Samsung enters the Hong Kong stock market with bitcoin textures – Bits Media

The subsidiary of the Samsung investment unit - Samsung Asset Management Hong Kong - plans 13 January Listing its Exchange Fund (ETF) on the bitcoin forms of Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange.

The company said, that the decision was made on background of increased interest in cryptocurrencies in the region from the government and institutional investors. ETF will monitor the flower price for bitcoin and invest in futures products on BTC, in the Chicago commodity exchange (CME). First of all, the exchange fund will be focused on CME futures on bitcoins.

"Hong Kong is the only place in the Asian region, where futures ETF on bitcoin are quoted and traded in the institutional market. Our product is focused on investors, who are interested in Bitcoin as a competitive asset ", - Says the head of Samsung Asset Management Hong Kong Pak Song Jin (Park Seong-jin).

Samsung is counted, that thanks to the reputation and popularity of the brand, the company will be able to attract investors, who have long wanted to invest in crypto intersrement, But at the same time they did not want to buy digital currencies and independently store closed keys.

Earlier, the Hong Kong government said, that he receives many requests for opening the headquarters of cryptocurrency companies, Therefore, officials do not intend to reduce their activities in the crypto industry due to the crisis.