A new report has just come out showing Samsung Asset Management (SAM) will be launching a new bitcoin ETF in Hong Kong. The Samsung Bitcoin Futures Active ETF (3135:HK) plans to launch on January 13, 2023 and looks to offer relative performance to spot bitcoin by investing in bitcoin futures on the Chicago Mercantile Exchange. A quote from the head of the Hong Kong branch at SMA states, “Samsung Bitcoin Futures Active ETF is a competitive product that reflects Samsung Asset Management’s long-term futures-based ETF know-how and risk management experience… It is a new option for investors who are highly interested in Bitcoin.”
ETF Newz Says:
The launch comes shortly afters Hong Kong’s first bitcoin fund, the CSOP Bitcoin Futures ETF, which launched in December.