South Korean asset supervisor Samsung Asset Administration is reportedly set to record a blockchain exchange-traded fund (ETF) on the Hong Kong inventory change (HKEX), native media reported on Thursday.
Quick info
- The ETF set to record in Hong Kong could have the equivalent construction to BLOK, a U.S.-listed ETF that invests not less than 80% of its web property in fairness securities of blockchain firms, and which counts Silvergate Cap, CME Group and SBI Holdings as its largest holdings, in keeping with the report.
- Samsung Group’s funding arm already has 5 current ETFs listed in Hong Kong, monitoring semiconductors, American tech giants and Chinese language web firms.
- Samsung Asset Administration acquired a 20% stake in U.S. ETF sponsor Amplify in late March, giving it exclusivity to supply Amplify merchandise in Asia.
- In Australia, three new crypto ETFs had been anticipated to go stay on Wednesday however confronted last-minute delays. No new timeline for the launch has been launched.
