Samsung’s Investment Unit to List Blockchain ETF on Hong Kong Exchange

Samsung Asset Management Company (SAMC), the investment arm of Samsung Group, is expected to list a blockchain exchange-traded fund (ETF) on the Hong Kong Exchange during the first half of 2022.

The ETF, a first for Asia, will track cryptocurrency and blockchain technology companies.

The ETF listing is expected to occur in the first half of 2022.

Few weeks ago, SAMC reportedly acquired 20% of the stake in Amplify Holding Company, a U.S. ETF sponsor.

As part of a $30 million acquisition agreement with Amplify Holding, Samsung Group’s investment arm will have exclusive rights to provide Amplify products in Asia.

Some of the blockchain companies where Amplify Holding has invested include Silvergate Capital, the graphics processing unit (GPU) producer Nvidia, Galaxy Digital Holdings and Coinbase.

According to The Korea Economic Daily report, the asset manager is planning to brand the ETF under its name.

The report also revealed that SAMC may not be listing the ETF of the South Korean stock market anytime soon due to the country’s cryptocurrency regulatiions.

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