News Snapshot:
Samsung Asset Management has launched a blockchain-focused exchange-traded fund, the first of its type in Hong Kong, which can monitor corporations concerned in the sector together with cryptocurrencies. The firm has raised US$12 million from institutional traders for its Samsung Blockchain Technologies ETF, which can commerce below the inventory code “3171” from June 23, mentioned Terence Ling, head of ETF distribution at Samsung Asset Management (HK) . “The application of blockchain technologies is very wide and is not limited to cryptocurrencies. We believe that its adoption will widen to 80 per cent of the world’s population by 2030 from less...
