News

On The Hong Kong Exchange, Samsung Asset Will Offer A Blockchain ETF

The Samsung Group’s investment arm announced on Thursday that it plans to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year. It is the first ETF to list in Asia that tracks cryptocurrency and blockchain technology firms.

On The Hong Kong Exchange, Samsung Asset Will Offer A Blockchain ETF

The asset management bought a 20% stake in US ETF sponsor Amplify Holding Company LLC in late March, prompting the listing. Through a $30 million transaction, Samsung Asset Management has gained exclusive access to Amplify goods across Asia.

The ETF sponsor, situated in Illinois, is known for ETFs like BLOK, or Amplify Transformational Data Sharing ETF, which invests at least 80% of its net assets in equity securities of blockchain businesses.

Silvergate Capital, a crypto payment platform, Nvidia, a crypto mining graphics processing unit (GPU) manufacturer, Galaxy Digital Holdings, Coinbase Global, a crypto exchange platform, and the Chicago Mercantile Exchange (CME) Group are among the companies on the list. The structure of the ETF slated to list on the HKEX will be identical to that of BLOK.

Samsung Asset Management plans to launch the new ETF alongside its five existing HKEX ETFs

On The Hong Kong Exchange, Samsung Asset Will Offer A Blockchain ETF

HKEX ETFs track global semiconductors, FANG+ (Facebook, Apple, Netflix, Google (Alphabet) and other companies), Asia-Pacific REITs, Chinese internet enterprises, and crude oil.

BLOK includes crypto-tracking ETFs including Purpose Bitcoin ETF and 3IQ Coinshares Bitcoin ETF, as well as crypto-tech firms and trading platforms. The new ETF will be Asia’s first public blockchain ETF that contains cryptocurrencies, and it will debut on the Hong Kong stock exchange. However, due to the country’s cryptocurrency investment restrictions, it will not be listed on the Korean stock exchange in the foreseeable future.

Amplify’s other flagship ETFs may be listed in the Korean and international markets by the Korean investment firm. According to a Samsung executive, the asset manager is considering whether to issue DIVO, or Amplify CWP Enhanced Dividend Income ETF, in Korea or Hong Kong.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.