Samsung’s Bitcoin ETF, $700M bust, Coinbase exits Japan: Asia Express
Cointelegraph
Published Jan 19, 2023 05:49PM ET
Updated Jan 19, 2023 06:00PM ET
Our weekly roundup of news from East Asia curates the industrys most important developments.
On Jan. 13, Samsung (KS:005930) Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF debuted under the ticker 3135:HK and seeks to replicate the performance of spot Bitcoin by investing in Bitcoin futures listed on the Chicago Mercantile Exchange (CME).
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Written By: Cointelegraph
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