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In Hong Kong, Samsung Asset will float a blockchain ETF

Local media reported on Thursday that South Korean asset management Samsung Asset Management is planning to float a blockchain exchange-traded fund (ETF) on the Hong Kong stock exchange (HKEX).

According to the source, the ETF slated to debut in Hong Kong would have the same structure as BLOK. Which is, a U.S.-listed ETF that invests at least 80% of its net assets in equity securities of blockchain businesses. Then, and has Silvergate Cap, CME Group, and SBI Holdings among its top holdings.

In Hong Kong, Samsung Group’s investment arm already has five ETFs that follow semiconductors, American IT heavyweights, and Chinese internet companies.

In late March, Samsung Asset Management purchased a 20% stake in Amplify, a U.S. ETF sponsor, giving it exclusive access to Amplify products in Asia.

Three new cryptocurrency exchange-traded funds (ETFs) were set to launch in Australia on Wednesday. However, but were delayed at the last minute. There hasn’t been any new information about the debut date.

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