Samsung, Asia's First 'Blockchain ETF' Listed in Hong Kong

[Asia Economy Reporter Junho Hwang] Samsung Asset Management is listing the blockchain ETF 'Samsung Blockchain Technology ETF' on the Hong Kong financial market, the first in the Asian market.

This ETF invests in global blockchain companies, blockchain technology-related ETFs, and cryptocurrency ETFs. It aims to operate similarly to 'BLOK,' the mega-hit blockchain ETF launched by Amplify in the United States on the New York Stock Exchange, the world's first of its kind. As of June 22, BLOK's net assets amounted to $530 million (approximately 691.7 billion KRW).

By utilizing this product, investors can invest in the global blockchain industry. The investment portfolio includes major blockchain-related stocks such as companies actively investing in blockchain technology and companies expected to benefit from blockchain technology. Investment targets include CME GROUP, the largest financial derivatives exchange in the world, global IT company IBM, Japan's major IT company GMO INTERNET which recently expanded into the cryptocurrency sector, and OVERSTOCK, a U.S. online shopping company operating the cryptocurrency trading platform tZero.

The Samsung Blockchain Technology ETF can be conveniently traded from 10:30 AM to 5:00 PM (Korean time), when the Hong Kong stock market is open. This allows investors in Korea and the Asian region to trade the same product as the U.S. BLOK ETF in real time during the day. Previously, domestic and international investors investing in BLOK had to invest during early morning hours to match the U.S. stock market trading hours.

Park Sung-jin, head of Samsung Asset Management's Hong Kong office, said, "The listing of the Samsung Blockchain Technology ETF aims to provide Asian investors with new investment opportunities by enabling easy and convenient investment in the highly popular U.S. blockchain ETF within the Asian time zone." He added, "Starting with this Samsung Blockchain Technology ETF, we plan to diversify and expand our lineup of leading global ETF products in the Asian market."

This content was produced with the assistance of AI translation services.