Samsung Asset Management launches first blockchain-focused ETF in Hong Kong as technology grows beyond cryptocurrencies


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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Samsung Asset Management has launched a blockchain-focused exchange-traded fund, the first of its kind in Hong Kong, which will track companies involved in the field including cryptocurrencies. The company has raised US$12 million from institutional investors for its Samsung Blockchain Technologies ETF, which will trade under the stock code “3171” from June 23, said 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 than...