Samsung Asset Management has announced plans to launch a blockchain ETF on Hong Kong Stock Exchange on June 23.
Samsung Blockchain Technologies ETF will reportedly invest in stocks of firms engaging in the advancement of blockchain technology.
The Samsung investment entity will focus on blockchain research and development firms, data providers, industry investment firms, and others.
The Samsung Blockchain Technologies ETF will be a sub-fund of Samsung ETFs Trust, a general unit founded under Hong Kong law.
The composition of the ETF will be managed by SAMHK’s portfolio management team, tasked with selecting firms with small market capitalization or low trading volume. SAMHK has termed the investment product the first global blockchain-related ETF in Hong Kong.
The ETF launch follows Samsung Asset Management’s acquisition of a 20% equity stake in the US ETF sponsor Amplify Holding Company in March 2020.
Source: Samsung
