Samsung’s Bitcoin ETF, $700M bust, Coinbase exits Japan: Asia Explicit

Our weekly roundup of data from East Asia curates the industrys significant tendencies.

On Jan. 13, Samsung (KS:005930) Asset Management, a unconditionally-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Moving ETF on the Hong Kong Stock Trade. In conserving with local data outlet Edaily, the ETF debuted underneath the ticker 3135:HK and seeks to copy the efficiency of location Bitcoin by investing in Bitcoin futures listed on the Chicago Mercantile Trade (CME).

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