Samsung’s Investment Arm To Pursue Asia’s First Blockchain ETF | Bitcoin Crypto Expert

Samsung’s Investment Arm To Pursue Asia’s First Blockchain ETF

Samsung Group’s investment arm is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand.South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange, The Korea Economic Daily reported Thursday.

It’s the first time an Asia-based ETF of its kind – that includes crypto – will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies.The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia, according to a press release.