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Samsung Asset Management list its blockchain ETF on the Hong Kong Stock

 Samsung Group is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand.

Samsung Asset Management list its blockchain ETF on the Hong Kong Stock.jpg

South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange.

It’s the first time an Asia-based ETF of its kind that includes crypto will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies.

The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia.

Samsung’s ETF is expected to closely resemble Amplify’s Block ETF-albeit under its brand which invests 80% of its net assets into equity securities of blockchain-based companies. The Block ETF’s top holdings include Coinbase, Microstrategy, Nvidia, SBI Holdings, and Galaxy Digital.

Read full story at: https://cryptounity.news/samsung-asset-management-list-its-blockchain-etf-on-the-hong-kong-stock


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