Samsung Asset Management to list blockchain ETF on Hong Kong Exchange


Source: crypto-reporter.com crypto-reporter.com

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Samsung Asset Management plans to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange in the first half of this year, according to the Korea Economic Daily. It will be the first ETF that tracks cryptocurrencies and blockchain tech companies to list in Asia. The listing follows the asset manager’s acquisition of a 20% stake in US ETF sponsor Amplify Holding Company LLC in late March. Samsung Asset Management has secured exclusivity to provide Amplify products in Asia through the $30 million deal. The Illinois-based ETF sponsor is renowned for its ETF products such as BLOK , or...