Samsung Asset Management has just announced plans to launch a blockchain ETF in Hong Kong. If approved the ETF plans to mimic the Amplify Transformational Data Sharing ETF (BLOK) which means the ETF will offer investors exposure to Bitcoin futures contracts as well as actual Bitcoin through the Purpose Bitcoin ETF (BTCC). Samsung Asset Management also recently purchased a 20% stake in AmpliFi for $30 million which in turn gives them full exclusive sales rights to BLOK allowing them to trade under Samsung’s name while using BLOKs structuring.
ETF Newz Says:
Having indirect holdings in Bitcoin will surely cause some delay for the launch but if approved it would be the first Asian ETF to have actual Bitcoin exposure.