Samsung Asset to list blockchain ETF on Hong Kong Exchange

by Mike Millard

Samsung Asset Management plans to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange in the first half of this year, the Korea Economic Daily reported on Thursday.

It will the first ETF that tracks cryptocurrencies and blockchain tech companies to list in Asia. The listing follows the company’s acquisition of a 20% stake in US ETF sponsor Amplify Holding Company in March. Illinois-based Amplify’s ETF product BLOK, or Amplify Transformational Data Sharing ETF, invests at least 80% of its net assets in equity securities of blockchain companies, the daily said.