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Samsung launches bitcoin-ETF on Hong Kong stock exchange

Samsung launches bitcoin-ETF on Hong Kong stock exchange
Photo by Ravi Sharma / Unsplash

Samsung Asset Management plans to launch a bitcoin-ETF on the Hong Kong stock exchange. The company attributed the new product to increased demand from both institutional and retail investors.

"Samsung Bitcoin Futures Active ETF will track BTC spot price movements. The fund invests only in bitcoin-based futures products listed on the Chicago Mercantile Exchange (CME).

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