Samsung Asset Management has 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 has reported.
The decision has been taken following the company’s purchase of a 20% stake in the American ETF provider Amplify Holding for $30 million. The latter 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 Canada-traded spot Bitcoin ETFs from Purpose and 3IQ Coinshares.
Samsung Asset on HKEX is expected to follow the BLOC structure. It will not be listed in South Korea expected due to legal restrictions.
