{"id":18540,"date":"2023-01-27T06:25:53","date_gmt":"2023-01-27T14:25:53","guid":{"rendered":"https:\/\/coinnetworknews.com\/samsung-launches-bitcoin-etf-hong-kong-bitcoin-magazine\/"},"modified":"2023-01-27T06:25:53","modified_gmt":"2023-01-27T14:25:53","slug":"samsung-launches-bitcoin-etf-hong-kong-bitcoin-magazine","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/samsung-launches-bitcoin-etf-hong-kong-bitcoin-magazine\/","title":{"rendered":"Samsung Launches Bitcoin ETF Hong Kong &#8211; Bitcoin Magazine"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/bitcoinmagazine.com\/.image\/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200\/MTc5Mjk3ODUzMTg2MDU3ODc5\/samsung-adds-bitcoin-to-smartphone-wallet-app.jpg\" \/><\/p>\n<div>\n<p>Samsung Asset Management is launching a bitcoin exchange-traded fund (ETF) in Hong Kong.<\/p>\n<p>The Samsung Bitcoin Futures Active ETF (3135:HK) seeks to obtain a performance similar to spot BTC by investing in bitcoin futures products listed on the Chicago Mercantile Exchange (CME), according to a report by Fortune Korea. Cointelegraph also reported the news earlier on Thursday.<\/p>\n<p>&#8220;Samsung Bitcoin Futures Active ETF is a competitive product that reflects Samsung Asset Management&#8217;s long-term futures-based ETF know-how and risk management experience,&#8221; said Park Seong-jin, head of Samsung Asset Management&#8217;s Hong Kong branch, per a translated version of the <a href=\"http:\/\/www.fortunekorea.co.kr\/news\/articleView.html?idxno=25798\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">Fortune Korea<\/a> report. &#8220;It is a new option for investors who are highly interested in Bitcoin.&#8221;<\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<p>The latest crypto market rout hasn\u2019t deterred Hong Kong from seeking to become a major hub for the industry. Its financial secretary, Paul Chan, <a href=\"https:\/\/time.com\/6245551\/hong-kong-crypto-hub\/\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">recently reiterated that commitment<\/a>, adding that Hong Kong will work to attract new businesses from all over the world. The city\u2019s first BTC-linked ETF, the CSOP Bitcoin Futures ETF, <a href=\"https:\/\/www.reuters.com\/technology\/amid-crypto-turmoil-hong-kong-debuts-first-crypto-futures-etfs-2022-12-15\/\" rel=\"noopener\" onclick=\"return phoenixTrackClickEvent(this, event);\" target=\"_blank\">went live last month<\/a>.<\/p>\n<p>An ETF offering for an investment represents a significant mainstream adoption milestone. Freed from the complexity behind the asset itself, institutional and retail investors can enjoy price exposure through a simple, regulated avenue. As such, Samsung\u2019s offering in Hong Kong promises to further expand awareness about bitcoin and access to bitcoin exposure in the region.<\/p>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-c\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-b not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-a not-size-c not-size-d\" data-ad-group=\"in_content-0\"\/>\n<aside class=\"m-in-content-ad-row l-inline mm-in-content-ad-row--in-content not-size-b not-size-c not-size-d\" data-ad-group=\"in_content-1\"\/>\n<p>But that doesn&#8217;t come without intrinsic drawbacks. Although investors can get exposure to fiat price fluctuations of the underlying asset through an ETF, they won\u2019t possess that product itself, being that gold or BTC. And that is a subtle but very important difference, especially for bitcoin. Investors can only take advantage of Bitcoin\u2019s true value proposition of censorship-resistant and sovereign digital money if they choose to purchase and self-custody BTC themselves \u2013\u2013 which isn&#8217;t rocket science, thanks to some <a href=\"https:\/\/bitcoinmagazine.com\/guides\">great resources<\/a>.<\/p>\n<\/div>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/markets\/samsung-launches-bitcoin-etf-hong-kong\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Asset Management is launching a bitcoin exchange-traded fund (ETF) in Hong Kong. The Samsung Bitcoin Futures Active ETF (3135:HK) seeks to obtain a performance similar to spot BTC by investing in bitcoin futures products listed on the Chicago Mercantile Exchange (CME), according to a report by Fortune Korea. Cointelegraph also reported the news earlier [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,56,6],"tags":[21,376,116,117,486,90,618],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18540"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=18540"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/18540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/18541"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=18540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=18540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=18540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}