The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $21,035.03 and BTC market dominance is %. The price of Ethereum is $1,547.01 and ETH market dominance is %. The best performing cryptoasset sector is Adult, which gained 33%.
The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.
Cover art/illustration via CryptoSlate
Samsung Asset Management received approval to list its Bitcoin (BTC) Futures Exchange Traded Fund (ETF) on the Hong Kong Stock Exchange by Jan. 13, according to local media reports.
On Oct. 31, the Hong Kong Securities and Futures Commission (SFC) announced plans to allow ETF providers to list futures contracts for retail investors to gain exposure to crypto assets.
Consequently, Samsung Asset Management filed an application to offer its Bitcoin Futures ETF for trading.
The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.
The Samsung ETF will invest in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME). The futures contract will include CME Bitcoin futures and the CME micro-Bitcoin futures.
As a result, retail investors will be able to allocate small amounts to the Bitcoin ETFs, given that the contract units and margins are small.
Head of Samsung Asset Management Park Seong-jin said:
“The Samsung Bitcoin ETF will be a new option for investors who are a new option for investors who are interested in Bitcoin as a competitive product.”
Meanwhile, Samsung Asset Management had earlier listed its Global blockchain industry ETF and Asia Pacific Metaverse ETF for trading on the Hong Kong Stock Exchange market.
About a month ago, CSOP Asset Management became the first firm to list its Bitcoin Futures ETF for trading on the Hong Kong stock exchange market.
According to a performance report released by CSOP on Jan 11, its Bitcoin Futures ETF recorded about $12 million in overall trading volume. Its daily trading volume stood at about $630,000.
Hong Kong-based Huasheng Securities reportedly subscribed for the first set of the CSOP Bitcoin Futures ETFs.
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
Breaking through resistance: Understand the factors driving Bitcoin’s surge past $21,000 in our latest market report.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent electronically from user to user on the peer-to-peer bitcoin network without intermediaries.
CoinGecko tied the floor price rise to reports of Trump’s planned return to social media platforms Twitter and Facebook.
The stablecoin, AUDN, will focus on reducing settlement time, bringing down cost of international transfers, and carbon credits.
Speaking from Davos, Nouriel Roubini renewed his attack on cryptocurrency and considering the events of 2022, even crypto advocates are starting to agree with him.
On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.
The crypto asset’s value has rallied over the past several days.
Alameda Research’s liquidator positions have been liquidated twice in less than four days due to forcibly closing leveraged positions.
Along with draining all crypto and NFTs, the attackers gained control of NFT God’s social media accounts and his Substack blog.
Ethereum’s Shanghai upgrade in March will enable withdrawals from the beacon chain by granting ETH validators the ability to unstake.
The fake Pi token reached a trading volume of $46.8 million on Huobi, becoming the most traded token on the exchange over the past 24 hours.
A look at how the crypto market impacted 17 of crypto’s wealthiest founders and investors since March, as per Forbes estimates.
The floor price for the former president’s NFT collection is around 0.16 ETH.
Midas will rebalance its users’ accounts by deducting 55% from it and their rewards earned. The move would allow users to withdraw 45% of their assets.
Breaking through resistance: Understand the factors driving Bitcoin’s surge past $21,000 in our latest market report.
Got a story tip? Email [email protected]
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via