Samsung Asset Management to launch Asia’s first blockchain ETF

Samsung Asset Management plans in the first half of 2022 to secure a listing for ETF focused on blockchain companies on the Hong Kong Stock Exchange (HKEX). The Korea Economic Daily reports.

The catalyst for this decision may have been the purchase of a 20% stake in American ETF provider Amplify Holding for $30 million. Amplify Holding launched the Amplify Transformational Data Sharing ETF (BLOC).

The prospectus for the ETF suggests investments of at least 80% of AUM in shares of blockchain companies such as Nvidia, Coinbase Global, CME, Galaxy Digital Holdings. It also includes Canadian-listed spot Bitcoin ETFs from Purpose and 3IQ Coinshares.

The Samsung Asset product on HKEX is expected to replicate the BLOC structure.

A listing of the instrument in South Korea is not expected due to regulatory constraints.

Earlier this January, Torus Kling Blockchain and the International Stock Exchange of India signed a memorandum of understanding to launch a Bitcoin and Ethereum futures ETF.

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