Samsung's Investment Arm wants to pursue Asia's first blockchain ETF
Samsung's Investment Arm wants to pursue Asia's first blockchain ETF
- The Investment Arm of Samsung wants a blockchain ETF list that is very similar to the Blok ETF from Amplify
- The fund is expected to reproduce a basket of large crypto and blockchain technology companies, including Coinbase and Galaxy Digital
The investment arm of the Samsung Group reports reportedly as Asia's first blockchain ETF to benefit from the growing demand.
South Korea's Samsung Asset Management will try to put the fund on the Hong Kong Stock Exchange in the first half of 2022. The Korea Economic Daily reported.
It is the first time that an ETF of this kind - which also includes crypto - is noted in the region. It is expected that the vehicle will follow a basket of large blockchain technology companies.
The move follows the takeover of the asset manager US-ETF-provider amplify holding Company at the end of March, in which she participated in a 20 % purpose. According to A, the investment arm is the exclusive ETF partner of Amplify in Asia
. . The contribution "Samsung Investment Arm to Pursue Asia’s First Blockchain ETF" is not a financial advice.
Kommentare (0)