In Hong Kong, the bell rings for Bitcoin (BTC). Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to note the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock market on Jan. 13.

The move comes amidst a surge in interest from both the government and institutional financiers in the area.

Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest
The Hong Kong Stock Exchange. Source: thetradenews.com The ETF, or exchange-traded

fund, will track the area cost of Bitcoin by buying Bitcoin futures items listed on the Chicago Mercantile Exchange(CME). The ETF will primarily buy the CME Bitcoin Futures, with some financial investments in the CME Micro-Bitcoin Futures.Currently, Hong Kong is the only market in Asia where Bitcoin futures ETFs can be traded. The Samsung Bitcoin Futures ETF signs up with the Hong Kong Crypto Futures ETF, which began trading to the tune of$ 70 million in 2022. Other markets around the world include Canada, the U.S., Australia, and some European countries such as Switzerland. Cast your vote now!Park Seong-jin, head of Samsung Asset Management Hong Kong, commented:”Hong Kong is the only market in Asia where Bitcoin futures ETFs are noted andsold the institutional market. It will be a new choice for investors who have an interest in Bitcoin as a competitive product

that reflects their experience in threat management.”This ETF listing will provide retail and institutional financiers with a brand-new way to acquire direct exposure to Bitcoin, which may assist to attract more mainstream investors to the cryptocurrency space. With Samsung’s reputation and brand power, the ETF could be an attractive alternative for investors who are searching for a way to invest in Bitcoin without purchasing and holding their own personal secrets directly.The relocation by Samsung comes as the price of Bitcoin exceeded the$18,000 level, showing a possible rise in positive sentiment amongst traders. Other cryptocurrencies have actually likewise done the same , taping a recovery in the more comprehensive crypto market.Related: Bitcoin mining ETF tops equity ETF market in new year’s performance charts In 2022, Samsung Asset Management Hong Kong Limited held$ 1.4 bn assets under management, while the globally acknowledged brand name of Samsung continues to be actively involved in the crypto area

. The South Korean business, valued at over$300 billion, boasts a blockchain wallet while the flagship smart device, Galaxy S22 includes a preinstalled crypto. The ETF is a more indication that the international brand name is seeking to take advantage of the growing interest in cryptocurrencies.