Samsung Asset Management plans to list an ETF focused on a blockchain company on the Hong Kong Stock Exchange (HKEX) in the first half of 2022, The Korea Economic Daily reports.
The company’s purchase of a 20% stake in US ETF provider Amplify Holding for $30 million could be behind the decision. Amplify Holding has launched the Amplify Transformational Data Sharing ETF (BLOC).
The ETF prospectus assumes an investment of at least 80% of AUM in shares of blockchain companies like Nvidia, Coinbase Global, CME, Galaxy Digital Holdings. It also includes Canadian-traded spot Bitcoin ETFs from Purpose and 3IQ Coinshares.
The Samsung Asset product on HKEX will reportedly repeat the BLOC structure.
However, the instrument will not be listed in South Korea due to legal restrictions.