WU blockchain reported today that Samsung Asset Management (SAMHK) would list the “Samsung Bitcoin Futures Active ETF” in Hong Kong on January 13th.
Investors seeking to replicate spot BTC returns now can do so through the Samsung Bitcoin Futures Active ETF. This ETF invests in BTC futures products listed on the Chicago Mercantile Exchange (CME), making it a convenient option for domestic and Asian investors to participate in BTC futures during the Asian time zone.
In addition to traditional futures contracts, the ETF may also invest in micro-Bitcoin futures, which allow for smaller investment amounts and lower margin requirements, making it accessible to a broader range of investors.
The head of Samsung Asset Management’s Hong Kong office, Park Seong-jin, said:
It will be a new option for investors who are interested in Bitcoin as a competitive product that reflects their experience in risk management.
However, it eliminates spot market risks by investing in CME-listed futures only, with an annual management fee of 0.95%. These risks include payment accidents, bankruptcy, hacking of spot exchanges, and others.
SAMHK made a bold move last year by introducing two new ETFs to the Hong Kong market, the first of their kind in Asia. The Samsung Global Blockchain Industry ETF allows for investment in the global blockchain industry, while the Samsung Asia Pacific Metaverse ETF enables investment in key metaverse industries in the Asia Pacific region.
The Only Market In Asia To Trade Bitcoin Futures ETFs
According to WU Blockchain, CSOP Bitcoin Futures ETF, the first Bitcoin futures ETF in Asia, has been listed in Hong Kong for almost a month and has seen a cumulative trading volume of $12M and a daily trading volume of $630k.
The CSOP Bitcoin Futures ETF, a sub-fund of the CSOP ETF Series, is an actively managed exchange-traded fund established under Hong Kong law. The sub-fund units can be traded on the Stock Exchange of Hong Kong, similar to stocks and denominated in USD.
At present, the market for Bitcoin futures ETFs worldwide, which encompasses regions such as the US, Canada, Australia, and Hong Kong, holds an estimated worth of 1 trillion won. However, Hong Kong stands out as the exclusive Asian market that allows for its trading.
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