Bitcoin Move from Technology Giant Samsung!

Bitcoin (BTC) and in general cryptocurrency While the rise in the market excited investors, a Bitcoin move came from the technology giant Samsung.

Aiming for greater exposure of investors to BTC, Samsung is in Hong Kong “Samsung Bitcoin Futures Active ETF” announced that it plans to list

A subsidiary of Samsung Asset Management, Samsung’s investment arm Samsung Asset Management Hong Kong (SAMHK)will list the “Samsung Bitcoin Futures Active ETF” on January 13 in Hong Kong.

It was stated that the Samsung Bitcoin Futures Active ETF will track the spot price of Bitcoin by investing primarily in CME Bitcoin futures and CME Micro Bitcoin futures.

This move of Samsung will be beneficial to both the government and institutional investors in the region. bitcoin and it was remarkable that he came at a time when his interest in crypto was increasing.

Also, Hong Kong’s bitcoin It’s worth noting that it’s the only market where futures ETFs can be traded.

Park Seong-jin, head of Samsung Asset Management Hong Kong He commented on the Bitcoin ETF:

“Hong Kong is the only market in Asia where Bitcoin futures ETFs are listed and traded on the institutional market.

It will be a new option for investors interested in Bitcoin as a competitive product that reflects their experience in risk management.”

Samsung Asset Management, which has taken innovative steps on ETF, has previously been in Hong Kong. Samsung Blockchain Technologies ETF and Samsung Asia Pacific Metaverse ETFhad listed.