Backup Header Below

Samsung Group Investment Arm to List Blockchain ETF on Hong Kong Exchange

Samsung Group’s investment arm is reportedly set to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of this year. The ETF will have a structure which is similar to that of BLOK, one of Amplify Holdings’s ETF products.

The U.S. ETF sponsor, which is famed for its ETF products such as BLOK, or Amplify Transformational Data Sharing ETF, is thought to invest “at least 80% of its net assets in equity securities of blockchain companies.” As per the report, the asset manager’s ETF will have a structure that is identical to that of BLOK.

Some of the blockchain companies where Amplify Holding has invested include Silvergate Capital, the graphics processing unit (GPU) producer Nvidia, Galaxy Digital Holdings and Coinbase.

According to The Korea Economic Daily report, the asset manager is planning to brand the ETF under its name. The report also revealed that SAMC may not be listing the ETF of the South Korean stock market anytime soon due to the country’s cryptocurrency regulations.

The report states, however, that the asset manager is considering listing some of Amplify’s other ETFs in the Korean as well as overseas markets.

What are your thoughts on this story? Tell us what you think in the comments section below.

News Wire

Other Press Releases