Earlier this week, the Samsung Asset Management Company announced the launch of its spot Bitcoin exchange-traded fund in the Hong Kong market. The Samsung Bitcoin Futures Active ETF is basically a futures-based Bitcoin ETF. As per the latest Bloomberg report, the Samsung fund unit is now planning to unveil more crypto products in the Hong Kong market. Over the last few months, Hong Kong regulators have shown their affinity for crypto and are planning to make the region a new crypto hub in Asia. Samsung now sees an opportunity here and is closely monitoring Hong Kong’s rule book in case they decide to allow direct investments in crypto coins. Sam Park, Hong Kong chief executive for Samsung Asset Management told Bloomberg: “It really depends on how policy is going to be developed”. He further added that the local administration was clearly keen on developing a crypto hub. (coingape)
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Samsung Fund Unit Plans to Unveil More Crypto Products In Hong Kong
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