Samsung Asset to List Blockchain ETF in Hong Kong

South Korean asset manager Samsung Asset Management intends to list a blockchain exchange-traded fund (ETF) on the Hong Kong Stock Exchange (HKEX), local media reported on Thursday.

The Hong Kong-listed ETF will have an identical structure to the US-listed BLOK ETF that invests at least 80% of its net assets in equity securities of blockchain companies and considers Silvergate Cap, CME Group and SBI Holdings as its largest holdings, according to report.

Samsung Group’s investment arm already has five existing Hong Kong-listed ETFs that track semiconductors, U.S. tech giants and Chinese internet companies.

See Also: Fidelity Investments launches 2 new crypto ETFs

At the end of March, Samsung Asset Management acquired a 20% stake in US ETF sponsor Amplify, giving it the exclusive right to offer Amplify products in Asia. In Australia, three new cryptocurrency ETFs were expected to launch on Wednesday but faced last-minute delays. No new launch dates have been released

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