency by investing in Bitcoin futures merchandise listed on the Chicago Mercantile Exchange (CME). Furthermore, a Korean local news outlet has confirmed that the Bitcoin futures ETF will invest essentially within the CME Bitcoin Futures, alongside minor investments in CME Micro-Bitcoin Futures.

Samsung Asset Administration’s Hong Kong head, Park Seong-jin shared,

Hong Kong is the supreme market in Asia the set bitcoin futures ETFs are listed and traded within the institutional market. That is also a brand novel chance for traders who're attracted to Bitcoin as a aggressive product that reflects their expertise in menace administration.

At contemporary, Hong Kong is the supreme main dwelling in Asia that helps the factitious of Bitcoin futures ETF. Samsung ...

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