Samsung Asset Management, the Korean conglomerate’s investment arm, is set to launch what it claims will be Asia’s first blockchain ETF.
According to the Korea Economic Times, the firm will look to debut the fund on the Hong Kong Stock Exchange before the end of Q2.
The ETF is expected to track a basket of technology firms involved with blockchain and distributed ledger technology.
The launch plans come in the wake of Samsung AM’s acquisition of a 20% stake in US ETF provider Amplify which is the firm’s exclusive ETF partner in Asia.
According to the Korea Economic Times, Samsung AM’s ETF is expected to take the same approach as Amplify’s BLOK ETF which allocates 80% of its capital to blockchain companies, such as Coinbase, Microstrategy, Nvidia, SBI Holdings and Galaxy Digital.
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