Samsung Asset Utilization (Hong Kong): Does not rule out the launch of virtual asset ETFs

01/22 04:02

Wechat scan to share

Xiao Peiling, ETF investment strategist of Samsung Asset Management (Hong Kong), the issuer of Hong Kong virtual currency futures ETF, revealed that the company currently has related futures products and is also interested in spot products. It is not ruled out that they will be launched, but there are no updates for now. Many banks have not distributed virtual currency futures ETFs, and even if spot ETFs are launched, they may face related issues. However, Wang Zhuofeng, general manager of the sales department (Asia-Pacific region) of Southern Dongying, another issuer of virtual currency futures ETFs, stated that futures ETF operations are relatively simple and can avoid systemic risks, while spot ETFs have higher dependence on risk management and counterparties related to custody and trading. Currently, launching another similar product is not very cost-effective, and market demand will be observed before considering it.

Comments

All Comments

Recommended for you

Kevin Helms · 04/08 22:20

DOJ Nukes Crypto Crime Unit as Trump Vows to End Regulation by Prosecution

The DOJ just killed its crypto crimes unit in a sweeping shift that signals America is going all-in on digital asset freedom and growth.
CointimeSG · 04/08 15:14

Scaling the EVM requires an L1, not an L2

Despite all the hype, layer 2s have never been the solution to scaling the EVM, as they come with their own set of challenges. The answer has lied within layer 1s all along.
Tom Fenske · 04/08 04:57

Galaxy Digital Gets SEC Nod for U.S. Listing, Eyes Nasdaq Debut in May

Galaxy Digital plans to redomicile in Delaware and list shares on Nasdaq after May 9 shareholder vote.
Helene Braun · 04/08 04:54

Risk to Bitcoin Buying Plans Makes Strategy a Sell, Says Wall Street Analyst

Michael Saylor's perpetual capital raising machine could be nearing its limit, according to Monness, Crespi, Hardt & Co.
Coindesk · 04/08 04:51

Why Trump's Tariffs Could Actually Be Good for Bitcoin

As the Trump Administration sets out tariff policy on “Liberation Day” Wednesday, many are pessimistic about the economy in general and crypto prices in particular. But there are strong reasons not to be, say analysts.
Krisztian Sandor · 04/07 21:48

Ripple, BCG Project $18.9T Tokenized Asset Market by 2033

Tokenization of assets could save significant costs for asset managers and issuers, driving broader adoption, the report noted.
Bitcoin Asia · 04/07 21:44

SEC Issues Clarified Stance on Stablecoin Regulation

The official “Statement on Stablecoins” was issued by the SEC’s Division of Corporation Finance on Friday as “part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets.”
Jamie Redman · 04/07 18:51

Strategy Reports $5.91B Unrealized Bitcoin Loss in Q1 2025

Strategy, the enterprise software firm formerly known as Microstrategy, disclosed $5.91 billion in unrealized losses on its bitcoin holdings for Q1 2025 under a new accounting rule requiring crypto assets to be marked to market.
bitcoin.com · 04/07 18:39

Dormant Coins Targeted in Proposed Quantum-Resistant Bitcoin Fork

Bitcoin could be about to get a major change. A new proposal suggests some coins might have to be destroyed to protect the network from future quantum computer attacks.
Jamie Redman · 04/07 03:35

Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open

Bitcoin dipped to an intraday low of $77,098, mirroring the downturn in futures markets as the Dow Jones Industrial average plunged more than 1,500 points.